Peter Schiff Targets Trump's Crypto Business, Warns of Investor Class Action Lawsuit

▲ Peter Schiff, Donald Trump, Official Trump (TRUMP), Melania (MELANIA)/AI generated image

Bitcoin (BTC) critic Peter Schiff has targeted former U.S. President Donald Trump's cryptocurrency business, going beyond Michael Saylor. He claims that investors who suffered losses from cryptocurrency investments could file lawsuits against the Trump Organization.

According to Yahoo Finance on July 7 (local time), economist Peter Schiff cited losses incurred by investors in cryptocurrency and stock products linked to former President Trump. Schiff argued that the Trump family's profits came from investor losses rather than actual value creation. He stated, “Many buyers anticipated losses, and the purchases were disguised bribes.”

Schiff divided buyers into three categories: those who accepted losses for political access, those who showed support with small purchases, and Trump supporters who expected investment returns. Schiff claimed that the last category is most likely to file lawsuits against the Trump Organization.

Schiff's remarks came after federal financial disclosure documents revealed that former President Trump earned over $1 billion from cryptocurrency-related businesses in 2025. According to the 927-page document, CIC Digital earned approximately $636 million in royalties from meme coins related to Official Trump (TRUMP) and Melania (MELANIA). World Liberty Financial (WLFI) generated approximately $515 million from token sales.

The prices of TRUMP and MELANIA remained near all-time lows. TRUMP fell by approximately 98% from its peak of $73.43 recorded in January 2025. MELANIA also dropped by over 99% compared to its peak of $13.05.

Schiff had previously criticized MicroStrategy Chairman Michael Saylor's recent Bitcoin sale. This time, he argued that among the buyers of Trump-linked cryptocurrencies, the group that expected investment returns could lead lawsuits. He also predicted that the Democratic Party would use extreme cases of damage in political advertisements ahead of the midterm elections.

[Article Key Summary]

-Peter Schiff claimed that lawsuits surrounding investment losses in Trump-linked cryptocurrencies could increase.

-Former President Trump was revealed to have earned over $1 billion from cryptocurrency-related businesses in 2025.

-TRUMP and MELANIA fell by approximately 98% and over 99% respectively from their peaks.

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