Particle.news

Download on the App Store

Trump Family Under Fire for $2.5 Billion Crypto Windfall and Pardons to Financial Offenders

Critics warn that White House actions routing billions to undisclosed crypto backers erode ethical standards.

George Stephanopoulos

Overview

  • George Stephanopoulos said on ABC’s This Week that the Trump family is making hundreds of millions, potentially billions, from White House decisions that benefit contributors and investors.
  • The Trump Media and Technology Group raised nearly $2.5 billion from 50 institutional investors whose identities have not been disclosed.
  • The SEC dropped its lawsuit against Binance days after the exchange began listing the World Liberty Financial cryptocurrency started by Trump’s family.
  • President Trump granted pardons to tax offenders in cases including one issued weeks after the beneficiary’s mother participated in a million-dollar-a-head fundraiser for his campaign.
  • Former New Jersey Governor Chris Christie said the pardons undermine white-collar crime enforcement, and Atlantic columnist David Frum likened the actions to large-scale corruption seen in post-Soviet republics.