He accuses President Donald Trump of turning the White House into a family-run cryptocurrency ATM.
Trump is raking in billions from companies like World Liberty Financial and $TRUMP memecoin while destroying investor protections.
Trump’s Crypto Wealth Rise
The report, “Trump, Crypto, and a New Age of Corruption,” explains how Trump and his family totaled $11.6 billion in crypto holdings and more than $800 million in sales in the first half of 2025 alone. Foreign investors and state-linked entities poured money into these projects, claiming to buy influence through donations and investments.
In return, the administration halted investigations into donors like Coinbase, Gemini, and Ripple, pardoned crypto criminals, and disbanded the DOJ’s National Cryptocurrency Enforcement Team. Raskin called it an unprecedented self-dealing, with Trump shielding his supporters from scrutiny over fraud.
Democrats on the House Judiciary Committee have released a report accusing the Trump administration of using the White House to benefit the Trump family’s crypto projects. The report claims that the family generated approximately $800 million through token issuance in early 2025, with allegations…
-Wu Blockchain (@WuBlockchain) November 28, 2025
Policy changes favor family gains
Take World Liberty Financial for example: foreign nationals funneled funds for favors, raising red flags over the emoluments clause. A concrete example is the $TRUMP memecoin, whose valuation reached $27 billion after its launch, controlled largely by Trump entities. Recent trends show crypto companies increasing their donations, with Ripple pledging $5 million for Trump’s inauguration.
The Trump family’s crypto projects are under scrutiny after a new report from House Democrats.
Rep. Jamie Raskin (D-MD) joins @AnaCabrera to share more details, claiming that Trump has turned the White House into a “profit-making, money-making enterprise.”
– MS NOW Reports (@MSNOW_Reports) November 26, 2025
Credible data from Reuters pegs family crypto earnings at $800 million in six months, amid the repeal of Biden-era rules. This reflects broader industry lobbying victories, such as a new stablecoin law, but Democrats argue it prioritizes personal profit over national security.
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