Did crypto firms ‘pay’ Trump for regulatory rollbacks? NYT thinks so…
U.S President Donald Trump and his family allegedly benefited from most of the dismissed or settled crypto cases, according to a New York Times (NYT) report.
The dropped cases were reportedly attached to deals, in the form of political donations or business ties to the broader Trump family crypto empire.
Source: NYT
Trump’s pay-to-play?
According to the report, the Trump Administration dismissed 33% of Biden-era crypto cases, way more than the average of 4% seen in other industries.
Out of the 14 crypto investigations that were rolled back, more than half of the defendants formed close ties with the administration. This happened either before or after the cases were resolved, NYT claimed.
Coinbase, for example, had…
