Trump's Crypto Venture Exposed: Corruption and Bribery Charges Levelled by Congresswoman Ayanna Pressley

At a House Financial Services Committee hearing, Congresswoman Ayanna Pressley (MA-07) accused Donald Trump of corruption and bribery in his crypto venture, which has enriched himself and his allies at the expense of American investors. The Congresswoman cited multiple cases where Trump's SEC dropped charges against companies that invested in his crypto platform, World Liberty Financial. This pay-to-play scheme, where Trump's family pockets 75% of the revenue, has been labeled as a clear abuse of power.

Key Takeaways:

  • Congresswoman Ayanna Pressley accused Donald Trump of corruption and bribery in his crypto venture, alleging that the SEC is being dictated by companies that invest in his platform, World Liberty Financial.
  • The Congresswoman cited multiple cases where Trump's SEC dropped charges against companies that invested in his crypto platform, including Justin Sun and Binance, after purchasing $75 million and $2 billion worth of Trump's tokens, respectively.
  • The SEC dropped a case against Justin Sun in 2023 after he purchased $75 million worth of Trump's tokens, despite being sued for defrauding investors, manipulating token prices, and secretly paying celebrities to promote tokens.
  • In 2023, Binance paid a $4 billion fine for failing to prevent terrorists, child abusers, and cybercriminals from using their crypto-exchange, but the SEC dropped the case against Binance after a $2 billion investment in the company's stable coin.
  • The Congresswoman asked the panel whether companies should be able to bribe the President of the United States to make SEC lawsuits go away, to which all panel members replied with a resounding "no".
  • Under Trump's leadership, the SEC is not protecting anyone, and its cases are being dictated by whoever is paying the president tens of millions of dollars' worth of crypto bribes.

Statistics:

  • $75 million worth of Trump's tokens purchased by Justin Sun in 2023
  • $2 billion worth of Trump's tokens purchased by Binance in 2023
  • $4 billion fine paid by Binance in 2023 for failing to prevent terrorists, child abusers, and cybercriminals from using their crypto-exchange
  • 75% of revenue from World Liberty Financial going straight to the Trump family's pockets

Sources:

  • United States House of Representatives -- Congresswoman Ayanna Pressley (MA-07)
  • Transcript: Pressley Slams Trump for Corruption, Bribery in Crypto Schemes House Financial Services Committee June 4, 2025
  • Source: Mil OSI USA News (http://milnz.co.nz/mil-osi-aggregation/) - Copyright 2025 Multimedia Investments Ltd, distributed by Contify.com