Trump Accused of Turning Presidency into Crypto Profit Machine
Summary:
House Judiciary Committee Democrats have released a report accusing former President Donald Trump of leveraging his presidency to profit from cryptocurrency ventures. The report claims the Trump family amassed $11.6 billion in crypto assets and over $800 million from token sales in 2025, while dismantling investor protections. Foreign governments and corporate allies allegedly funneled money into Trump-branded crypto projects in exchange for regulatory favors. Ranking member Jamie Raskin urges Congress to implement reforms to restore accountability and prevent corruption.
What This Means for You:
- Increased Regulatory Scrutiny: Expect tighter regulations on crypto investments to prevent misuse of political influence for personal gain.
- Investment Caution: Be wary of politically tied crypto projects, as they may lack transparency or regulatory oversight.
- Advocacy for Reforms: Support legislative efforts to strengthen ethics and accountability in government-crypto interactions.
- Future Outlook: The crypto industry may face heightened public skepticism and calls for stricter enforcement of financial integrity laws.
Original Post:
House Judiciary Committee Democrats are accusing President Donald Trump of transforming the presidency into a personal cryptocurrency profit machine.
According to a blistering new staff report released by Rep. Jamie Raskin, the committee’s ranking member, Trump and his family have used the Oval Office as a launchpad for a sprawling network of crypto ventures—ballooning their net worth by billions while unraveling safeguards meant to protect everyday investors.
In findings that read like a mash-up of Silicon Valley and House of Cards, the report claims the Trump family amassed as much as $11.6 billion in crypto assets and pocketed more than $800 million in income from token sales in the first half of 2025 alone.
“Donald Trump has turned the Oval Office into the world’s most corrupt crypto startup operation, minting staggering personal fortunes for him and his family in less than a year. Meantime, Trump has been pardoning criminals who commit fraud through crypto and dismantling the regulations that protect legitimate American investors. We don’t know where all the money is coming from yet, but America has never seen corruption on this scale take place inside the White House. This Report shows how Trump’s so-called ‘pro-crypto agenda’ is just one more Trump family self-enrichment plan, built on pay-to-play deals and corrupt foreign interests seeking secret channels of access and influence. Congress must expose this dangerous grift, and defend the rule of law against the profiteers and criminals who would destroy it.”
According to the 78-page report—titled “Trump, Crypto, and a New Age of Corruption”—foreign governments, state-linked investors, and politically aligned corporations allegedly funneled money into Trump-branded crypto ventures such as World Liberty Financial and the $TRUMP memecoin.
The report also claims Trump issued pardons and rolled back sanctions for fraudsters and criminal actors who provided financial backing to his crypto ventures. Meanwhile, the Administration dismantled key financial integrity safeguards, including dissolving the Department of Justice’s National Cryptocurrency Enforcement Team and scrapping investor protection rules introduced under President Biden.
Raskin warned that the findings expose gaping vulnerabilities in U.S. conflict-of-interest, bribery, and campaign finance laws. He urged Congress to pursue sweeping reforms to restore basic ethics, accountability, and transparency to the presidency.
Extra Information:
Read the full House Judiciary Committee report here for a detailed analysis of the alleged corruption. Learn more about cryptocurrency regulations from the SEC’s official website.
People Also Ask About:
- How did Trump profit from cryptocurrency? Trump allegedly used his presidency to promote family-linked crypto ventures and benefited from foreign investments.
- What is the $TRUMP memecoin? It is a cryptocurrency branded under the Trump name, reportedly used to funnel funds to the family.
- What safeguards were dismantled? The Department of Justice’s National Cryptocurrency Enforcement Team and investor protection rules were scrapped.
- What reforms are being proposed? Congress is urged to strengthen ethics, accountability, and transparency in government-crypto interactions.
Expert Opinion:
This case underscores the urgent need for robust regulatory frameworks to prevent misuse of political power in the rapidly evolving cryptocurrency sector. Without such measures, the industry risks losing public trust and becoming a breeding ground for corruption.
Key Terms:
- Trump cryptocurrency corruption
- crypto regulatory reforms
- White House crypto ventures
- Jamie Raskin crypto report
- cryptocurrency investor protections
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