Peter Schiff "Trump Memecoin, a Legitimate Bribery Channel to Buy Presidential Access" Criticized

▲ 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, with controversies surrounding TRUMP and MELANIA investment losses escalating into political lobbying suspicions.

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 purchase presidential access. Schiff pointed out that token buyers invested in a structure where they bought Trump's attention and opportunities for contact rather than investment returns. This statement came shortly after federal disclosures revealed Trump's crypto earnings exceeded $1 billion in 2025.

TRUMP remained at a level approximately 98% lower than its January 2025 peak of $73.43, and MELANIA also fell more than 99% from its peak of $13.05. The Wall Street Journal, citing Nansen data, reported that about two-thirds of TRUMP holders are in a loss position. Approximately 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 large TRUMP buyers for purchasing presidential access rather than asset value. He said, “Trump actually held events at the White House where the largest 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 said, “Everyone named Trump is making money, but those who bought these tokens have lost everything in the tokens.”

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 within the administration. With investment losses and political access controversies intertwined, Trump memecoins are moving beyond simple market fluctuations to the center of conflict of interest debates.

[Article Key Summary]

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

-TRUMP has fallen approximately 98% from its peak, and MELANIA has fallen more than 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 investment losses based on it. The content should be interpreted for informational purposes only.*