In short
- A partisan report from the Home Judiciary Committee Democrats has accused President Trump of utilizing the White Home to complement himself and his household by way of crypto.
- The report alleges that Trump has eliminated client protections, solicited overseas funding and carried out favors for the crypto business, whereas making $800 million from gross sales of his firm’s tokens in H1 2025.
- The report’s main creator, Consultant Jamie Raskin (D-MD), has referred to as on Congress to defend the rule of regulation and expose Trump’s “grift.”
Donald Trump and his household have used the presidency to make a whole lot of tens of millions of {dollars} from “cryptocurrency schemes,” in response to a brand new partisan report from the Home Judiciary Committee Democrats.
Signed by Consultant Jamie Raskin (D-MD), the report makes an attempt to doc how President Trump has doubled his web value because the starting of his 2024 election marketing campaign, primarily by way of the launching of cryptocurrency-related ventures and companies.
Citing investigations by Reuters, the report notes that Trump and his household made $800 million from cryptocurrency gross sales within the first half of 2025 alone, and that the full worth of crypto and shares held by the household now stands at $11 billion.
The Home Judiciary Committee Democrats additionally allege that a lot of this wealth has hyperlinks to overseas nationals and even organized crime, specifically by way of possession of the World Liberty Monetary (WLFI) cryptocurrency.
Addressing publicly recognized buyers in WLFI, the report says, “Essentially the most outstanding instance is Justin Solar, a Chinese language-born crypto billionaire who based the Tron cryptocurrency alternate that has been described as a haven for ‘illicit crypto exercise.’” Whereas Solar is the founding father of Tron, it’s a good contract blockchain fairly than an alternate—although Solar does have hyperlinks to the crypto alternate HTX, billing himself as an “advisor” to the agency.
Crypto business “shopping for entry”
The report additionally means that possession of Trump household tokens has opened up the White Home to exterior affect and lobbying from overseas actors and the cryptocurrency business.
”Overseas actors and company pursuits have been shopping for entry and favors from the President and his Administration by funneling cash into the Trump household’s cryptocurrency ventures and making giant, politically motivated donations,” the report’s press launch states. “In return, these monetary backers have obtained swift returns: regulatory rollbacks, coverage giveaways, and the quiet termination of federal investigations into main gamers within the crypto business.”
These claims come within the wake of President Trump offering pardons for BitMex founder Arthur Hayes in March, and Binance founder Changpeng Zhao in October.
Additionally they come because the World Federation of Exchanges–an business physique representing main inventory exchanges worldwide–has penned a letter to the U.S. Securities and Change Fee urging the regulator to not grant cryptocurrency companies exemptions from rules to be able to provide tokenized shares.
The report additionally notes that the Trump administration has terminated investigations into or circumstances towards a number of main cryptocurrency firms, together with Coinbase, Gemini, Robinhood, Ripple, Crypto.com, Uniswap, Yuga Labs and Kraken.
Associated to this, President Trump has dissolved the Division of Justice’s Nationwide Cryptocurrency Enforcement Crew, whereas additionally repealing investor safety guidelines, such because the Guaranteeing Accountable Growth of Digital Property government order issued by his predecessor, Joe Biden.
For the Home Judiciary Committee Democrats, this far-reaching shift has enabled President Trump and his household “to build up billions of {dollars} in cryptocurrency in lower than a 12 months,” one thing which alerts “obtrusive weak spot” in the USA’ marketing campaign finance programs and its legal guidelines associated to lobbying, conflicts of curiosity and bribery.
Summarising the partisan report, Raskin mentioned that Trump has turned the “Oval Workplace into the world’s most corrupt crypto startup operation,” whereas dismantling rules that defend retail buyers.
“This Report reveals how Trump’s so-called ‘pro-crypto agenda’ is only one extra Trump household self-enrichment plan, constructed on pay-to-play offers and corrupt overseas pursuits searching for secret channels of entry and affect,” he mentioned.
Anti-corruption nonprofits additionally take a robust view of the President’s involvement with cryptocurrencies, with Bartlett Collins Naylor–a monetary coverage advocate at Congress Watch (a division of Public Citizen)–telling Decrypt that it “constitutes the best corruption in presidential historical past.”
“That’s not solely the opinion of Public Citizen, however that of the nation’s main ethics consultants,” he mentioned. “He’s violating not less than three legal guidelines – soliciting a present, accepting presents from overseas leaders, buying and selling presidential favors for cash.”
In response to the actions of Trump and his household, Naylor referred to as for Congress to ban any elected official from buying and selling cryptocurrencies.
This contains creating or sponsoring meme cash, which he describes as “principally a car” for the issuers or sponsors of such tokens to obtain bribes.
He concluded, “Realistically, on this Congress, about the one factor to do is safe a GAO [Government Accountability Office] willpower that meme sponsorship is reward solicitation.”
The White Home has been contacted for remark.
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