Skip to main content
See every side of every news story
Published loading...Updated

Trump Cost Investors $4.7B Through Crypto ‘Schemes’: Public Citizen

Fundraising text from RNC attributed to JD Vance, stating "Groceries cost what they cost," prompts widespread ridicule from Democrats and online users.

  • On Tuesday, the Republican National Committee sent a fundraising text signed by Vice President JD Vance acknowledging high inflation, stating: "Groceries cost what they cost."
  • Directing recipients to an "Authorized Website of GOP HQ," the appeal drew sharp criticism from the Democratic National Committee, which accused the administration of "turning a blind eye to the hardship of American families."
  • A report released Thursday by government watchdog Public Citizen estimates President Donald Trump's cryptocurrency products have left investors at least $4.7 billion underwater since 2022 across five ventures.
  • Investors lost $3.2 billion in the TRUMP memecoin and at least $1 billion in World Liberty Financial governance tokens, while Trump earned more than $1.1 billion from crypto in 2025.
  • Renewed calls for legislation requiring presidential divestment from crypto projects have emerged, though the White House maintains Trump has no conflicts of interest regarding his business ventures.
Insights by Ground AI

13 Articles

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 55% of the sources are Center
55% Center

Factuality Info Icon

To view factuality data please Upgrade to Premium

Ownership

Info Icon

To view ownership data please Upgrade to Vantage

Raw Story broke the news in Washington, United States on Wednesday, August 26, 2026.
Too Big Arrow Icon
Sources are mostly out of (0)

Similar News Topics

News
Feed Dots Icon
For You
Search Icon
Search
Blindspot LogoBlindspotLocal