#crypto-com

2 entries with this tag

Corruption & Grift

Trump Bragged from the Oval Office That He Dropped Crypto Investigations — "You're Lucky I'm President!" — While His Financial Disclosure Shows He Made $1.4 Billion from Crypto, His Memecoin Lost Investors $3.8 Billion, He Pardoned the Binance Founder Who Pleaded Guilty to Money Laundering, and His SEC Chair Dropped Cases Against Companies That Donated to His Inauguration

President Trump told cryptocurrency figures from the Oval Office: "Every time I see a crypto guy where they dropped an investigation, I said, 'You're lucky I'm president!'" His 2025 financial disclosure, filed days earlier, shows he made $1.4 billion from crypto — $636 million from the $TRUMP memecoin and nearly $800 million from World Liberty Financial, a venture he co-founded with his sons. Meanwhile, nearly one million investors who bought the $TRUMP memecoin lost a combined $3.81 billion as the token crashed 97% from its peak. Trump profited whether the price went up or down — he collected returns whenever anyone traded the tokens, which he promoted on Truth Social. His SEC chair Paul Atkins — who holds $6 million in personal crypto assets — dropped or dismissed at least a dozen crypto enforcement cases, including meritorious litigation against Binance, Coinbase, and Kraken. Crypto-related enforcement fell 60%. Trump pardoned Changpeng Zhao, the Binance founder who pleaded guilty to money laundering in 2023. Binance then deployed engineers to build World Liberty Financial's stablecoin and holds 86% of all USD1 tokens. Companies whose cases were dropped — Coinbase, Kraken, Ripple, Robinhood, Crypto.com — had each donated at least $1 million to Trump's inauguration. At the 2025 memecoin gala dinner, 19 of the top 25 holders were likely foreign nationals. Justin Sun, a Chinese billionaire facing SEC fraud charges that were paused by the Trump administration, held the top spot. Freight Technologies bought $20 million in tokens explicitly to "advocate for fair trade." Rep. Greg Casar: "The Trump family has made over $5 BILLION in corrupt crypto deals. Now Trump is openly bragging that his government won't investigate cryptocurrency-related crimes. Corruption, plain and simple." Senator Gillibrand proposed banning elected officials from issuing memecoins. The president of the United States stood in the Oval Office and boasted about dropping investigations into the industry that made him a billionaire.

Corruption & Grift

UFC to Pay White House Cage Match Fighters in Crypto Issued by Trump's Own Company — While He Owns the Stock, Sells $12,000 Coins, and Hosts a $1M-Per-Plate Fundraiser

UFC Freedom 250 fighters at the White House will receive bonuses in USD1 — a stablecoin issued by World Liberty Financial, co-owned by the Trump family (75% of profits) and Steve Witkoff's family. Witkoff is Trump's Middle East envoy — the man negotiating the Iran ceasefire. A second $1 million bonus pool pays fighters in CRO from Crypto.com, which has donated millions to Trump's super PAC and partnered with Trump Media on prediction markets and ETFs. Trump bought TKO stock before promoting the event. The Trump Organization sells co-branded coins up to $11,999.99. A $1 million-per-plate super PAC fundraiser is the night before. Ringside sponsorship: $1M+. The octagon features logos from Crypto.com, Polymarket (Don Jr. is an advisor), VeChain, Stake, and Exodus. A former DOJ prosecutor called it "a real distillation of this administration: take public property and use it for private benefit." The White House claims the government "is not making any money on this event." The president is.