Trump made a fortune on his crypto business. Thousands of investors lost their shirts

Key Points:

• President Donald Trump remotely rang the opening bells of the NYSE and Nasdaq to promote “Trump accounts,” which provide newborns with $1,000 in savings funded by federal money and private donations.
• Despite previously calling Bitcoin a “scam,” Trump and his family made over $1.4 billion in 2025 through their cryptocurrency ventures, while many everyday investors suffered significant losses.
• The Trump family launched World Liberty Financial in late 2024, backed secretly by an Abu Dhabi royal’s company, which invested $187 million just before Trump’s inauguration, raising concerns about foreign influence.
• Trump’s meme coin generated approximately $636 million in 2025, but about two-thirds of investors lost money, totaling $3.81 billion in losses, highlighting a stark contrast between elite gains and civilian losses.
• The Trump administration scaled back crypto regulation and pardoned fraudsters in 2025, while political and financial elites connected to Trump benefited from deals involving advanced AI chip imports and TikTok’s U.S. operations.