A brand new employees report from Home Judiciary Committee Democrats accuses President Donald Trump of turning the Oval Workplace right into a crypto startup to counterpoint his household.
Launched earlier this week by Rating Member Rep. Jamie Raskin (D-MD), the report, titled “Trump, Crypto, and a New Age of Corruption”, alleges that Trump’s presidency has advanced into a private wealth-generating machine constructed round cryptocurrency ventures linked to international governments, company allies, and prison actors.
Trump’s Crypto Empire Soars to $11 Billion
It states that Trump expanded his crypto empire throughout and after the 2024 election, producing billions in new wealth. The report cites a Reuters investigation claiming Trump and his household earned $800 million from crypto gross sales within the first half of 2025. Consequently, it estimated the worth of Trump’s crypto ventures, together with World Liberty Monetary and his meme cash, at roughly $11 billion.
It categorically named Justin Solar as one of many main buyers in World Liberty Monetary, referring to him because the proprietor of “illicit crypto change,” Tron. Regardless of this description, Tron is a public blockchain and the underlying community of the USDT stablecoin.
Crypto Donations in Trade for Political Pardons and Decreased Scrutiny
Furthermore, the report alleges that international nationals and state-linked entities invested closely in Trump-linked crypto ventures. Per the report, these buyers acquired swift coverage rewards by means of the shutdown of federal investigations and enforcement actions.
Notably, Ripple, Coinbase, Kraken, Yuga Labs, and Gemini had been talked about as corporations that benefited from lowered scrutiny after donating to Trump’s marketing campaign. It additionally factors to Trump’s pardons of key crypto stakeholders concerned in crypto-related crimes, describing them as rewards for backing his ventures.
The allegations come a number of weeks after Trump pardoned Binance’s co-founder Changpeng Zhao (CZ), who served a four-month jail sentence final 12 months for violating U.S. anti-money laundering (AML) guidelines.
Committee’s Warnings
In the meantime, the report criticizes Trump’s pro-crypto agenda, describing it as one other self-enrichment technique pushed by his household’s crypto pursuits. It additionally alleged that Trump rewarded crypto donors by dismantling federal safeguards, together with the DOJ’s Nationwide Cryptocurrency Enforcement Workforce (NCET).
Past these allegations, the committee warns {that a} president who accumulates huge non-public wealth from influence-seeking crypto actors exposes main authorized weaknesses and vulnerabilities in anti-bribery legal guidelines and in conflict-of-interest legal guidelines.
Due to this fact, the committee urges Congress to behave shortly and move new reforms to revive accountability and integrity to the presidency.
DisClamier: This content material is informational and shouldn’t be thought-about monetary recommendation. The views expressed on this article could embody the writer’s private opinions and don’t replicate The Crypto Fundamental opinion. Readers are inspired to do thorough analysis earlier than making any funding selections. The Crypto Fundamental will not be chargeable for any monetary losses.
