Democrats Claim President Trump Turned White House Into ‘$800M Crypto Cash Machine’

House Democrats, through a 56-page report by the Judiciary Committee's Democratic staff, accused the Trump administration of turning its pro-crypto posture into a personal profit engine for the Trump family. The report claims the family's crypto ventures generated over $800 million in income in early 2025 and they hold up to $11.6 billion in assets. Democrats point to legislative efforts like the CLARITY Act that would benefit Trump-linked businesses, and highlight that SEC investigations into seven major crypto firms were halted or narrowed after those firms partnered with Trump-connected ventures. Furthermore, the report cites the dissolution of the DOJ's National Cryptocurrency Enforcement Team (NCET) and presidential pardons for figures like Ross Ulbricht and Changpeng Zhao (CZ) as evidence of weakened enforcement that suspiciously aligned with the family's financial interests. While not alleging criminal wrongdoing, Democrats view this overlap as a major constitutional and national-security concern, recommending reforms to ethics, conflict-of-interest, and disclosure laws.

(Source：CCN)