Trump Accused of Crypto-Linked Self-Enrichment Scheme

House Judiciary Democrats accuse former President Trump of exploiting White House power for cryptocurrency enrichment, alleging an $800 million profit in H1 2025 and a cumulative $11 billion in assets.

This report highlights growing scrutiny of political and financial intersections, impacting regulatory dynamics and potential market stability amid ongoing cryptocurrency adoption and policy shifts.

Trump’s Crypto Gains and Policy Controversy

House Democrats released a report accusing former President Donald Trump of using the White House to enrich his family through cryptocurrency activities. The Trump family is said to have profited $800 million from crypto dealings in early 2025, with total wealth doubling to $11 billion. Foreign entities reportedly invested in Trump-issued tokens, possibly influencing favorable policies. As Jamie Raskin, Representative of House Judiciary Democrats remarked, “The White House has become the world’s most corrupt cryptocurrency startup.”

The report mentions the disbanding of critical regulatory teams, including the “National Cryptocurrency Enforcement Team,” and the repeal of investor protection regulations. These actions may lead to substantial implications for the cryptocurrency landscape in the U.S.

Spokesperson Karoline Leavitt denied any wrongdoing, asserting Trump’s policies promote innovation. However, the report’s emphasis on a “pay-to-play” scheme has led to intense debates within and outside the crypto industry.

Regulatory Loopholes and Market Impact Analysis

Did you know? This report’s release coincides with increasing scrutiny over cryptocurrency’s role in politics, reminiscent of past regulatory challenges but on a much larger scale.

According to CoinMarketCap, XRP’s November 29, 2025 stats show a price of $2.18 and a market cap of 131.63 billion. With a 23.32% rise in 24-hour trading volume, XRP has seen fluctuations: up 13.78% over the week, yet down 23.07% in 90 days.

Coincu research analysts suggest that policy decisions linked to Trump’s actions could impact industry regulation and investor confidence. The repeal of regulatory protections may introduce favorable conditions for market growth, but potentially raises concerns over market stability and transparency.