Overview
- A 27-page House Judiciary Committee Democrats staff report alleges the Trump family earned more than $800 million from crypto sales in the first half of 2025 through World Liberty Financial, the USD1 stablecoin, and a $TRUMP memecoin.
- The report cites enforcement pullbacks that benefitted donors and investors, including SEC probes paused or dropped involving Ripple, Crypto.com, and Justin Sun, the DOJ’s April shutdown of a crypto task force, new SEC guidance on memecoins, Treasury’s lifting of Tornado Cash sanctions, and an October pardon for Binance founder Changpeng Zhao.
- Foreign influence concerns in the report include an unverified UAE entity’s announced $100 million WLFI purchase and a UAE sovereign fund’s $2 billion Binance investment using USD1, which Democrats say raises emoluments and national-security issues.
- Separate coverage reports roughly $1 billion erased from the Trump family fortune since September as crypto markets fell, with declines hitting WLFI and the $TRUMP token alongside broader digital-asset losses.
- Recent figures include WLFI down about 38% since early September, a $750 million cash sale of tokens to Alt5 Sigma, losses on Trump Media’s bitcoin holdings and CRO position, and a 53% slide in American Bitcoin shares that cut hundreds of millions from Eric Trump’s stake.