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05/06/2025

Trump Under Investigation Over Crypto Empire: Did He Pocket Hundreds of Millions in His First 100 Days Back in the White House?

Washington, D.C. – Former U.S. President Donald Trump is facing a new Senate investigation after ethics watchdog groups and Democratic lawmakers accused him of exploiting the presidency for personal financial gain through cryptocurrency ventures and private business dealings. Since returning to office, Trump and entities connected to him are alleged to have pulled in over $300 million, the bulk of it from the $TRUMP meme coin and the World Liberty Financial ($WLFI) project. According to experts, those profits stem from transaction fees,

Trump Under Investigation Over Crypto Empire: Did He Pocket Hundreds of Millions in His First 100 Days Back in the White House?

Washington, D.C. – Former U.S. President Donald Trump is facing a new Senate investigation after ethics watchdog groups and Democratic lawmakers accused him of exploiting the presidency for personal financial gain through cryptocurrency ventures and private business dealings.

Since returning to office, Trump and entities connected to him are alleged to have pulled in over $300 million, the bulk of it from the $TRUMP meme coin and the World Liberty Financial ($WLFI) project. According to experts, those profits stem from transaction fees, market price manipulation, and the hosting of exclusive VIP events for major investors — including private dinners with Trump himself.

The Token That Bears His Name: Massive Profits and Serious Ethics Questions

$TRUMP is marketed as "the only official meme coin of President Donald J. Trump," yet according to its own website disclaimer it serves no clear financial purpose. That hasn't stopped its value from surging within months of launch, generating millions of dollars in transaction fees for companies controlled by the Trump family.

Trump has not denied launching the token — he even joked about it: "I hear it's doing very well. What's it worth now?"

The Senate Steps In: Foreign Influence and National Security Concerns

Senator Richard Blumenthal (D-CT) has announced an investigation into Trump's cryptocurrency revenue streams, warning that the opacity of these transactions could allow foreign governments to effectively "buy influence" over the U.S. President.

One deal drawing particular scrutiny involves an Abu Dhabi-based firm using the USD1 stablecoin issued by World Liberty Financial — a company with close ties to Trump — to invest $2 billion into Binance. Additionally, Chinese entrepreneur Justin Sun, who faces SEC fraud charges, reportedly appears on the $TRUMP VIP investor list.

"President for Profit" and the Risk of Breaking Every Ethical Norm

The watchdog group CREW called it "one of the most brazen abuses of presidential power in American history." Legal experts note that no president has ever simultaneously run a country while selling tokens, sneakers, NFTs, and Bibles bearing his own name.

Trump had promised to hand over control of his assets to his children upon taking office, but ethics watchdogs say that falls far short of eliminating conflicts of interest. A prime example: VIP dinner events open only to the largest $TRUMP holders — a practice widely described as "buying political access."

Financial Disclosure Deadline Approaching

Under federal rules, Trump must file his financial disclosure with the Office of Government Ethics by mid-May. Democratic lawmakers are pushing for a comprehensive investigation to determine how far his cryptocurrency investments have shaped White House policy.

Meanwhile, spokespeople for Trump and World Liberty Financial have denied all allegations, insisting their companies are "politically unaffiliated" and "in full compliance with the law."