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Cryptocurrency News Articles

“Donald Trump Has Raised Nearly a Billion Dollars from His Various Cryptocurrency Schemes, Says Researcher Molly White.”

May 07, 2025 at 12:10 am

“Senators Elizabeth Warren and Jeff Merkley are calling for a federal investigation into the Trump family's cryptocurrency venture, after a fund backed by Abu Dhabi announced it would make a $200M investment in crypto exchange Binance using a Trump-branded cryptocoin. The deal could generate hundreds of millions of dollars for the Trump family.

“Donald Trump Has Raised Nearly a Billion Dollars from His Various Cryptocurrency Schemes, Says Researcher Molly White.”

Senators Elizabeth Warren and Jeff Merkley are calling for a federal investigation into the Trump family's cryptocurrency ventures, after a fund backed by Abu Dhabi announced it would make a $2 billion investment in crypto exchange Binance using a Trump-branded cryptocoin. The deal could generate hundreds of millions of dollars for the Trump family.

In their letter, Senators Warren and Merkley wrote, "The deal, if completed, would represent a staggering conflict of interest, one that may violate the Constitution and open our government to a startling degree of foreign influence and the potential for a quid pro quo that could endanger national security."

Senator Warren also released this video last week blasting the deal.

Senator Elizabeth Warren blasts Trump crypto deal: ‘The Senate is going to put a stop to it, right? Wrong.’

"The United States is getting ready to bless Donald Trump's latest grift," the senator said.

At this moment, we are witnessing a terrifying array of anti-democratic tactics to silence political opposition, increase surveillance and expand authoritarian reach.

Truthout is appealing for your support as Trump and his sycophants crack down on political speech. Nonprofits like Truthout could be caught in Trump's crosshairs as he attacks dissenting groups with bad faith lawsuits and targeted harassment of journalists.

As well, these attacks come at a time when independent journalism is most needed. The right-wing corporate takeover of media has left reliable outlets few and far between, with even fewer providing their work at no cost to the reader. Who will be there to hold the fascists to account, if not media like Truthout?

We ask for your support as we doggedly pursue justice through our reporting. Truthout is funded overwhelmingly by readers like you. Please make a tax-deductible one-time or monthly donation today.

Amy Goodman is the host and executive producer of Democracy Now!, a national, daily, independent, award-winning news program airing on more than 1,100 public television and radio stations worldwide. Time Magazine named Democracy Now! its "Pick of the Podcasts," along with NBC's "Meet the Press."

Juan González co-hosts Democracy Now! with Amy Goodman. González has been a professional journalist for more than 30 years and a staff columnist at the New York Daily News since 1987. He is a two-time recipient of the George Polk Award.

Original source:truthout

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