Trump Confronts Fresh Criticism Amid Dramatic Collapse of Trump-Associated Cryptocurrency Tokens
Critics from the Democratic Party along with cryptocurrency market participants have labeled digital currency ventures associated with or initiated by Trump as fraudulent schemes and instances of political malfeasance.
A governance token released by World Liberty Financial (WLFI), a decentralized finance (DeFi) venture co-established by the sons of Trump, experienced a collapse to a record low on Saturday, plunging to a mere $0.07.
The value of WLFI has declined by approximately 75% from its peak of roughly $0.31 that was achieved in September 2025, whereas the TRUMP memecoin has experienced a decline of roughly 90% from its peak value exceeding $73 that was reached in January 2025.
"We thought Sam Bankman-Fried or Gary Gensler were the worst things to happen to the crypto industry, and they were horrible," Professor Tonya Evans said in response to the plummeting token prices. She added:
"But, turns out, 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."
US lawmakers send letter to Trump memecoin creator
A correspondence was recently delivered by Senators Elizabeth Warren, Richard Blumenthal and Adam Schiff to Bill Zanker, the person responsible for launching the Trump memecoin, seeking information regarding the objectives of the Trump memecoin gala scheduled for April.
According to Politico, which secured a copy of the correspondence, the lawmakers stated that those organizing the event are "dangling access" to Trump.
The Senators indicated that Trump along with his family members are positioned to profit from heightened sales of the Trump memecoin; participants must possess TRUMP tokens in order to secure entry to the event, the Senators said.