The Trump Crypto Scheme: Profits, Power, and Payoffs

We’re exposing how Donald Trump has used the power of the presidency to pad his bottom line, and how regular Americans are paying the price.

Corruption in Plain Sight

Since Day 1 of his second term, Donald Trump has abused the office of the presidency by using it to enrich himself and his family by billions through a web of shadowy cryptocurrency ventures. He’s done it by exploiting the bully pulpit to move crypto markets in his favor and eliminate guardrails against corruption. 

Look at Trump’s track record so far: he disbanded the Justice Department’s crypto enforcement unit; he paused a SEC fraud investigation into a mogul who supported his crypto venture; and then he dropped a major SEC case against crypto giant Binance, after its former CEO partnered with the Trump family. 

Trump’s actions send an unmistakable message that shady and potentially illegal behavior in crypto markets will be tolerated or ignored on this administration’s watch, especially if it means more lucrative deals and partnerships with the President’s family. 

It’s corruption in plain sight – and it’s ballooning Trump’s fortune. An Accountable.US investigation has revealed that up to 73% of Trump’s net worth is from his cryptocurrency ventures. 

While these growing crypto schemes are driven by Donald Trump’s greed, they hold potentially dangerous consequences for the American people. When the president is seemingly willing to take money from anyone in the world–even from investors connected to foreign adversaries—it could put our national security at grave risk. And corporations around the world with hidden agendas now have a vehicle for buying unlimited influence over the White House, which could easily put the interests of American workers up for sale to the highest bidder. 

Moving Crypto Markets With the Stroke of a Pen

Trump has used the presidency to tilt the scales and influence financial markets at a moment’s notice. It’s a maneuver he’s used to boost his own cryptocurrency holdings and benefit billionaires in his circle in key moments this year. 

He has rolled back consumer protections, announced his intention to create a “U.S. Crypto Reserve” that could benefit the Trump family and top White House officials, pushed crypto industry-backed bills – one he already signed – paving the way for more risk in our financial system, and is reportedly eyeing the expansion of crypto into new and potentially risky markets. It should concern every American as Trump plays with fire with their financial future.

Trump’s Crypto Corruption Is Paving the Way for the Next Financial Meltdown

While Trump’s crypto businesses are boosting his own bottom line, he’s jeopardizing the American financial system, with risky and destabilizing policies that are creating a crypto free-for-all.

Experts are sounding the alarm that it may pave the way for the next financial crisis. Crypto markets have already had trillion-dollar collapses, and now that Trump’s industry-backed GENIUS Act has been signed into law, the crypto industry is subject to weaker safeguards than banks or investment companies must adhere to. 

Americans aren’t just getting thrown under the bus by his flailing economic agenda, which is driving prices up right now. The worst may be yet to come, as Trump’s crypto grift could set the stage for the next Wall Street meltdown, jeopardizing millions of jobs and Americans’ retirement security.  

The Time for Action is Now

More than 60% of Americans – including 66% of self-identified Independents – support measures to prevent Trump and his family from using cryptocurrency to benefit themselves. The President and his family have spent the better part of this year seeking ways to enrich themselves, selling off government access and influence to the highest bidder, and peddling opaque and lucrative cryptocurrency deals that generate billions of dollars. When Congress returns to Washington this Fall, it must enact meaningful reforms to put an end to this abuse of power. 

Read our full memo to learn more about how Trump’s crypto cash machine is scamming America.