How a Trump Media deal with a crypto firm exposes potential conflicts of interest
WASHINGTON (AP) — Crypto.com was under siege.
For more than a year, the firm had been investigated by President Joe Biden’s Democratic administration, part of an aggressive push to regulate the largely unregulated cryptocurrency industry. Financial regulators had told the company that enforcement action was likely.
Then Donald Trump won the 2024 election, and the company’s legal peril dissipated.
Crypto.com ramped up spending to a lobbyist close to Trump and donated $11 million to political committees tied to the Republican president, records show. Within months, the investigation was dropped. By August, Crypto.com announced it was plunging roughly $1 billion worth of assets into a venture with a new…
