Trump turned White House into a crypto ATM: Raskin

Democrats on the Home Judiciary Committee accuse President Donald Trump of reworking the presidency into a private cryptocurrency revenue machine.

In line with a blistering new workers report launched by Rep. Jamie Raskin, the committee’s rating member, Trump and his household have used the Oval Workplace as a launching pad for a sprawling community of crypto ventures — rising their web value by billions whereas unraveling safeguards meant to guard odd buyers.

In findings that learn like a mash-up of Silicon Valley And Home of playing cardsIn line with the report, the Trump household has amassed a whopping $11.6 billion in crypto property and pocketed greater than $800 million in income from token gross sales within the first half of 2025 alone.

Raskin didn’t mince his phrases within the report:

“Donald Trump has turned the Oval Workplace into the world’s most corrupt crypto startup operation, making him and his household staggering private fortunes in lower than a 12 months. In the meantime, Trump has pardoned criminals committing crypto fraud and dismantled rules that defend reliable American buyers. We do not but know the place all the cash is coming from, however America has by no means seen corruption on this scale happen within the White Home. This report exhibits how the so-called Trump’s ‘pro-crypto agenda’ is working. Only one extra self-enrichment scheme for the Trump household, constructed on pay-to-play offers and corrupt international pursuits searching for secret channels of entry and affect.

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In line with the 78-page report – titled ‘Trump, Crypto, and a New Age of Corruption’ – international governments, state-linked buyers and politically related firms allegedly funneled cash to Trump-branded crypto ventures reminiscent of World Liberty Monetary and the memecoin $TRUMP.

In return, donors are mentioned to have obtained favorable therapy starting from regulatory rollbacks to the quiet halt of federal investigations involving main crypto firms together with Coinbase, Gemini, Ripple, Crypto.com and Uniswap.

The report additionally claims that Trump pardoned and rolled again sanctions on fraudsters and prison actors who supplied monetary help to his crypto ventures. In the meantime, the administration has dismantled key monetary integrity safeguards, together with disbanding the Justice Division’s Nationwide Cryptocurrency Enforcement Staff and scrapping investor safety guidelines put in place underneath President Biden.

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The timing, Democrats say, makes the image even grimmer

Whereas the Trump household reportedly raked in billions, the president and his allies in Congress concurrently allowed the federal authorities to close down, jeopardizing tax breaks for well being care, meals advantages for ladies and kids, and paychecks for active-duty troops.

Raskin warned that the findings expose gaping vulnerabilities in U.S. battle of curiosity, bribery and marketing campaign finance legal guidelines.

This was not a pro-crypto agenda, Raskin argues. The Trump household’s “enrichment scheme” is a pay-to-play scheme for international pursuits searching for “covert channels” of affect.

The report urges Congress to enact sweeping reforms to revive primary ethics, accountability and transparency to the presidency.

Trump and his White Home press secretary, Karoline Leavitt, have lengthy maintained that the Trump household enterprise is totally separate from the goings-on within the Oval Workplace.

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