Trump-linked crypto loses ground after midterm defeat

November 10, 2026: Cryptocurrency tied to Donald Trump and his family has lost value since Republicans’ midterm defeat, with investors facing further declines as Democrats prepare to take control of both chambers of Congress in January and scrutinize the ventures.

World Liberty Financial’s $WLFI governance token fell to about $1.11, a record low, after Sen. Richard Blumenthal directed the company to preserve records. The token had reached $40 last year. Melania Trump’s MELANIA coin lost nearly half its value after the election and now trades about 99.6% below its peak.

Public Citizen research director Zach Everson had put retail investors’ losses on Trump-related crypto at $4.7 billion before the latest declines. He said the products’ market appeal depended heavily on Trump’s political influence.

Trump’s finances have also taken a hit since the election: Forbes estimates his wealth increase over his second term at roughly $3 billion, despite a roughly $200 million decline since the midterms, mostly tied to Trump Media shares. Trump has reported receiving $57 million through World Liberty Financial, a firm he jointly owns with his sons, and $635 million through the $TRUMP meme token. He has said his sons run the company and rejected calls to halt their business while he is president.

Democrats’ expected inquiries could put World Liberty Financial under renewed scrutiny. Brookings senior fellow Aaron Klein said lawmakers would likely ask what value the ventures offered apart from access to Trump. blumenthal’s records-preservation order has already added pressure on the company.

Trump Crypto Losses Put Family Business Under Scrutiny

November 10, 2026: The steep fall in Trump-family crypto is renewing questions about a business empire connected to a sitting president. After Republicans’ midterm defeat, tokens tied to Trump lost value as Democrats prepared to take control of both chambers in January and promised investigations.

World Liberty Financial’s $WLFI token dropped to about $1.11, down from $40 last year, after Sen. Richard Blumenthal ordered the firm to preserve records. Melania Trump’s coin has fallen about 99.6% from its peak and nearly halved since the election.

Retail investors have borne the losses. Public Citizen research director Zach Everson estimated their losses on Trump-related crypto at $4.7 billion before the latest slide. Trump, meanwhile, has gained about $3 billion during his second term, according to Forbes, even after a roughly $200 million post-election decline, mostly in Trump Media shares.

Trump has reported receiving $57 million through World Liberty Financial, a firm he jointly owns with his sons, and $635 million through the $TRUMP meme token. He has defended his sons’ business activity while he is president. The prospect of congressional scrutiny makes the central question harder to avoid: what value do these ventures offer beyond their connection to presidential power? Brookings senior fellow Aaron Klein expects lawmakers to press World Liberty Financial on that point.

Crypto Selloff Hits Trump Investors as Democrats Threaten Probe

November 10, 2026: Trump-branded crypto has been battered since the midterm results, leaving buyers with steep losses as Democrats prepare to take both chambers of Congress and investigate the family ventures. The political shift has become a source of pressure for an already volatile market.

World Liberty Financial’s $WLFI token fell to about $1.11 from a high of $40 last year after Sen. Richard Blumenthal ordered the firm to preserve records. Melania Trump’s coin lost nearly half its value after the election and sits about 99.6% below its peak.

Public Citizen research director Zach Everson estimated that retail investors had lost $4.7 billion on Trump-related crypto even before the newest declines. The price drop shows how exposed buyers are to the changing political fortunes surrounding these products.

Trump has said his sons run World Liberty Financial and has rejected the idea that they should stop operating it while he is president. He has disclosed $57 million in income from the firm and $635 million from the $TRUMP meme coin. Forbes estimates his second-term gains at about $3 billion, though he lost roughly $200 million after the midterms, mostly through Trump Media shares. With Democrats promising inquiries and Blumenthal’s records order already in place, further scrutiny could add to investor uncertainty.