House Democrats in U.S. House Release Report Alleging Trump Involvement in Virtual Asset Business

U.S. House Democrats have officially raised concerns about U.S. President Donald Trump's involvement in virtual asset (cryptocurrency) businesses. The report, led by House Judiciary Committee Democratic ranking member Jamie Raskin (Jamie Raskin), alleges that President Trump took improper gains through virtual asset businesses during his term.

According to CoinDesk on the 26th (local time), the Democratic report claims that President Trump and his family accumulated hundreds of millions of dollars in virtual asset-related wealth during the first year of his term. The report states, "President Trump's pro-virtual-asset policies served the Trump family's private interests rather than the public interest," and points out that "there is quid pro quo influence and foreign interests involved."

The report also asserts that "the administration's virtual asset policy approach represented a private use of executive authority," describing it as "a new form of corruption."

The White House immediately rebutted the claims. White House spokesperson Caroline Leavitt said in a statement, "The president and his family have not been involved in conflicts of interest and will not be in the future."

Observers say the Democratic report could lead to further discussions about additional investigations within the House.