Raskin on Trump family's crypto earnings: 'We're talking billions of dollars'
MSNBC·2025-11-26 16:35

Financial Irregularities and Conflicts of Interest - The report alleges that the former president and his family increased their net worth by billions of dollars, with some estimates exceeding $10 billion since January [3] - The Trump family allegedly gained hundreds of millions of dollars in actual income through business dealings [4] - A specific instance involves Changpang Xiao's company, Binance, investing $2 billion into the Trump family's crypto firm [2] - The report highlights key donations from other crypto companies to pro-Trump super PACs and other projects [5] - The report claims potential violations of the foreign emoluments clause, suggesting the president profited from business with foreign governments [6] Pardons and Potential Abuse of Power - Changpang Xiao, who enriched the Trump family, received a pardon from Donald Trump despite his company's alleged failures to prevent criminals and terrorist groups like al Qaeda, Hamas, and ISIS from using Binance [4][5] - The report suggests a "pay-to-play" dynamic in pardons, extending beyond crypto-related cases [11] - A resolution has been filed opposing a pardon or commutation for Ghislaine Maxwell, highlighting concerns about potential abuse of pardon power [14][15] Congressional Oversight and Accountability - The report criticizes the dismantling of anti-corruption and financial integrity safeguards during the Trump administration [7] - The report suggests that Congress has a role in providing oversight and scrutiny, but faces challenges due to lack of interest from some members [8][9] - The report emphasizes the importance of public awareness and discussion to hold individuals accountable [9]