Donald Trump is back in the spotlight, but this time it’s his cryptocurrency ventures making headlines for all the wrong reasons. Digital assets directly tied to or promoted by the US President are taking a massive nosedive. As prices hit record lows, frustrated crypto investors and Democratic lawmakers alike are calling out the projects, tossing around heavy accusations of political corruption and predatory scams.
The Dramatic Freefall of TRUMP and WLFI Tokens
The numbers paint a grim picture for anyone holding Trump-backed crypto. The Official Trump token (TRUMP), a memecoin heavily promoted by the president, plummeted to an all-time low of roughly $2.73 in March 2026. To put that in perspective, the token is down about 90% from its massive peak of over $73 in January 2025, currently hovering around $2.86.
The financial bleeding doesn’t stop with memecoins. World Liberty Financial (WLFI), a decentralized finance (DeFi) platform co-founded by Trump’s sons, is experiencing its own collapse. Over the weekend, the platform’s governance token crashed to an all-time low of just $0.07. That marks a brutal 75% drop from its $0.31 high reached in September 2025.
Industry experts are not holding back their frustration. Professor Tonya Evans pointed out that while the crypto space has seen its share of disastrous figures like Sam Bankman-Fried, this situation feels uniquely exploitative. She criticized the pattern of leaders surrounding themselves with sycophants, siphoning value from investors, and allowing ventures to go bankrupt without facing any real consequences.
An Exclusive Gala Sparks Lawmaker Backlash
Adding fuel to the fire is an upcoming gala scheduled for April 25, an event thrown exclusively for TRUMP token holders. This move has set off major alarm bells on Capitol Hill. Democratic lawmakers are accusing the president of blatant influence peddling, arguing that he is essentially selling direct access to himself through a crypto paywall.
Prominent Senators Elizabeth Warren, Richard Blumenthal, and Adam Schiff have officially stepped in. The lawmakers sent a joint letter to Bill Zanker, the creator of the TRUMP memecoin, demanding clear answers regarding the true purpose of the April event.
According to the lawmakers, the event’s organizers are inappropriately dangling presidential access as a marketing gimmick to pump token sales. Because attendees are forced to hold TRUMP tokens just to get through the door, the senators have raised serious concerns that Trump and his family stand to personally profit from the artificially driven demand.
