Peter Schiff: Trump Family Exploits Retail Investors with Cryptocurrency, May Face Numerous Lawsuits

TechFlow news, July 7, Peter Schiff posted that the Trump family profited billions of dollars by selling cryptocurrency and Trump-related company stocks to the public, but their gains did not come from actual value creation, but rather from investors' losses. He pointed out that most victims were inexperienced loyal Trump supporters who mistakenly viewed related products as legitimate investments. Schiff predicted that the Trump Organization will face numerous lawsuits from victims seeking loss recovery, and the Democrats may use this to create political ads to exert public opinion pressure on the Republicans. In addition, Schiff also implied that Trump's recent claim of "having become a big supporter of cryptocurrency" may be related to pressure from his cryptocurrency donors.