House Democrats Accuse Trump of Turning the Presidency Into a Crypto Cash Machine
House Judiciary Committee Democrats say former President Donald Trump has turned the White House into a personal crypto business — claiming he and his family made billions while removing key investor protections.
These claims come from a new 78-page staff report released by Rep. Jamie Raskin, the committee’s top Democrat.
What the Report Claims
According to the document, the Trump family allegedly:
- Collected as much as $11.6 billion in crypto assets
- Earned more than $800 million from token sales in the first half of 2025
- Used Trump’s time in office to boost Trump-branded crypto projects
- Benefited from money flowing in from foreign governments and major corporate allies
- Rolled back rules designed to protect everyday crypto investors
The report describes this as a mix of politics, money, and crypto — and says the result was a system that blurred the lines between public office and private profit.
Raskin was blunt in his statement, saying the findings show “a massive self-enrichment plan” that offered foreign players special access in exchange for financial support.
Again, these are Democratic allegations, not established facts.
Foreign Influence and Favored Treatment — According to the Report
The report claims money was funneled into Trump-related crypto ventures, including:
- World Liberty Financial
- The $TRUMP token
In exchange, the report alleges:
- Regulatory rollbacks
- Quiet shutdowns of federal investigations into firms like Coinbase, Gemini, Ripple, Crypto.com, and Uniswap
- Pardons or lighter treatment for crypto-related fraudsters who backed Trump-linked ventures
It also says the Trump Administration shut down important oversight efforts — including dissolving the DOJ’s National Cryptocurrency Enforcement Team and reversing several investor-protection rules from the Biden era.
All of This Happened While the Government Shutdown Was Ongoing
Democrats emphasize the timing:
while the Trump family was allegedly gaining billions, the federal government entered a shutdown that threatened healthcare tax credits, food assistance for families, and even military paychecks.
What Raskin Wants Now
Raskin says these allegations show major gaps in U.S. ethics and campaign-finance rules.
He’s calling for:
- Stronger conflict-of-interest laws
- Better protections against bribery
- More transparency around presidential business dealings
According to the report, this wasn’t a “pro-crypto agenda” — it was an “enrichment plan.”
Trump’s Side
Trump and his press secretary, Karoline Leavitt, deny all wrongdoing.
They say the Trump family business operates separately from the presidency, and they reject the idea that Trump used his position for personal gain.
