Accountable.US Statement on Supreme Court Rejecting Religious Charter School Case Amidst Justices’ Conflicts of Interest
Congressional Republicans Who Vowed to Not Cut Medicaid, Voted to Cut Medicaid – and Could Benefit From Tax Scam
Sen. Blumenthal, Watchdogs Call Out Trump’s Unprecedented Presidential Corruption Ahead of Crypto Competition Dinner
House Republicans Vote to Cut Medicaid, Food Assistance For Tens of Millions, All to Cut Taxes for the Richest Americans
While You’re Sleeping, House Republicans Plan to Slash Healthcare, SNAP for Millions
Site Menu

Trump Accountability Watch: In Just Over 100 Days, Trump Has Torpedoed U.S. Economy While Making Himself Richer   

 

President Donald Trump has been in office for just over 100 days. In that time, he’s done years’ worth of damage to the United States’ economy and is marching us increasingly closer to a self-created recession. With the help of Elon Musk and allies in Congress, the Trump administration has injected chaos and uncertainty for small businesses and investors, undermined workers’ rights, tanked consumer confidence – bringing it to its lowest level since May 2020, dramatically driven up household costs for ordinary Americans, and gutted essential services taxpayers depend on.

But Trump doesn’t seem to mind. When asked in an interview yesterday about the increasing likelihood of a recession, Trump shrugged it off, suggesting he was “okay” with it. He also argued kids should simply have fewer dolls and pencils as families start to feel the pain from his industry-stunting tariffs, and supply shortages are expected to lead to empty shelves.

It’s no wonder Trump shrugged off the economic disaster his policies are creating for regular families. While families pay the price of his failed agenda, he is benefiting more than ever, as hundreds of millions of dollars seem to be funneled into his pocket through a range of corrupt self-enrichment schemes. 

Last week, a top Trump associate and the founder of Trump’s family crypto firm, Zach Witkoff, revealed that an Abu Dhabi backed fund would be making a $2 billion business deal between MGX and Binance using Trump’s cryptocurrency – a deal in which “virtually every detail […] contained a conflict of interest.” The deal funnels hundreds of millions of dollars directly to Trump, allowing him to profit directly from the presidency. Binance’s founder, Changpeng Zhao, is reportedly seeking a pardon from Trump after pleading guilty to money laundering. 

And next week, in one of his worst abuses of power to date, Trump will host his pay-to-play private gala and meet and greet for top investors in his cryptocurrency venture. Last month, Trump announced his ploy to sell presidential access to the highest bidder, promising that the top 220 investors in his memecoin would have a seat at his upcoming exclusive dinner. Not only is the dinner a nakedly corrupt self-dealing scheme, a recent Accountable.US report found that Chinese crypto billionaire and alleged fraudster Justin Sun is likely the top holder of Trump’s meme coin $TRUMP. Sun’s federal fraud case was paused in February 2025 after he bought $75 million in tokens offered by Trump crypto venture World Liberty Financial Inc.

While Trump, Musk, and their allies in Congress drive up costs for Americans – the chaos, corruption, and conflicts of interest for Trump and his cabinet are piling up: 

  • Senate Republicans advance conflicted Social Security Administration nominee Frank Bisignano who would help Trump and Musk cut Social Security: Last week, Trump’s allies in Congress advanced his Social Security Administrator nominee Frank Bisignano. Bisignano is yet another Wall Street insider appointed to Trump’s billionaire cabinet, who has described himself as “fundamentally a DOGE person” and is known as Mr. Slash-and-Burn for his reputation of slashing and burning companies. His appointment is especially dangerous as Trump and Musk continue their crusade of gutting the Social Security Administration, with cuts that have forced long waits, website crashes, and unanswered calls. 
  • Congressional Republicans fast-track crypto legislation after Big Crypto industry invests in enriching Trump: While Senate Republicans are fast-tracking crypto legislation, which Sen. Warren says will “greenlight the grift,” several Democrats in Congress are calling out the corruption and calling for investigations of Trump’s crypto conflicts. Senate Banking Committee Ranking Member Elizabeth Warren and Sen. Adam Schiff formally requested a federal ethics investigation by the U.S. Office of Government Ethics over the “severe risk that President Trump and other officials may be engaging in ‘pay to play’ corruption by selling presidential access to individuals or entities, to include foreign nationals and corporate actors with vested interests in federal action, while personally enriching the President and his family.” During the House Financial Services Committee markup of the budget reconciliation bill last week, Democratic members railed on Trump’s crypto corruption, offering amendments to stop this abuse of power. Ranking Member Maxine Waters dedicated much of her remarks to building the congressional record on the president’s crypto grift, including the New York Times investigation and the $25 million crypto payment DFW Labs made to Trump’s World Liberty Financial that Accountable.US exposed.

 

ACCOUNTABLE.US IN THE NEWS:

HuffPost: Company Boasts Spending Up To $20 Million On Trump Crypto Coin To Buy Influence: “An international trucking logistics firm is buying as much as $20 million worth of President Donald Trump’s crypto coins to influence the administration’s trade policy — the precise sort of corruption that experts warned Trump was encouraging when he unveiled his venture. […] ‘It’s just another day for Donald Trump that an international freight company is paying a $20 million tribute towards the Trump family fortune after openly wishing it will lead to administration tariff relief,’ said Tony Carrk, executive director of Accountable.us. The watchdog group discovered Freight Technologies’ plan through a social media post bragging about it by GetTrumpMemes.com, the company that sells the Trump coins. […] ‘There’s little doubt this company is expecting some administration policy relief in return for their generous investment in the growing Trump crypto empire,’ Carrk said. ‘It’s an indictment in and of itself that the president has paved the way for so much potential corruption for his own personal gain and at the public expense that few can keep up.’”

 

POLITICO Influence: “The Trump family’s crypto dealings are providing fodder for watchdog groups like the liberal nonprofit Accountable.US, which is calling for a congressional investigation into one such deal involving World Liberty and the controversial Dubai-based firm DWF Labs. In a Friday letter to the heads of the congressional financial services panels and their subcommittees with jurisdiction over digital assets, the group asked for a probe into DWF’s recent purchase of $25 million worth of digital tokens from World Liberty. The Trump administration days later disbanded a DOJ crypto crime unit that had prosecuted market manipulation activity similar to that DWF had been suspected of by the crypto exchange Binance — timing Accountable.US latched onto, asking lawmakers to determine whether the DOJ crypto crimes unit had been investigating DWF before it was shut down.”

 

Wall Street Journal: The MAGA Lobbyists Upending Washington With McDonald’s and Bear Hunting: “Now, as the Trump administration seeks to upend industries across America with tariffs and legal threats, it is also upending the business of lobbying, by rewarding loyalty and making K Street the latest battleground for Trump’s war on elites.  […] Critics say the relationship between Trump’s family, his advisers and the lobbyists who are gaining traction in his second administration is an overly cozy one that presents potential conflicts of interest. ‘So much for ‘draining the swamp,’’ said Tony Carrk, executive director of the watchdog group Accountable.US.”

 

Forbes: Trump Meme Coin Ethics Probe Requested Over Top Investors’ Gala Dinner: “Senators Adam Schiff (D-CA) and Elizabeth Warren (D-MA) have formally requested a federal ethics investigation into President Trump’s offering of private access to investors in the TRUMP meme coin as wallet activity linked to the announcement drove an immediate surge in token value. In a letter dated April 25 to the U.S. Office of Government Ethics, the lawmakers raised legal concerns about the prospect of selling presidential access through digital asset investments. […] Combined with the meme coin’s market performance, these initiatives have attracted attention beyond typical campaign finance issues, drawing criticism from governance watchdogs. Accountable.US described the arrangement to Reuters as a “race to the bottom for presidential grifting.’”

 

RECENT RELEASES FROM ACCOUNTABLE.US:

 

###
back to top