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The Democratic Party releases a report accusing Trump of rampant corruption through cryptocurrency, making $800 million in profit in the first half of 2025
BlockBeats News, November 28, according to Decrypt, Democratic members of the U.S. House Judiciary Committee released a highly partisan report accusing Trump of using the White House to enrich himself and his family through cryptocurrency. The report alleges that Trump and his family engaged in a "crypto scam" using the presidency to profit $8 billion in the first half of 2025. Currently, the Trump family holds cryptocurrency and stock worth a total of $110 billion, doubling their family wealth in less than a year. Foreign powers made large investments in the Trump family by purchasing tokens issued by them or making political donations in exchange for White House policy favors and regulatory relaxations.
The Democratic report cited specific examples, including Trump's successive pardons of BitMEX founder Arthur Hayes (March 2025) and Binance founder CZ (October 2025), as well as the termination of investigations into several top crypto companies such as Coinbase, Gemini, Robinhood, Ripple, Crypto.com, Uniswap, Yuga Labs, Kraken, the dissolution of the Justice Department's "National Cryptocurrency Enforcement Team," and the repeal of investor protection provisions enacted by the Biden administration's "Ensuring Responsible Development of Digital Assets" executive order.
The Democratic Party's key conclusion was that Trump had turned the "Oval Office into the world's most corrupt cryptocurrency startup," and his so-called "pro-crypto policies" were essentially a self-enrichment scheme for the Trump family, built on "pay-to-play" and corruption involving foreign interests.
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