Home Judiciary Committee Democrats launched a report Monday accusing the Trump administration of utilizing presidential powers to profit the Trump household’s cryptocurrency ventures, alleging they generated round $800 million from token gross sales in early 2025.
The 60-page report titled “Trump, Crypto, and a New Age of Corruption” alleges the President reworked his workplace into what Rating Member Jamie Raskin described as “the world’s most corrupt crypto startup operation.”
In keeping with the doc, Trump household crypto holdings might attain $11.6 billion, although exact valuations stay tough to find out given market volatility.
Report Particulars International Funding Considerations
Democrats spotlight what they describe as questionable overseas investments in World Liberty Monetary’s $WLFI governance token.
In keeping with the report, Chinese language-born crypto billionaire Justin Solar invested $75 million in WLFI whereas dealing with SEC scrutiny. The company later requested to remain its enforcement motion, citing “public curiosity.“
One other investor, Aqua 1 Basis, reportedly bought $100 million in WLFI tokens. Congressional investigators say they discovered no Emirati public information confirming the fund’s company existence.
The report identifies the fund’s management as together with Guren “Bobby” Zhou, allegedly beneath investigation in Britain for cash laundering, and Dave Lee, who the report suggests could also be linked to China Nationwide Petroleum Company.
The allegations additionally touched on the timing of state-backed Emirati agency MGX’s announcement that it might make investments $2 billion in Binance utilizing World Liberty’s USD1 stablecoin.
They observe that this deal emerged because the UAE negotiated for American AI chips, and that Trump subsequently dismissed six Nationwide Safety Council officers who opposed the association.
Enforcement Adjustments Comply with Trade Donations
The report claims the administration dismantled crypto enforcement mechanisms whereas ending investigations towards firms that donated to Trump’s marketing campaign.
In keeping with Democrats, the Justice Division dissolved its Nationwide Cryptocurrency Enforcement Staff, which had dealt with main crypto crime instances.
The SEC closed investigations into Coinbase, Gemini, Robinhood, Ripple, Crypto.com, Uniswap, Yuga Labs, and Kraken, firms the report identifies as Trump donors or enterprise companions.
When Ripple and Solana had been included in Trump’s proposed crypto reserve, their token costs rose by 33% and 25%, respectively, in keeping with market information.
In October, Trump pardoned Binance founder Changpeng Zhao, who pleaded responsible to cash laundering in 2023 as a part of Binance’s $4.3 billion settlement with the DOJ.
The report alleges the pardon got here after Zhao and Binance supported World Liberty Monetary.
Token Efficiency Reveals Blended Outcomes
In keeping with the report, WLFI initially raised solely $2.7 million from 348 buyers at launch. Following Trump’s election victory, the token reportedly surged over 2000%, producing $550 million from roughly 85,000 buyers.
The report states that buying and selling debut on main exchanges in September valued the Trump household’s WLFI stake at over $6 billion.
The $TRUMP memecoin, launched days earlier than the inauguration, allegedly generated $350 million in buying and selling charges.
Market information exhibits the token peaked at $75 earlier than dropping almost two-thirds of its worth over the following week.
In keeping with the report, whereas 45 crypto wallets cleared $1.2 billion in income, over 712,000 wallets collectively misplaced $4.3 billion.
Trump hosted a dinner for the highest 220 WLFI holders, with the report estimating the typical value at over $1 million.
Democrats declare greater than half the attendees had been possible overseas people, together with He Tianying, recognized as a member of China’s Political Consultative Convention.
In keeping with Monetary Instances estimates cited within the report, World Liberty earned round $42 million from its USD1 stablecoin, which grew from $128 million to just about $2.7 billion in market capitalization.
The report alleges Binance helped develop USD1’s underlying know-how.
Democratic lawmakers warn within the report that Trump’s reported potential to build up billions by means of cryptocurrency exposes weaknesses in marketing campaign finance and anti-bribery legal guidelines.
They cite polling suggesting that 60% of People haven’t heard that the President’s household runs a crypto enterprise.
The Trump household’s wealth ballooned by $6B after $WLFI, their flagship crypto token, made its debut on main exchanges and opened for buying and selling.#TrumpFamily #WLFI https://t.co/IcK4AYdI4D
— Cryptonews.com (@cryptonews) September 2, 2025
Cryptonews beforehand reported in September that the Trump household’s paper fortune surged by as a lot as $6 billion when WLFI started buying and selling on main exchanges, with early buyers seeing 15x positive factors.
Monetary Instances estimated in October that the Trump household’s crypto ventures generated round $1 billion in pre-tax positive factors over the previous 12 months.
The put up White Home Used for Trump Household Crypto Positive aspects, Democrats Declare in New Report appeared first on Cryptonews.