A recent congressional report suggests that the Trump administration may have facilitated a significant increase in cryptocurrency wealth for the Trump family, allegedly reaching a staggering $11.6 billion. This report, released by House Judiciary Committee Democrats on November 25, 2025, asserts that the administration generated over $800 million from various crypto ventures in early 2025.
The findings imply that former President Trump leveraged his political position to bolster his family”s interests in the cryptocurrency sector while simultaneously reducing regulatory scrutiny and halting federal investigations into the industry. Representative Jamie Raskin”s report details how foreign investments and regulatory changes enabled the Trump family to amass billions through specific crypto projects.
Key projects mentioned in the report include World Liberty Financial (WLF), the WLFI governance token, the USD1 stablecoin, and the TRUMP meme coin. These initiatives reportedly attracted considerable funding from foreign nationals and entities connected to foreign governments. Notably, the WLFI token sale alone raised $550 million in March 2025, while the USD1 stablecoin achieved a market cap of $2.7 billion. Furthermore, the TRUMP meme coin generated $350 million in trading fees and peaked at a price of $75 before experiencing a decline.
Documents reveal that World Liberty Financial was co-founded by Eric Trump, Donald Trump Jr., and Barron Trump, alongside partners Zach and Andrew Witkoff. Foreign investments included a $30 million stake from Justin Sun, founder of Tron, which later expanded to $75 million, making him the largest shareholder. Other significant backers reportedly included individuals associated with Chinese state-backed entities and the UAE royal family, such as Guren Bobby Zhou, Aqua 1, MGX, and DWF Labs.
The report also outlines a controversial pay-for-access scheme linked to the TRUMP meme coin, which reportedly raised $148 million. High-profile buyers of this token gained access to exclusive White House meetings and golf outings, with several of the winners being foreign nationals. Additionally, the Trump Media & Technology Group disclosed a $2.5 billion bitcoin treasury, further intertwining the family”s financial interests with the crypto landscape.
In terms of regulatory measures, the Trump administration enacted significant changes regarding cryptocurrency oversight. In January 2025, Trump repealed Executive Order 14178, a pivotal Biden-era directive. By March of the same year, a Strategic Crypto Reserve was established, representing a notable shift in governmental policy towards digital assets. In April 2025, the Department of Justice disbanded the National Cryptocurrency Enforcement Team (NCET), effectively dismantling a specialized unit that had been focused on crypto-related enforcement.
The report highlights that lawsuits and regulatory actions initiated by the SEC and DOJ against major cryptocurrency firms with political ties were effectively halted during this period. Benefiting companies reportedly included Coinbase, Gemini, Robinhood, Ripple, Crypto.com, Uniswap, Yuga Labs, and Kraken. Furthermore, a February 2025 SEC ruling determined that meme coins do not qualify as securities, leading to the cessation of regulatory oversight for these digital assets. The administration also pardoned individuals linked to Trump-affiliated crypto projects, including Changpeng Zhao (CZ), founder of Binance.
Investigators voiced concerns regarding potential violations of the Foreign Emoluments Clause, which prohibits federal officials from accepting gifts or payments from foreign governments without congressional approval. The report calls attention to the existing gaps in U.S. anti-corruption, campaign finance, and conflict-of-interest laws, suggesting that these frameworks inadequately address the influence of foreign money in the cryptocurrency sector.
As the investigation unfolds, lawmakers are advocating for urgent congressional reforms to address the unprecedented scale of self-enrichment and foreign influence connected to cryptocurrency ventures. The report raises national security, legal, and ethical issues tied to the influx of foreign capital bypassing anti-corruption measures.
It remains uncertain whether these allegations will lead to new legislation or further investigations, as political discussions around this matter continue to develop.
