Peter Schiff Says Trump Meme Coins Are a Legal Channel for Bribery
2026-07-03 11:17:08
Economist Peter Schiff said President Donald Trump’s TRUMP and MELANIA meme coins function as a legal channel for bribery, arguing buyers pay for access to the president. According to BeInCrypto, Schiff cited events he said Trump held at the White House for the largest TRUMP holders and pointed to steep price declines: TRUMP traded at $1.71, nearly 98% below its January 2025 peak of $73.43, while MELANIA was near $0.078, more than 99% under its $13.05 high. A federal disclosure showed over $1 billion in crypto income for Trump in 2025, including about $636 million in meme coin royalties for CIC Digital and roughly $515 million from World Liberty Financial token sales.
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