I don't know who needs to hear this but #cryptocurrency is beyond your personal views on crime. I don't know what the bottom of the crypto markets look like in this cycle but I do know you'll see the market collapse at the bottom before the top IMHO.
Headline: Binance to shift $1 billion user protection fund into bitcoin amid market rout Binance will convert the stablecoin holdings in its $1 billion Secure Asset Fund for Users to bitcoin over the next 30 days, with plans for regular audits
As ICE terrorizes communities, crypto executives who spent years posting about freedom have gone conspicuously silent. But behind the scenes, they’ve contributed at least $315 million — more than double their record 2024 spending — to elect more lawmakers to enable this administration.
For years, crypto executives have touted cryptocurrency’s supposed anti-authoritarian and human rights credentials. But where are they when their beloved president claims Alex Pretti’s lawful gun ownership justified his killing, or when ICE leaders tell subordinates to enter homes without warrants?
The answer, of course, is that they never actually cared about these principles at all. In fact, many of these executives have long made it clear that authoritarianism isn’t just collateral damage in their pursuit of business-boosting deregulation, but a desirable outcome.
Amid all this, the crypto industry has amassed at least $315 million to spend in the midterms — more than double their recordbreaking 2024 spending that helped install Trump and members of Congress who either support his atrocities or are too craven to do anything about them.
The Fairshake PAC timed a press blitz about the nearly $200 million they’re brandishing towards members of Congress just ahead of a Senate Ag vote on crypto market structure. It passed, and amendments to address Trump’s crypto corruption or prohibit bailouts of crypto firms were shot down.
The crypto industry’s “educational nonprofit” has also launched an initiative to fund Congressional staff positions after participants go through weeks of “training” on “emerging technologies like crypto, AI, biotech, and defense tech”.
The SEC has dismissed with prejudice an enforcement action against the Winklevoss twins’ Gemini crypto exchange. This comes after the Winklevosses contributed $4.4 million to Trump, backed his sons’ ventures, and committed $21 million to elect pro-Trump, pro-crypto lawmakers.
To date, the SEC has paused, dismissed, or otherwise ended crypto lawsuits or investigations against Aave, Binance, Coinbase, ConsenSys, Crypto.com, Cumberland DRW, Dragonchain, Gemini (twice), Hex, Immutable, Kraken, Ondoe, OpenSea, PayPal, Ripple, Robinhood, Tron, Uniswap, Yuga Labs, and Zcash.
$40 million in seized crypto held by the US Marshals was stolen in 2024, and crypto sleuth zachxbt has now linked the thefts to the son of a contractor managing the agency's crypto assets. The incident has renewed concerns about the government's ability to manage its crypto holdings.
This goes with their recent staff report, “Professionalized Corruption: How Donald Trump is abusing power and accepting digital kickbacks from foreign and criminal interests to cash in on the presidency like never before”
Trump Family Digital Grift Profits $2,255,399,364.28
Total Trump Family Digital Grift Wealth $8,712,974,364.28
Trump Family Digital Grift Profits from Foreign Interests $437,004,026.96
While Americans struggle to buy groceries and pay rent, Donald Trump is making his family richer through digital grift schemes— collecting profits through digital wallets and granting pardons to the highest bidders.
While Trump and his family are using the White House to make billions, we are tracking every cent. As of January 2026, our Committee’s analysis shows that these schemes have contributed to an estimated $2.25 billion in realized profits for Trump from foreign payments, corrupt oligarchs, and others.
This total rises to as much as $9.7 billion when the value of Trump’s digital assets is factored in, with as much as $436 million coming from foreign interests. President Trump should be serving the American people—not his own pockets.
Newsletter: Coinbase calls the shots in the Senate, former New York City Mayor Eric Adams faces rug pull allegations, and a crypto executive is breaking up with Trump
The crypto lobby wrote their dream bill. Senators proposed some amendments. Coinbase tweeted their disapproval, and Senate Banking Chair Tim Scott immediately canceled the markup. When you spend $130M, you expect to get exactly what you want.
But Coinbase’s flex may have caused something of a power struggle with the White House. “This is President Trump’s bill at the end of the day, not Brian Armstrong’s,” said a source close to the Trump administration.
Former NYC Mayor Eric Adams is fending off rug pull allegations after a wallet connected to his “NYC Token” project extracted almost $1 million in liquidity less than an hour after launch, crashing the token price.
Trump has claimed “the leaker” has been jailed, seemingly referring to a group of wallets that made large profits from Polymarket bets with apparent advance knowledge of US military action against Venezuela. One such wallet profited around $410,000.
The Trump family’s World Liberty Financial crypto project has applied for a national trust bank charter. If approved, the Comptroller of the Currency — who serves at the pleasure of the President — will be expected to enforce the law against Trump’s own company and its competitors.
The Senate has confirmed the CFTC’s new Chairman, Michael Selig. He has very minimal regulatory experience, and is now the only Commissioner on what is supposed to be a five-person bipartisan Commission.
The SEC is in a similar situation, having just lost its last Democratic and crypto-cautious Commissioner, Caroline Crenshaw. In her last speech as a Commissioner she warned of “dire repercussions” from the SEC’s deregulatory pivot, drawing comparisons to the period prior to the Great Depression.
Cardano creator Charles Hoskinson said U.S. President Donald Trump's administration has put the American crypto industry in a worse position than it was under Trump's predecessor, former President Joe Biden.