Trump’s Crypto Boom: Democrats Report Billions in Family Profits and Power Moves
Quick Facts Summary
- The House Democrats put out a 40-page report saying that President Trump and his family made billions of dollars from crypto businesses while he was in office.
- World Liberty Financial (WLF) and the $TRUMP memecoin are two of the most important businesses, with sales of over $800 million in early 2025.
- The report says that Trump’s policy changes, like deregulating crypto, helped donors and friends, who got pardons and investigations stopped.
President Donald Trump used to call cryptocurrencies a “scam” and speak out against them. But since he was re-elected in 2024, he has changed his mind. Democratic staff on the House Judiciary Committee have released a new report that says this change is part of a huge scheme to make money for themselves. The document, which came out on November 24, 2025, says that Trump’s family has made billions of dollars through crypto ties. It calls this a “new age of corruption” that uses political power for personal gain.
The change started during Trump’s campaign, when he said he would make it easier to use digital assets. At the same time, crypto companies made large donations and invested in projects linked to the family. “President Trump and his family have been pocketing billions of dollars through corruption of unprecedented scale,” the report says.
Trump’s investments in cryptocurrency have grown to as much as $11.6 billion. The family sold $550 million in $WLFI tokens through World Liberty Financial, which started after the election. They made $463 million directly from this, and their total holdings were worth $5 billion.
The $TRUMP memecoin, which started just before the inauguration, made $427 million for the family and $350 million in trading fees for partners. But it crashed hard, costing everyday investors $4.3 billion. The report says these setups let people pay without revealing their identity, which goes against normal anti-bribery laws.
The Trump Media & Technology Group, which is connected to Truth Social, also got involved and raised $2.5 billion to buy bitcoin and other things. This move was in line with Trump’s push for a national crypto reserve that would include tokens from big donors like Ripple and Solana.
The report brings attention to a number of deals that raise red flags. On October 23, 2025, Changpeng “CZ” Zhao, the founder of Binance, was pardoned. Zhao, who confessed to money laundering in 2023, got away with it because his exchange promoted WLF, which made Trump hundreds of millions of dollars.
Justin Sun, the creator of Tron who is being sued by the SEC, put $75 million into $WLFI and more than $100 million into $TRUMP.
After the election, the SEC stopped its case against him. Also, Aqua 1 Foundation gave $100 million, which is connected to Chinese money laundering investigations.
A huge $2 billion from the UAE went into WLF’s USD1 stablecoin through Binance. This had to do with AI chip deals that were good for Emirati leaders, which led to the firing of U.S. national security staff who were against it.
The report quotes worries: “These deals make it possible for foreign governments, criminals, and businesses to make secret payments for favors, pardons, contracts, or jobs.”
Even a VIP dinner with Trump brought in $148 million in crypto bids, with a Chinese Communist Party affiliate being one of the biggest holders. A Russian with a history of fraud runs DWF Labs, which gave $25 million.
Check official source:https://democrats-judiciary.house.gov/sites/evo-subsites/democrats-judiciary.house.gov/files/evo-media-document/2025-11-24.hjc-dem-staff-report-trump-crypto-corruption-small_0.pdf
