On November 28th, the Democrats of the US House Judiciary Committee released a report accusing Trump of using the presidency to amass money through cryptocurrencies and make $800 million in the first half of 2025. The report said that the total value of cryptocurrencies and stocks held by the Trump family has reached $11 billion, and the family's wealth has doubled in less than a year. The report also mentioned that foreign powers buy tokens issued by the Trump family for investment or political contributions in exchange for policy preferences and regulatory relaxation.
The examples cited in the report include Trump's amnesty of BitMEX founder Arthurayes and Binance founder CZ, the termination of investigations into several leading crypto companies, the dissolution of the Department of Justice's National Cryptocurrency Enforcement Team, and the repeal of the Biden-era Executive Order to Ensure the Responsible Development of Digital Assets.
Democrats see Trump's pro-cryptocurrency policies as a family self-enrichment scheme involving corruption and foreign interests.
The Democratic report accused Trump of using the crypto market to amass money, making $800 million in the first half of 2025
2025-11-28 11:02:18
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