NYT Alleges $TRUMP Benefited Financially From Settled Crypto Cases 🚨
A new New York Times investigation claims that President Donald Trump and his family may have financially benefited from the dismissal or rollback of major crypto enforcement cases since the start of his second term.
🔑 Key Highlights
✅ NYT alleges crypto lawsuits were dropped after Trump returned to office
✅ Some dismissed cases involved firms later linked to Trump family interests
✅ Over 60 percent of inherited crypto cases were scaled back or abandoned
✅ Crypto cases saw far higher dismissal rates than other industries
Why it matters
According to the New York Times, U.S. regulators sharply reduced enforcement actions against crypto firms after President Trump began his second term. The report claims that several companies whose cases were dismissed or weakened later formed financial or political ties to Trump or his family.
Investigators found that more than 60 percent of crypto cases active at the start of the administration were paused, dropped, or scaled back. This rate was significantly higher than dismissals seen in other industries, where enforcement largely continued as normal.
The report highlights several high profile reversals. Regulators reportedly sought to freeze a federal lawsuit involving a crypto firm linked to the Winklevoss twins, while the SEC fully abandoned its case against Binance. In another example, the SEC attempted to reduce a 125 million dollar penalty imposed on Ripple Labs to 50 million dollars, though a judge later rejected the reversal.
The Times described the scale of pullbacks as highly unusual, noting that the SEC typically does not retreat from multiple major lawsuits within the same sector. Of the 23 crypto cases inherited from the previous administration, the agency allegedly pulled back from 14, with eight involving firms connected to Trump family interests.
The SEC reportedly did not dismiss any inherited crypto cases during the Biden administration, underscoring the contrast highlighted in the report.
