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July 3, 2025

SEC and Treasury look away as President controls $12 billion crypto while setting policy

Brennan Center for Justice
Decrypt / Sander Lutz
Cointelegraph
NPR
CBS News
+52

Trump builds $12 billion crypto empire while setting policy, creates massive conflicts.

Trump launched $TRUMP memecoin Jan. 17, 2025 retaining 800 million of 1 billion tokens (80% supply)

Cryptocurrency holdings reached $11.6 billion by late 2025; Trump Organization collected $800 million in H1 2025

Abu Dhabi's MGX used World Liberty Financial stablecoin for $2 billion Binance investment

SEC Chair Paul Atkins dropped 12 crypto enforcement cases after Trump took office

Justin Sun invested $75 million in World Liberty Financial while facing SEC fraud charges (case paused)

Senate resolutions affirm foreign $TRUMP purchases violate Constitution's Emoluments Clause

Retail investors lost $2 billion when $TRUMP crashed from $14.75 billion peak

📜Constitutional Law🔐Ethics🏛️Government💰Economy

People, bills, and sources

Donald Trump

Donald Trump

President

Paul Atkins

SEC Chair

Sheikh Tahnoun Bin Zayed Al Nahyan

UAE National Security Advisor/MGX Chairman

Justin Sun

Crypto entrepreneur

World Liberty Financial

Trump family crypto company

What you can do

1

Senate can authorize legal action to enforce Emoluments Clause but Republican majority blocks votes

2

Track foreign government purchases of presidential crypto at blockchain explorers

3

Office of Government Ethics has advisory power only—Congress must act to enforce conflicts rules

4

Support state attorneys general investigating constitutional violations