He accuses President Donald Trump of turning the White House into a family crypto cash machine.
Trump rakes in billions through ventures like World Liberty Financial and $TRUMP memecoin while gutting investor protections
Trump’s Crypto Wealth Surge
The report, “Trump, Crypto, and a New Age of Corruption,” lays out how Trump and his family added up to $11.6 billion in crypto holdings and over $800 million in sales during the first half of 2025 alone. Foreign investors and state-linked entities poured money into these projects, allegedly buying influence through donations and investments.
In return, the administration halted probes into donors like Coinbase, Gemini, and Ripple, issued pardons to crypto-linked criminals, and dissolved the DOJ’s National Cryptocurrency Enforcement Team. Raskin called it unprecedented self-dealing, with Trump shielding his backers from fraud scrutiny.
U.S. House Judiciary Committee Democrats have released a report accusing the Trump administration of using the White House to benefit the Trump family’s crypto ventures. The report claims the family generated around $800 million from token issuances in early 2025, with alleged…
— Wu Blockchain (@WuBlockchain) November 28, 2025
Policy Shifts Favor Family Gains
Take World Liberty Financial: foreign nationals funneled funds seeking favors, raising emoluments clause red flags. A real-world example is the $TRUMP memecoin, which spiked to $27 billion valuation post-launch, controlled largely by Trump entities. Recent trends show crypto firms ramping donations, with Ripple pledging $5 million to Trump’s inauguration.
The Trump family’s crypto ventures are under scrutiny after a new report from House Democrats.
Rep. Jamie Raskin (D-MD) joins @AnaCabrera to share more details, saying Trump has turned the White House into a “money-making for-profit enterprise.”https://t.co/caNW9WVOSy
— MS NOW Reports (@MSNOW_Reports) November 26, 2025
Credible data from Reuters pegs family crypto income at $800 million in six months, amid repealed Biden-era rules. This mirrors broader industry lobbying wins, like a new stablecoin law, but Democrats argue it prioritizes personal profit over national security.
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