Did Trump Turn Crypto Into a Corruption Machine? Rep Raskin Report Claims

Rep. Jamie Raskin, the highest Democrat on the Home Judiciary Committee, has launched a report accusing President Donald Trump and his household of utilizing the White Home as a “private cash machine.”

The report says Trump has made greater than $800 million in only one month by means of crypto ventures linked to international governments, enterprise allies and even prison teams.

Trump Crypto Corruption Report: $800 Million

In keeping with the Home Judiciary Committee employees report dated November 24, 2025 entitled “Trump, Crypto, and a New Age of Corruption.”

The report claims that Trump’s household made greater than $800 million from cryptocurrency gross sales within the first half of 2025 alone, whereas their household’s whole crypto holdings have reached $11.6 billion.

Rep. Jamie Raskin mentioned Trump “turned the Oval Workplace right into a corrupt crypto startup,” accusing him of blending politics, cash and international affect.

He warns that Congress should take motion earlier than “international actors and rich insiders rewrite the legal guidelines for their very own achieve.”

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International cash, crypto tokens and political favors

Additional studies point out that foreigners and state-backed teams have invested a big sum of money in Trump-linked crypto tasks, similar to World Liberty Monetary (WLFI), MELANIA and the TRUMP token.

In return, the federal government is alleged to have supported selections that favored these buyers, together with shutting down the DOJ’s Nationwide Crypto Enforcement Staff (NCET) in April 2025 and lifting sanctions on Twister Money.

There have been additionally claims that investigations into main crypto corporations similar to Coinbase, Gemini, Ripple and Kraken can be quietly ended.

Just lately, Trump pardoned Binance’s CZ regardless of his cash laundering conviction.

Trump Savior or Crypto Kingpin?

Raskin’s report ends with a warning that Trump’s fast rise to billions by means of crypto in lower than a 12 months reveals main weaknesses in US marketing campaign finance and anti-corruption legal guidelines.

Nevertheless, many bullish crypto merchants see the alternative story. They reward Trump as a frontrunner who liberated the crypto market, helped Bitcoin attain $125,000 and pushed for clearer laws in america.