Peter Schiff "Trump Memecoins, a Legal Bribery Channel to Buy Presidential Access" Criticizes

▲ Donald Trump, Official Trump (TRUMP), MELANIA, Trump Memecoin/AI Generated Image

Peter Schiff has directly targeted the memecoins of the family of former U.S. President Donald Trump, leading to controversies over TRUMP and MELANIA investment losses escalating into allegations of political lobbying.

According to crypto media outlet BeInCrypto on July 3 (local time), Peter Schiff claimed that the Trump family's memecoins function like a legitimate bribery channel to buy presidential access. Schiff pointed out that token buyers invested money into a structure where they were purchasing Trump's attention and opportunities for contact, rather than investment returns. This statement came shortly after the public disclosure of federal filings showing Trump's crypto earnings exceeded $1 billion in 2025.

TRUMP remained at a level approximately 98% lower than its peak of $73.43 in January 2025, and MELANIA also dropped by over 99% from its peak of $13.05. The Wall Street Journal, citing Nansen data, reported that approximately two-thirds of TRUMP holders are in a loss position. Around 85% of investors who bought World Liberty Financial's WLFI tokens in the secondary market are also reportedly in an unrealized loss state.

Schiff criticized that large TRUMP buyers purchased presidential access, not asset value. He stated, “Trump actually held events at the White House that top TRUMP holders could attend,” adding, “It's a structure where you don't need to give money directly to the president; you just buy his tokens. Who would buy such a terrible investment product?”

According to disclosure documents, the 927-page Trump financial disclosure document stated that CIC Digital earned approximately $636 million in memecoin royalties last year. The same document also included approximately $515 million in proceeds from the sale of World Liberty Financial tokens. Schiff commented, “Everyone with the Trump name is making money, but those who bought these tokens have lost everything in them.”

The Trump family's cryptocurrency business is already under scrutiny by the U.S. Congress. Senator Elizabeth Warren and Representative Jake Auchincloss warned in January 2025 that these coins could provide foreign buyers with a channel to gain influence over the administration. As investment losses and political access controversies intertwine, Trump memecoins are moving beyond simple market fluctuations to the center of a conflict of interest debate.

[Key Article Summary]

-Peter Schiff claimed that the Trump family's memecoins function like a legitimate bribery channel to buy presidential access.

-TRUMP dropped by approximately 98% from its peak, and MELANIA by over 99%, with about two-thirds of TRUMP holders reportedly in a loss position.

-Trump's financial disclosure documents included approximately $636 million in memecoin royalties from CIC Digital and approximately $515 million in proceeds from World Liberty Financial token sales.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*