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Reading: House Democrats Call Trump White House the ‘World’s Most Corrupt Crypto Startup Operation’
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Home - Latest Crypto News Today - House Democrats Call Trump White House the ‘World’s Most Corrupt Crypto Startup Operation’

Latest Crypto News Today

House Democrats Call Trump White House the ‘World’s Most Corrupt Crypto Startup Operation’

Hardik Z.
Last updated: November 29, 2025 7:30 am
Hardik Z. - Chief in Editor & Writer
Published: November 29, 2025
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House Democrats Call Trump White House the ‘World’s Most Corrupt Crypto Startup Operation’

An aggregate of $800 million was secured by President Trump and his kin from dispositions of digital currencies during the initial half of the current fiscal cycle, per a recent disclosure.

Contents
  • Crypto Industry Accused of ‘Buying Access
  • Trump pardons and halted crypto probes spark renewed scrutiny

Hundreds of millions of dollars have been accrued by Donald Trump and his immediate relations through the exploitation of the presidency for “digital asset enterprises,” pursuant to a fresh partisan assessment originating from the House Judiciary Committee Democrats.

The disclosure, which was attested by Representative Jamie Raskin (D-MD), endeavors to substantiate the method by which President Trump’s net valuation has been duplicated since the inception of his 2024 electoral pursuit, principally through the inauguration of digital currency-associated undertakings and commercial entities.

Citing enquiries conducted by Reuters, the disclosure observes that $800 million was realized by Trump and his immediate kin from digital currency dispositions in the initial half of 2025 solus, and that the cumulative valuation of crypto holdings and equities currently amounts to $11 billion for the family.

It is additionally asserted by the House Judiciary Committee Democrats that a substantial portion of this affluence possesses connections to international citizens and even transnational crime syndicates, specifically through proprietorship of the World Liberty Financial (WLFI) digital asset.

Publicly identified financiers in WLFI are addressed by the disclosure, which states, “The most conspicuous instance is Justin Sun, a Chinese-native digital asset magnate who established the Tron cryptocurrency network that has been depicted as a sanctuary for ‘unlawful crypto transactions.’” While Sun is the originator of Tron, it is a smart contract ledger rather than an exchange—although Sun does possess ties to the crypto dealings venue HTX, where he is characterized as an “adviser” to the enterprise.

Crypto Industry Accused of ‘Buying Access

Access to the White House, coupled with external lobbying from international agents and the digital asset sector, is likewise suggested by the disclosure to have been facilitated by the possession of Trump family tokens.

“Access and indulgences from the President and his Administration have been acquired by international players and corporate stakeholders through the diversion of funds into the Trump family’s digital asset endeavors and the making of sizable, politically motivated contributions,” is declared by the report’s public announcement. “In exchange, these monetary backers have been afforded immediate recompense: supervision dissolutions, policy concessions, and the hushed termination of federal inquiries into prominent individuals within the crypto sphere.”

Trump pardons and halted crypto probes spark renewed scrutiny

These assertions are subsequent to the granting of clemency by President Trump to BitMex originator Arthur Hayes in March, and to Binance founder Changpeng Zhao in October.

These assertions also surface as the World Federation of Exchanges—an international collective representing principal stock trading floors—has dispatched a missive to the U.S. Securities and Exchange Commission, imploring that the regulatory body not grant dispensations from governance to digital asset firms so that tokenized equities may be offered.

It is additionally observed by the disclosure that investigations into or legal proceedings against numerous prominent digital asset enterprises, comprising Coinbase, Gemini, Robinhood, Ripple, Crypto.com, Uniswap, Yuga Labs, and Kraken, were ceased by the Trump administration.

Related to this, the Department of Justice’s National Cryptocurrency Enforcement Team has been dismantled by President Trump, concomitantly revoking investment defense stipulations, such as the Ensuring Responsible Development of Digital Assets executive mandate that was issued by his precursor, Joe Biden.

For the House Judiciary Committee Democrats, this far-reaching transformation has permitted President Trump and his immediate kin “to accumulate billions of dollars in digital assets in less than a year,” a circumstance which betrays “conspicuous frailty” in the United States’ electoral finance frameworks and its statutes pertaining to solicitation, interest divergences, and inducement.

In synthesizing the partisan disclosure, it was stated by Raskin that the Oval Office had been converted by Trump into the “globe’s most venal digital asset commencement enterprise,” simultaneously undoing stipulations that provide safeguards for individual investors.

“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,” 

he said.

A firm perspective on the Chief Executive’s engagement with digital assets is similarly adopted by anti-graft non-profits, with Bartlett Collins Naylor—a monetary policy proponent at Congress Watch (a subdivision of Public Citizen)—communicating that it “is comprised of the most severe malfeasance in presidential annals.”

“That perspective is espoused not solely by Public Citizen, but equally by the nation’s foremost probity specialists,” was affirmed by him. “He is infringing upon a minimum of three statutes – requesting a gratuity, receiving emoluments from international dignitaries, exchanging presidential prerogatives for remuneration.”

In reaction to the undertakings of Trump and his kin, a call was issued by Naylor for Congress to prohibit any elected functionary from transacting digital currencies.

This encompasses the creation or patronage of commemorative digital assets, which are characterized by him as “fundamentally a conduit” for the originators or endorsers of such tokens to accept illegal payments.

He summarized, “Realistically, in this legislative session, securing a determination by the GAO [Government Accountability Office] that commemorative asset endorsement constitutes gift procurement is approximately the solitary feasible measure.”

Communication has been attempted with the Executive Residence for an official statement.

TAGGED:CryptocryptocurrencyDonald TrumpReport

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ByHardik Z.
Chief in Editor & Writer
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Hardik Z. is a cryptocurrency expert, trader and well-researched journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Hardik authored more than 1,000+ stories for Thecryptoblunt.com, and other fintech media outlets. He’s particularly interested in web3, crypto trends, regulatory trends around the globe that are shaping the future of digital assets, can be contacted at hardik.z@thecryptoblunt.com
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