‘Roadmap for corruption’: Trump dive into cryptocurrency raises ethics alarm
GuardianMAY 10
Trump Family Reportedly Gains $1.3B from Crypto Ventures in Weeks
Above: U.S. President Donald Trump leaves the White House and attends a dinner at Trump National Golf Club in Virginia for top investors in his $TRUMP cryptocurrency, on May 22, 2025. Image copyright: Kevin Dietsch/Staff/Getty Images
The Spin
Pro-Trump narrative
These crypto ventures represent smart diversification beyond traditional real estate holdings. The Trump family recognized early that digital assets offer faster wealth generation than conventional properties, with their $1.3 billion gain in weeks proving this strategy correct. The regulatory environment under Trump has become more crypto-friendly, creating ideal conditions for these ventures to thrive and generate substantial returns.
Democratic narrative
The family's crypto involvement creates serious conflicts of interest while Trump serves as president and reduces industry regulations. Democratic lawmakers rightfully raise concerns about the first family profiting from an industry that benefits from the administration's policy decisions. The volatile nature of these assets, with trading halts and wild price swings, demonstrates the speculative and unstable foundation of this newfound wealth.