Press Releases
Watchdog: Trump Order Allowing Bitcoin In 401(k) Accounts Likely A Boon to Trump Family, Potential Disaster for Working Families
Washington D.C. — Today, cryptocurrency and Bitcoin prices surged as President Trump was expected to sign an executive order allowing 401(k) accounts to invest in crypto and other alternative assets. A review from government watchdog Accountable.US finds that the order is poised to significantly increase the Trump family’s fortune, with previous estimates indicating that 60% of Trump’s $5.5 billion fortune was tied to cryptocurrency and that crypto interests accounted for at least half of the Trump family empire’s on-paper worth.
“Yet again, President Trump is making moves from the White House that shamelessly open new cash streams for the Trump family while working families could pay the price,” said Accountable.US Executive Director Tony Carrk. “Eerily reminiscent of the risky behavior that gave us the 2008 financial collapse, Donald Trump is ushering in a new era of casino-like speculation on Wall Street with highly volatile crypto trading in retirement accounts. While the Trump family stands to win either way with crypto investment product fees, throwing such a wild card into the financial system with little to no guardrails could lead to history repeating itself – with everyday Americans footing the bill when things inevitably go south.”
- President Trump holds a near-53% stake in Trump Media & Technology Group (TMTG), which experienced dramatic growth in Q2 2025, apparently due to its “Bitcoin Treasury Strategy,” which has raised $2.4 billion in Bitcoin and Bitcoin-related securities.
- TMTG plans to register at least three crypto exchange-traded funds (ETFs) for public listing, including a Bitcoin-focused “Truth Social Bitcoin ETF.” As of July 2025, TMTG’s Bitcoin-related holdings, then $2 billion, accounted for about two-thirds of its liquid assets.
- President Trump’s sons, Donald Trump Jr. and Eric Trump, along with their partners, hold a 20% stake in the Bitcoin mining company American Bitcoin, which plans to go public through an all-stock merger in 2025.
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