Did Trump Turn Crypto Into a Corruption Machine? Rep Raskin Report Claims
Rep. Jamie Raskin, the top Democrat on the House Judiciary Committee, has accused former President Donald Trump and his family of leveraging the White House for personal financial gain through cryptocurrency ventures. A staff report dated November 24, 2025, alleges the Trump family amassed over $800 million from crypto sales in the first half of 2025 alone, with total holdings reaching $11.6 billion.
The report, titled "Trump, Crypto, and a New Age of Corruption," claims Trump transformed the Oval Office into a "corrupt crypto startup," blending politics, foreign influence, and financial interests. Raskin warns of unchecked manipulation by wealthy insiders and foreign actors unless Congress intervenes.
Details suggest ties between Trump-linked token issuances and foreign governments, business allies, and criminal networks. The findings underscore growing scrutiny over crypto's role in political corruption and regulatory gaps.
