Democratic lawmakers and crypto investors characterized crypto projects launched by or tied to Trump as scams and political corruption.
United States President Donald Trump is facing renewed scrutiny as crypto tokens and projects he promoted or that are tied to his family have crashed to all-time lows or are trading near record lows.
The Official Trump token (TRUMP), a memecoin promoted by Trump, hit an all-time low of about $2.73 in March 2026 and was trading around $2.86, according to CoinGecko. TRUMP has plunged roughly 90% from its January 2025 all-time high of over $73.
World Liberty Financial (WLFI), a decentralized finance platform co-founded by Trump’s sons, issued a governance token that fell to an all-time low of about $0.07. WLFI is down nearly 75% from its September 2025 high near $0.31, per CoinMarketCap.
Responding to the sell-offs, Professor Tonya Evans said on social media that while figures like Sam Bankman-Fried or Gary Gensler were harmful to crypto, “it was the guy who surrounds himself with sycophants, siphons every bit of value he can for himself, and then expeditiously bankrupts companies and casinos without consequence.”
U.S. Senators Elizabeth Warren, Richard Blumenthal and Adam Schiff sent a letter to Bill Zanker, who launched the Trump memecoin, seeking details about a planned Trump memecoin gala in April. According to Politico, the senators said organizers are “dangling access” to Trump and noted that attendees would be required to hold TRUMP tokens to gain entry, raising questions about potential financial benefit to Trump and his family.
Coverage has also raised concerns about insider trading and conflicts of interest tied to Trump’s crypto ventures.
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