Trump Hit By ‘Crypto Grift’ Claims Over Family Deals

Critics Accuse White House Of Weakening Oversight

Fresh accusations are swirling around President Donald Trump after reports claimed his administration sharply weakened crypto regulation while his family expanded deep into the booming digital assets and online betting industries.

The controversy centres on claims that key federal oversight bodies were effectively hollowed out just as Trump-linked business interests moved aggressively into cryptocurrencies and prediction markets worth billions of dollars.

Critics are accusing the White House of creating a system where regulators stepped back while politically connected firms surged ahead.

Trump Family Expands Into Crypto And Betting Markets

According to reports, Trump family interests have rapidly expanded across two of the fastest-growing sectors in finance — digital currencies and prediction markets where users wager on political events, sports and global affairs.

Trump Media & Technology Group reportedly launched a major partnership with Crypto.com last year tied to online prediction markets.

At the same time, Donald Trump Jr. emerged as both an investor and adviser to betting platforms including Polymarket and Kalshi through investment firm 1789 Capital.

Reports claim the value of Polymarket exploded almost tenfold after Trump-linked investment entered the company.

Regulators Accused Of Backing Away From Enforcement

At the centre of the storm is the Commodity Futures Trading Commission, the agency responsible for policing derivatives, crypto markets and online betting platforms.

Critics say enforcement activity collapsed after Trump returned to office.

The regulator is currently being run by a single commissioner — Michael S. Selig — after the administration reportedly left four commissioner seats vacant, dramatically reducing internal oversight and dissent.

Former officials quoted in reports described the situation as unprecedented, claiming major crypto investigations were quietly abandoned while senior enforcement staff were pushed out.

Questions Swirl Around Polymarket Scrutiny

Particular attention has focused on Polymarket, which previously paid fines under the Biden administration for allowing unauthorised betting activity involving American users.

Reports now claim agency officials who attempted to challenge the company’s anti-fraud protections were sidelined or removed after internal disputes.

Former acting oversight officials allegedly raised concerns that proposed changes could make insider trading harder to detect within prediction markets.

Critics say the timing of regulatory pullbacks alongside Trump family involvement creates the appearance of serious conflicts of interest.

White House Yet To Fully Respond

So far neither the White House, the Trump Organization nor several of the firms involved have issued detailed public responses to the allegations.

No formal findings of wrongdoing have been announced, and many of the claims rely on former officials and unnamed sources familiar with internal discussions.

Still, the accusations are likely to intensify scrutiny over the increasingly blurred lines between political power, financial regulation and the Trump family’s growing business empire in crypto and online gambling markets.

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The people who are supposed to be the watchdogs over these FAR too blatant and obvious grifts/breaches of all three emolument clauses are terrified to do their jobs. Firchrissake, this unbelievable $1.776 BILLION theft of the American people is clearly a promise to pay thugs for past, present and future acts of violence against anyone who crosses the self-proclaimed king in the name of misguided "patriotism."

The US has pulled through worst and will most likely survive this as well, but it still sucks to be witnessing it as it unfolds.