Crypto Grifto
New Report Exposes the Trump Family’s Multi-Billion-Dollar Crypto Empire, Fueled by Self-Dealing and Corrupt Foreign InterestsNovember 25, 2025
Democratic members House Judiciary Committee, Press Release
Explosive Report Details How Trump is Exploiting the Presidency to Enrich Himself and His Family While Dismantling Anti-Corruption Safeguards and Pardoning Corporate Cronies
Washington, D.C. (November 25, 2025)—Rep. Jamie Raskin, Ranking Member of the House Judiciary Committee, released a new staff report revealing how President Donald Trump and his family have transformed the presidency into a personal money-making operation, adding billions of dollars to his net worth through cryptocurrency schemes entangled with foreign governments, corporate allies, and criminal actors.
“Donald Trump has turned the Oval Office into the world’s most corrupt crypto startup operation, minting staggering personal fortunes for him and his family in less than a year. Meantime, Trump has been pardoning criminals who commit fraud through crypto and dismantling the regulations that protect legitimate American investors. We don’t know where all the money is coming from yet, but America has never seen corruption on this scale take place inside the White House. This Report shows how Trump’s so-called ‘pro-crypto agenda’ is just one more Trump family self-enrichment plan, built on pay-to-play deals and corrupt foreign interests seeking secret channels of access and influence,” said Ranking Member Raskin. “Congress must expose this dangerous grift, and defend the rule of law against the profiteers and criminals who would destroy it.”
The report, “Trump, Crypto, and a New Age of Corruption,” documents how the President has used his office to enrich himself and his family—with crypto holdings worth as much as $11.6 billion and income of more than $800 million from the sale of crypto assets in the first half of 2025 alone—while dismantling federal oversight and safeguards that once protected Americans from fraud, scams, and financial exploitation.
Foreign actors and corporate interests have been buying access and favors from the President and his Administration by funneling money into the Trump family’s cryptocurrency ventures and making large, politically motivated donations. In return, these financial backers have received swift returns: regulatory rollbacks, policy giveaways, and the quiet termination of federal investigations into major players in the crypto industry.
The report presents extensive evidence of presidential self-dealing, foreign influence, and obstruction of justice, revealing how the Trump Administration’s crypto policies were designed to advance Trump and his family’s personal financial interests at the expense of the law, ethics, and national security. Key findings include:
* President Trump and his family have earned hundreds of millions of dollars and added billions to their net worth through a network of cryptocurrency ventures launched during and after the 2024 campaign, including World Liberty Financial and the $TRUMP memecoin.
* The Trump family’s crypto ventures have attracted substantial investmentsfrom foreign nationals and state-linked entities seeking to curry favor with the Administration—raising severe constitutional, ethical, and national security concerns.
* The Trump Administration has intervened to halt or terminate federal investigations and enforcement actions involving multiple cryptocurrency firms that have donated to the President or invested in his companies, including Coinbase, Gemini, Robinhood, Ripple, Crypto.com, Uniswap, Yuga Labs, and Kraken.
* Trump has issued pardons and rolled back sanctions for known bad actors that have provided financial support to his ventures.
* The Administration has systematically dismantled anti-corruption and financial integrity safeguards, including dissolving the Department of Justice’s (DOJ) National Cryptocurrency Enforcement Team (NCET), and repealing investor protection rules adopted during the Biden Administration—moves that have directly advanced the President’s personal financial interests.
President Trump and his family kept lining their pockets while he and his allies in Congress closed down the federal government—refusing to extend tax credits to make healthcare affordable for American families, putting continued food benefits for women and children in doubt, and placing active-duty military personnel in danger of missing their next paycheck.
The Committee’s report warns that Trump’s ability to accumulate billions of dollars through his family’s cryptocurrency ventures in less than a year exposes severe weaknesses in the nation’s campaign finance, conflict-of-interest, and anti-bribery laws, and underscores the urgent need for congressional reforms to restore accountability and integrity to the presidency.
Source: https://democrats-judiciary.house.gov/media-center/press-releases/new-report-exposes-the-trump-family-s-multi-billion-dollar-crypto-empire-fueled-by-self-dealing-and-corrupt-foreign-interests
More Perfect Union does the job Corporate McPravda should be doing:
And people wonder why Trump is pee-resident. The crook makes the crooks richer.
= new reply since forum marked as read
"These people are not pouring money into coffers of the Trump family business because of the brothers’ acumen. They are doing it because they want freedom from legal constraints and impunity that only the president can deliver." -- Kathleen Clark, law professor at Washington University
Inside the Trump family’s global crypto cash machine
The U.S. president’s family raked in more than $800 million from sales of crypto assets in the first half of 2025 alone, a Reuters examination found, on top of potentially billions more in unrealized “on paper” gains. Much of that cash has come from foreign sources as Donald Trump's sons have touted their business on an international investor roadshow.
by David Gauthier-Villars, Tom Bergin, Michelle Conlin, Lawrence Delevingne and Tom Wilson
October 28, 2025, Reuters
DUBAI - Eric Trump was in Dubai on family business. Meeting with a Chinese businessman and his associates on the sidelines of a cryptocurrency conference in May this year, the son of U.S. President Donald J. Trump ran through his usual talking points about the inefficiency of traditional banks and his own famous father’s run-ins with financiers.
Then came the pitch. Buy at least $20 million of “governance tokens” in the Trump family’s crypto business, World Liberty Financial, and become part of a venture that Eric Trump predicted would soon embody the future of finance in America, according to a person familiar with the meeting.
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The jump in the Trumps’ income represents “a massive pivot” for the family business, said Carter Davis, an assistant professor of finance at The Ohio State University who has studied cryptocurrency pricing and who reviewed the Reuters calculations. “Even if you go through and you do the most conservative estimate…it's pretty wild that you end up with such a huge fraction of the income coming from crypto.
‘LEGAL BUT UNETHICAL’
The identities of most buyers of the WLFI tokens are hidden behind opaque “wallet” addresses – the unique identifiers investors use as keys to access and manage their holdings. Among the few major buyers whose identities are known – a mix of foreign and U.S. investors – most have histories of legal and regulatory entanglements related to their business endeavors. And as the Trump brothers’ travels over the past year show, foreign investors have been a major target for token sales.
Reuters interviewed half a dozen foreign crypto entrepreneurs who met with the Trump brothers. Five of them said they sought out the younger Trumps for business opportunities because of their proximity to the 79-year-old president and hopes of cashing in on his political and financial power.
For many other investors, the Trumps' involvement signaled a chance to capitalize on the family’s name. Dorji Rabten’s Seoul-based venture investment firm, Oddiyana Ventures, bought an undisclosed amount of WLFI tokens in January. Rabten said he never met the Trump sons, but the family's involvement was central to his investment. "In the first very moment where we saw the project, we thought it's going to be very huge, obviously, given the fact it's a president's sons taking up that project," Rabten told Reuters in September.
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https://www.reuters.com/investigations/inside-trump-familys-global-crypto-cash-machine-2025-10-28/
You know how the used car lots with the crappiest cars flies the biggest American flag on the street? Same thing.
"...just enough to wet my beak a little."
Trump and special envoy Witkoff stand to reap rewards from official business
Crypto venture with Abu Dhabi could enrich pair with millions – and Democrats say ethics conflict is ‘plain as day’
Doyle McManus
The Guardian, May 30, 2025
Excerpt...
Thanks to Abu Dhabi’s purchase of their “stablecoin”, the Trumps and Witkoffs will collect hefty fees and could reap hundreds of millions of dollars in interest payments.
The deal isn’t as headline-grabbing as Qatar’s plane, but it’s a lot more valuable. It was the biggest single purchase of World Liberty’s cryptocoins yet – an immense injection of revenue into Trump’s most lucrative personal money-making scheme.
None of this is normal. Presidents don’t usually maintain private businesses that sell investment vehicles to foreign leaders who seek favor with the United States. Nor do they appoint their private business partners as diplomatic envoys to negotiate with the same leaders over war and peace.
But Trump and Witkoff have found a vastly rewarding way to straddle the line between public service and private profit.
Abu Dhabi is the wealthiest and most powerful member of the United Arab Emirates, an oil-rich federation of seven Persian Gulf emirates. After Abu Dhabi invested $2bn in the Trump-Witkoff stablecoin, Trump agreed to allow the UAE to buy more advanced AI semiconductors from American companies. “It’s a very big contract,” the president observed.
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https://www.theguardian.com/us-news/2025/may/30/trump-steve-witkoff-envoy
Trump thinks he's General Motors: "What's good for GM is good for the United States of America." Wetting one's beak with 2-percent of a 2 billion dollars is (checking calculator) $40 million dollars -- just for the purchase of crypto grifto from World Liberty Financial.
This is the guy who sold out America by advising Putin how to approach Trumpski re Ukraine. He also travels on the taxpayers' expense to fill up Trump's virtual and offshore pockets via World Liberty Financial, as well as his own, of course.
Anatomy of Two Giant Deals: The U.A.E. Got Chips. The Trump Team Got Crypto Riches.
A lucrative transaction involving the Trump family’s cryptocurrency firm and an agreement giving the Emiratis access to A.I. chips were connected in ways that have not been previously reported.
By Eric LiptonDavid Yaffe-BellanyBradley HopeTripp Mickle and Paul Mozur
Reporting from Washington, New York, London, Dubai, San Francisco and Taiwan
The New York Times, September 15, 2025
This summer, Steve Witkoff, President Trump’s Middle East envoy, paid a visit to the coast of Sardinia, a stretch of the Mediterranean Sea crowded with super yachts.
On one of those extravagant vessels, Mr. Witkoff sat down with a member of the ultrarich ruling family of the United Arab Emirates. He was meeting Sheikh Tahnoon bin Zayed Al Nahyan, a trim figure in dark glasses who controls $1.5 trillion of the Emiratis’ sovereign wealth.
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Over the past few months, Mr. Witkoff and Sheikh Tahnoon had become both diplomatic allies and business partners, testing the limits of ethics rules while enriching the president, his family and his inner circle, according to an investigation by The New York Times.
At the heart of their relationship are two multibillion-dollar deals. One involved a crypto company founded by the Witkoff and the Trump families that benefited both financially. The other involved a sale of valuable computer chips that benefited the Emirates economically.
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In May, Mr. Witkoff’s son Zach announced the first of the deals at a conference in Dubai. One of Sheikh Tahnoon’s investment firms would deposit $2 billion into World Liberty Financial, a cryptocurrency start-up founded by the Witkoffs and Trumps.
Two weeks later, the White House agreed to allow the U.A.E. access to hundreds of thousands of the world’s most advanced and scarce computer chips, a crucial tool in the high-stakes race to dominate artificial intelligence. Many of the chips would go to G42, a sprawling technology firm controlled by Sheikh Tahnoon, despite national security concerns that the chips could be shared with China.
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https://www.nytimes.com/2025/09/15/us/politics/trump-uae-chips-witkoff-world-liberty.html
