In a bold political move, Democratic lawmakers from the U.S. House of Representatives have leveled serious allegations against President Donald Trump, accusing him of transforming the White House into a lucrative enterprise for his family through various cryptocurrency operations. This call for an investigation into potential corruption comes as part of the party’s ongoing efforts to address what they describe as an unprecedented breach of ethical conduct in the highest office.
At the center of this controversy is a recent report from the House Judiciary Committee. Democratic Representative Jamie Raskin has accused Trump of exploiting his position for personal gain, asserting that the presidency has been utilized as a “personal money-making operation.” This assertion follows the revelation that the Trump family’s cryptocurrency holdings are estimated to have skyrocketed to an astonishing $11.6 billion since he assumed office in January 2025, marking a staggering profit of over $800 million from digital asset sales in just the first half of the year.
The detailed 27-page document titled “Trump, Crypto, and a New Age of Corruption” has compiled various media reports supporting these claims. According to an investigation cited in the report, the Trump family’s crypto fortune has surged to over $1 billion, stemming from several digital ventures that have significantly inflated his wealth on paper.
Notably, the report details how the President’s ventures, notably focused around World Liberty Financial’s WLFI token and various memecoins like TRUMP and MELANIA, have contributed sizeable sums to the family’s wealth. The report estimates that these memecoins collectively generated approximately $427 million, while the WLFI token reportedly raised around $550 million, with the USD1 stablecoin recording $2.71 billion in sales.
Raskin did not hold back in his assessment, declaring, “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.” He emphasized the peculiar lack of transparency surrounding the origins of these fortunes, warning that the scale of corruption observed is unlike anything previously witnessed in American politics.
Furthermore, the report suggests that the Trump administration has systematically dismantled regulatory frameworks designed to protect American citizens from financial exploitation. Raskin noted that the President has advanced his personal interests by pardoning individuals involved in crypto fraud while simultaneously advocating for a favorable environment for digital asset investment.
The findings also indicate that the President’s crypto dealings have attracted investments from foreign nationals aiming to gain influence within the Administration. This raises pressing national security concerns, particularly regarding the integrity of financial systems within the U.S.
Just last week, a group of Democratic Senators raised alarms over potential links between World Liberty Financial and illicit activities, having requested investigations from Attorney General Pam Bondi and Treasury Secretary Scott Bessent into token sales associated with sanctioned entities. The Chair of the Judiciary Committee emphasized a need for enhanced safeguards within the cryptocurrency sector to prevent exploitation by bad actors.
As congressional scrutiny intensifies, the Committee’s report underscores the severe weaknesses within existing U.S. regulations governing campaign finance, conflict of interest, and anti-bribery laws. Raskin concluded by stressing the need for Congress to expose what he terms a “dangerous grift” and to uphold the law against those who would seek to undermine it for personal gain.
