“The Trump family has made over $5 BILLION in corrupt crypto deals,” said Rep. Greg Casar. “Now Trump is openly bragging that his government won’t investigate cryptocurrency-related crimes.”
Demonstrators hold up mock cryptocurrency during the “America is Not for Sale” rally against President Donald Trump’s crypto dealings at the Trump National Golf Club on May 22, 2025 in Washington, DC.
(Photo by Jemal Countess/Getty Images for Public Citizen)
Brad Reed
Jul 06, 2026
COMMON DREAMS
President Donald Trump on Monday boasted about how lax his administration has been in pursuing investigations into the cryptocurrency industry.
Speaking at the White House, Trump attacked former President Joe Biden’s administration for prosecuting cryptocurrency industry figures for a wide variety of crimes related to money laundering and fraud.
“They were very violently against [the crypto industry],” Trump said. “They were putting people in jail. What they were doing to the crypto world, it was horrible. It’s amazing that it survived that onslaught, it was a weaponization of government.”
Trump then explained how he drew support from the industry by coming out in favor of it during the 2024 presidential campaign, adding that “every time I see a crypto guy where they dropped an investigation, I said, ‘You’re lucky I’m president.’”
During his second term, Trump has not only taken a hands-off approach to the crypto industry, but also pardoned Changpeng Zhao, the founder of cryptocurrency exchange Binance, who pleaded guilty to money-laundering charges in 2023.
This pardon drew allegations of corruption given that Binance has been a major financial booster of World Liberty Financial, the crypto venture backed by the Trump family that has added billions of dollars to their total wealth.
Even as Trump has personally raked in money from selling his own memecoin, many of his supporters who invested in it have lost significant sums of money.
A Sunday report in The New York Times revealed that nearly 1 million people who invested in the Trump memecoin have recorded losses totaling $3.8 billion since its launch in 2025.
As the Times noted, “Trump profited whether the price of his memecoin went up or down” because he “collected returns whenever anyone traded the tokens, as he repeatedly pushed his followers to do, using his Truth Social account to promote the coin.”
Rep. Greg Casar (D-Texas), chair of the Congressional Progressive Caucus, ripped the president for openly boasting about going easy on the industry that he’s personally profiting from.
“The Trump family has made over $5 BILLION in corrupt crypto deals,” Casar wrote in a social media post. “Now Trump is openly bragging that his government won’t investigate cryptocurrency-related crimes. Corruption, plain and simple.”
Stephen Moore stumped on live TV as CNN host rattles off list of Trump corruption
Trump-loving economics expert Stephen Moore (Photo: Screen capture)
Trump-loving economics expert Stephen Moore (Photo: Screen capture)
July 06, 2026
ALTERNET
Far-right economics expert and ally of President Donald Trump Stephen Moore, was momentarily stumped when he went up against CNN host Jim Sciutto on Monday.
As Sciutto reporter, a bombshell report published Monday revealed that investors of Trump's cryptocurrency lost $3.8 billion while Trump raked in profits. It's a 98 percent drop in the value.
Moore acknowledged that losing that much value is certainly not a good thing, but that he knows "people" who have "gotten really, really rich off of crypto." Trump, in particular, made approximately $1.1 billion off of crypto ventures, according to his financial disclosure.
But Sciutto asked about the ethics and allegations of corruption as well. "But what's different about it?" Sciutto asked. "He's not just any other person. He's the president of the United States with an enormous political following. People bought it because of him, right? And if you or I started a meme coin, we wouldn't get that many people to invest and be able to walk away with $500 million in fees. Is that not taking advantage of the office?"
Moore dismissed it, saying that people "wanted to believe in these coins" and that Trump was acting "in good faith." Trump, he claimed, truly believed it would be a "good investment." For him, it was.
That's when Sciutto asked about all of the other ventures that Trump has profited from in the past year.
"Here's the thing, though. If this [were] isolated, you could say it was one bad investment. But you have the president and his sons investing in companies that have government business before them. You have a lot of questions about President Trump making trades prior to or connected to decisions he made that benefit those companies," the host said. "It's not just one bad crypto bet for for the majority of people, it's a question of profiting from the office."
Moore demanded an example, but Sciutto called his bluff. He cited the billion-dollar mining deal in Kazakhstan. The project was being pushed by Trump's administration while his sons were pressing the same project, with the family poised to profit.
It created a glaring conflict of interest as public power was being used to help along a deal that ultimately enriched the president's businesses. The timeline also looks bad, as Trump's sons got involved as it was starting to advance, making it appear that access and influence were being used to help the family profit. Ethics rules and anti-corruption laws are supposed to bar this kind of self-dealing, a TIME analysis explained.
But Moore claimed that Trump had nothing to do with his sons' businesses because he's too busy being president and their companies are a "big industry."
"It's a multibillion-dollar industry. I would separate out what the Trump industries are doing versus what President Trump is doing in the Oval Office," Moore said.
Moore asserted Trump isn't benefiting at all from his presidency.
"He's not he's not using his position to get rich off of these investments these investments, in my opinion," Moore said.
"In your opinion," Sciutto repeated.
The nearly 1,000-page financial disclosure shows that he has increased his wealth by at least $2 billion since taking office.
Far-right economics expert and ally of President Donald Trump Stephen Moore, was momentarily stumped when he went up against CNN host Jim Sciutto on Monday.
As Sciutto reporter, a bombshell report published Monday revealed that investors of Trump's cryptocurrency lost $3.8 billion while Trump raked in profits. It's a 98 percent drop in the value.
Moore acknowledged that losing that much value is certainly not a good thing, but that he knows "people" who have "gotten really, really rich off of crypto." Trump, in particular, made approximately $1.1 billion off of crypto ventures, according to his financial disclosure.
But Sciutto asked about the ethics and allegations of corruption as well. "But what's different about it?" Sciutto asked. "He's not just any other person. He's the president of the United States with an enormous political following. People bought it because of him, right? And if you or I started a meme coin, we wouldn't get that many people to invest and be able to walk away with $500 million in fees. Is that not taking advantage of the office?"
Moore dismissed it, saying that people "wanted to believe in these coins" and that Trump was acting "in good faith." Trump, he claimed, truly believed it would be a "good investment." For him, it was.
That's when Sciutto asked about all of the other ventures that Trump has profited from in the past year.
"Here's the thing, though. If this [were] isolated, you could say it was one bad investment. But you have the president and his sons investing in companies that have government business before them. You have a lot of questions about President Trump making trades prior to or connected to decisions he made that benefit those companies," the host said. "It's not just one bad crypto bet for for the majority of people, it's a question of profiting from the office."
Moore demanded an example, but Sciutto called his bluff. He cited the billion-dollar mining deal in Kazakhstan. The project was being pushed by Trump's administration while his sons were pressing the same project, with the family poised to profit.
It created a glaring conflict of interest as public power was being used to help along a deal that ultimately enriched the president's businesses. The timeline also looks bad, as Trump's sons got involved as it was starting to advance, making it appear that access and influence were being used to help the family profit. Ethics rules and anti-corruption laws are supposed to bar this kind of self-dealing, a TIME analysis explained.
But Moore claimed that Trump had nothing to do with his sons' businesses because he's too busy being president and their companies are a "big industry."
"It's a multibillion-dollar industry. I would separate out what the Trump industries are doing versus what President Trump is doing in the Oval Office," Moore said.
Moore asserted Trump isn't benefiting at all from his presidency.
"He's not he's not using his position to get rich off of these investments these investments, in my opinion," Moore said.
"In your opinion," Sciutto repeated.
The nearly 1,000-page financial disclosure shows that he has increased his wealth by at least $2 billion since taking office.
No comments:
Post a Comment