Democrats accuse Trump of crypto corruption in explosive new House report

Jinse Finance reported that a new report released by the top Democrat on the U.S. House Judiciary Committee accuses President Donald Trump of abusing his influence over national crypto policy to benefit himself and his family. The document, published this week by Representative Jamie Raskin, claims that Trump's pro-crypto stance is closely intertwined with his private business interests, which have brought the Trump family "hundreds of millions of dollars" in income during his current term. This minority committee report alleges that Trump is using his position in the White House to promote businesses associated with his family, while allowing his political allies and foreign individuals to gain privileged access and opportunities by investing in crypto enterprises closely linked to Trump. Raskin stated that the scale of this potential conflict of interest is unprecedented. "We still don't know where all the money is coming from, but America has never seen corruption of this scale occurring inside the White House," he said. According to the document, Trump's policy stance is "yet another Trump family self-enrichment scheme, built on pay-for-access deals and corrupt foreign interests seeking secret channels to gain influence." The Democrats currently do not control either chamber of Congress, so the report cannot trigger immediate action. However, it is being released at a politically sensitive moment: crypto legislation is deadlocked in the Senate, while budget negotiations over healthcare and social services are ongoing.