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Trump and his family has allegedly made $800M on crypto in the first half of the year.
A new congressional report outlines allegations that the presidency has been leveraged to generate extraordinary private wealth.
The document, released by House Judiciary Committee Democrats, suggests that a sweeping network of cryptocurrency deals formed the backbone of a rapid financial windfall.
The report centers on what investigators describe as an unprecedented overlap between public authority and private enrichment.
Lawmakers say the financial activity intensified as digital-asset policies were rewritten inside the federal government.
A new pattern
According to the Democratic staff report, Rep. Jamie Raskin said the presidency “minted staggering personal fortunes” for Donald Trump and his family.
He argued that the administration’s crypto agenda appeared crafted to serve insiders, claiming, “America has never seen corruption on this scale take place inside the White House.”
The 2025 analysis, titled “Trump, Crypto, and a New Age of Corruption,” asserts that the Trump family’s digital-asset holdings may be worth as much as $11.6 billion.
Staff further estimate more than $800 million in income from crypto-asset sales during the first half of the year.
Raskin contended that regulators were pushed aside while friendly firms benefited.
“Congress must expose this dangerous grift,” he said, portraying the business network as a threat to public trust.
Foreign influence alleged
Committee staff say the inquiry uncovered examples of foreign-linked investors channeling large sums into Trump-associated cryptocurrency projects.
The report argues these investors sought proximity to federal decision-making, raising constitutional and national-security concerns.
Researchers identified ventures such as World Liberty Financial and the $TRUMP memecoin as core vehicles for the family’s rapid financial growth.
According to the report, some of these projects drew backing from overseas figures with political or commercial goals tied to U.S. policy outcomes.
The document further claims that donors and corporate partners received “swift returns,” including regulatory changes and the quiet dismissal of investigations involving some of the country’s largest crypto firms.
Oversight rolled back
Democratic investigators say the administration intervened in or halted enforcement actions concerning several digital-asset companies that provided political support or invested in Trump-branded ventures.
The list includes Coinbase, Gemini, Robinhood, Ripple, Crypto.com, Uniswap, Yuga Labs, and Kraken.
The report also accuses the administration of granting pardons and relaxing sanctions for individuals linked to financial misconduct who had supported Trump’s interests.
Staff describe a systematic push to dismantle protections, including dissolving the Department of Justice’s National Cryptocurrency Enforcement Team and reversing investor-protection rules adopted under the Biden administration.
Lawmakers argue these changes left American consumers exposed while advancing the president’s personal finances.
Broader fallout
The committee notes that the financial activity unfolded as Congress faced repeated funding standoffs.
Investigators argue the administration prioritized crypto-related profits while essential programs—including healthcare subsidies, food assistance, and military pay guarantees—were at risk during government shutdown disputes.
Democratic staff conclude that the scale of wealth accumulated in under a year highlights vulnerabilities in campaign-finance and anti-corruption safeguards.
The report calls for new legislation to reinforce ethical boundaries and prevent similar conflicts in future administrations.
You can read the report here (opens new tab).
Sources: U.S. House Judiciary Committee Democratic Staff.
