US Sen. Bernie Sanders (I-Vt.) speaks during a Fighting Oligarchy Tour rally at the UIC Forum in Chicago on August 24, 2025.
'Unprecedented Kleptocracy': Sanders Slams Trump Family's Presidential Profiteering
"The Trump family has made $4 billion off the presidency," the senator said.
Amid renewed scrutiny of self-dealing by President Donald Trump and his relatives ahead of this weekend's Mar-a-Lago gala for top investors in the $TRUMP meme coin—whose value has plummeted more than 90% from its high—Sen. Bernie Sanders on Thursday took aim at the First Family's corruption.
"The Trump family has made $4 billion off the presidency," Sanders (I-Vt.) said on X following reporting by New Yorker staff writer David Kirkpatrick and others detailing how Trump and relatives have profited from his position during his second term.
Sanders listed sources of Trump family presidential profiteering, including more than $3 billion from cryptocurrencies like $TRUMP and $MELANIA—the latter whose value has plunged by over 99%—Persian Gulf deals worth over $425 million, $150 million in the form of a luxury jumbo jet gifted by Qatar, and various business ventures and deals the senator slammed as part of an "unprecedented kleptocracy."
In addition to the two meme coins, many of those crypto gains are linked to ventures including American Bitcoin and World Liberty Financial—which has raised eyebrows for being co-founded by Trump’s sons, with disclosures showing 75% of its token sales going to a Trump-linked entity.
Democrats on the US House Oversight Committee have published their own running tally showing nearly $2.5 billion in "Trump family digital grift profits"—including more than $634 million from foreign sources—and $6 billion in "Trump family digital grift wealth."
"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," the House Oversight Democrats said.
Sanders isn't the only US lawmaker to denounce what Sen. Elizabeth Warren (D-Mass.) last year called Trump's "superhighway of crypto corruption."
Also last year, Rep. Jamie Raskin (D-Md.), ranking member of the House Judiciary Committee, released a report detailing how "Trump and his family have transformed the presidency into a personal money-making operation, adding billions of dollars to his net worth through cryptocurrency schemes entangled with foreign governments, corporate allies, and criminal actors."
"President Trump and his family kept lining their pockets while he and his allies in Congress closed down the federal government—refusing to extend tax credits to make healthcare affordable for American families, putting continued food benefits for women and children in doubt, and placing active-duty military personnel in danger of missing their next paycheck," House Judiciary Democrats said.
Trump is the only president to ever be convicted of felony crimes. In 2024, while he was running for a second term, a New York jury found him guilty of 34 felony charges related to the falsification of business records regarding hush money payments to cover up sex scandals during the 2016 presidential election.
Last year, a New York appeals court tossed a $355 million civil fraud judgment—which increased to more than half a billion dollars with interest—against Trump and his two eldest sons in a separate case in which the trio exaggerated the wealth of their business organization. The ruling upheld the fraud finding and banned Trump and his sons from leading businesses in the state for 2-3 years.
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Amid renewed scrutiny of self-dealing by President Donald Trump and his relatives ahead of this weekend's Mar-a-Lago gala for top investors in the $TRUMP meme coin—whose value has plummeted more than 90% from its high—Sen. Bernie Sanders on Thursday took aim at the First Family's corruption.
"The Trump family has made $4 billion off the presidency," Sanders (I-Vt.) said on X following reporting by New Yorker staff writer David Kirkpatrick and others detailing how Trump and relatives have profited from his position during his second term.
Sanders listed sources of Trump family presidential profiteering, including more than $3 billion from cryptocurrencies like $TRUMP and $MELANIA—the latter whose value has plunged by over 99%—Persian Gulf deals worth over $425 million, $150 million in the form of a luxury jumbo jet gifted by Qatar, and various business ventures and deals the senator slammed as part of an "unprecedented kleptocracy."
In addition to the two meme coins, many of those crypto gains are linked to ventures including American Bitcoin and World Liberty Financial—which has raised eyebrows for being co-founded by Trump’s sons, with disclosures showing 75% of its token sales going to a Trump-linked entity.
Democrats on the US House Oversight Committee have published their own running tally showing nearly $2.5 billion in "Trump family digital grift profits"—including more than $634 million from foreign sources—and $6 billion in "Trump family digital grift wealth."
"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," the House Oversight Democrats said.
Sanders isn't the only US lawmaker to denounce what Sen. Elizabeth Warren (D-Mass.) last year called Trump's "superhighway of crypto corruption."
Also last year, Rep. Jamie Raskin (D-Md.), ranking member of the House Judiciary Committee, released a report detailing how "Trump and his family have transformed the presidency into a personal money-making operation, adding billions of dollars to his net worth through cryptocurrency schemes entangled with foreign governments, corporate allies, and criminal actors."
"President Trump and his family kept lining their pockets while he and his allies in Congress closed down the federal government—refusing to extend tax credits to make healthcare affordable for American families, putting continued food benefits for women and children in doubt, and placing active-duty military personnel in danger of missing their next paycheck," House Judiciary Democrats said.
Trump is the only president to ever be convicted of felony crimes. In 2024, while he was running for a second term, a New York jury found him guilty of 34 felony charges related to the falsification of business records regarding hush money payments to cover up sex scandals during the 2016 presidential election.
Last year, a New York appeals court tossed a $355 million civil fraud judgment—which increased to more than half a billion dollars with interest—against Trump and his two eldest sons in a separate case in which the trio exaggerated the wealth of their business organization. The ruling upheld the fraud finding and banned Trump and his sons from leading businesses in the state for 2-3 years.
Amid renewed scrutiny of self-dealing by President Donald Trump and his relatives ahead of this weekend's Mar-a-Lago gala for top investors in the $TRUMP meme coin—whose value has plummeted more than 90% from its high—Sen. Bernie Sanders on Thursday took aim at the First Family's corruption.
"The Trump family has made $4 billion off the presidency," Sanders (I-Vt.) said on X following reporting by New Yorker staff writer David Kirkpatrick and others detailing how Trump and relatives have profited from his position during his second term.
Sanders listed sources of Trump family presidential profiteering, including more than $3 billion from cryptocurrencies like $TRUMP and $MELANIA—the latter whose value has plunged by over 99%—Persian Gulf deals worth over $425 million, $150 million in the form of a luxury jumbo jet gifted by Qatar, and various business ventures and deals the senator slammed as part of an "unprecedented kleptocracy."
In addition to the two meme coins, many of those crypto gains are linked to ventures including American Bitcoin and World Liberty Financial—which has raised eyebrows for being co-founded by Trump’s sons, with disclosures showing 75% of its token sales going to a Trump-linked entity.
Democrats on the US House Oversight Committee have published their own running tally showing nearly $2.5 billion in "Trump family digital grift profits"—including more than $634 million from foreign sources—and $6 billion in "Trump family digital grift wealth."
"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," the House Oversight Democrats said.
Sanders isn't the only US lawmaker to denounce what Sen. Elizabeth Warren (D-Mass.) last year called Trump's "superhighway of crypto corruption."
Also last year, Rep. Jamie Raskin (D-Md.), ranking member of the House Judiciary Committee, released a report detailing how "Trump and his family have transformed the presidency into a personal money-making operation, adding billions of dollars to his net worth through cryptocurrency schemes entangled with foreign governments, corporate allies, and criminal actors."
"President Trump and his family kept lining their pockets while he and his allies in Congress closed down the federal government—refusing to extend tax credits to make healthcare affordable for American families, putting continued food benefits for women and children in doubt, and placing active-duty military personnel in danger of missing their next paycheck," House Judiciary Democrats said.
Trump is the only president to ever be convicted of felony crimes. In 2024, while he was running for a second term, a New York jury found him guilty of 34 felony charges related to the falsification of business records regarding hush money payments to cover up sex scandals during the 2016 presidential election.
Last year, a New York appeals court tossed a $355 million civil fraud judgment—which increased to more than half a billion dollars with interest—against Trump and his two eldest sons in a separate case in which the trio exaggerated the wealth of their business organization. The ruling upheld the fraud finding and banned Trump and his sons from leading businesses in the state for 2-3 years.