Trump, Musk, and Their Administration Use the Presidency for Their Own Personal Profit

This week a series of damning new reports reveals the abuses of power which are running rampant

Washington D.C., August 17, 2025 – A series of damning new reports from Accountable.US highlight the abuses of power which are running rampant as Donald Trump, Elon Musk, and their administration use the presidency for their own personal profit.

A new Accountable.US investigation revealed that a top official on Musk’s DOGE, who is involved in dismantling the Consumer Financial Protection Bureau, the watchdog agency established to protect consumers and hold big corporations and special interests accountable when they break the law, is financially benefiting from the destruction being caused to the agency. The Musk lieutenant, Gavin Kliger, holds as much as $365,000 worth of shares of companies, including Apple and Tesla, and in cryptocurrency, including Solana and Bitcoin – all companies which are subject to CFPB oversight. The move is a clear conflict of interest as Kliger stands to directly benefit from the DOGE’s elimination of the agencies’ consumer protection staff.

An Accountable.US report released earlier this year revealed that Donald Trump and Elon Musk are also likely to profit by diminishing the watchdog agency, as both their ventures into digital wallets and payment processing would be subject to now-paused CFPB rulemaking.

Earlier this year, Accountable.US discovered that Trump’s family crypto firm, is now likely to be making a $2 billion business deal with Binance using Trump’s cryptocurrency in a deal in which “virtually every detail … contained a conflict of interest.” The deal not only funnels hundreds of millions of dollars directly to Trump, it opens the door to a free-for-all of backdoor foreign investments. Binance’s founder, Changpeng Zhao, is reportedly seeking a pardon from Trump after pleading guilty to money laundering. Zach Witkoff is the son of Steve Witkoff, Trump’s Special Envoy to the Middle East, who also reportedly met with Zhao at the Bitcoin MENA 2024 conference in December 2024– after he had already been appointed.

And now, a new Accounteable.US report found that Chinese crypto billionaire and alleged fraudster Justin Sun is likely the top holder of Trump’s meme coin $TRUMP– the subject of Trump’s latest self-enrichment scheme. Last week, in one of his most nakedly corrupt money grabs, Trump announced he’d host a private gala and meet and greet for top investors in his cryptocurrency – setting off a competition for billionaires and foreign adversaries to buy access to Trump. An Accountable.US review of the $TRUMP “leaderboard” finds that the current first-ranked holder with $17.8 million in $TRUMP coin could be Chinese crypto billionaire Justin Sun, whose federal fraud case was paused in February 2025 after Sun bought $75 Million in tokens offered by Trump crypto venture World Liberty Financial Inc.

“Trump’s economic agenda is driving up costs, sending the stock market into chaos, and slowing economic growth for regular Americans. But while everyday families are feeling the pain – business is booming for Donald Trump, Elon Musk, and their billionaire pals as they cash in on unprecedented corrupt money-making schemes,” said Accountable.US Executive Director Tony Carrk. “In just over 100 days in office, Trump has taken every opportunity to pad his own pockets, and sell access and influence to the highest bidder, while families are getting hung out to dry.”