A new report has analyzed federal law enforcement actions against crypto companies during the Trump presidency. Dozens of companies received clemency, with Web3, fintech, and AI being the biggest beneficiaries.
This change was part of a consistent strategy driven by over $1 billion in campaign contributions. These companies reduced attacks on themselves and rewrote federal policies to prevent future actions.
How President Trump Eliminated Cryptocurrency Enforcement
Since President Trump was elected, he has become a major player in the crypto industry, which was especially true for federal law enforcement.
Regulatory agencies dropped dozens of prominent lawsuits, and their potential for future prosecutions also diminished.
There is a widespread belief that corruption is occurring, and this is causing political reactions, but most ordinary observers cannot see the full picture.
Both critics and supporters point to shocking and unprecedented events that capture the imagination. Crypto has increased Trump's net asset value, so observers believe something illegal is happening.
However, this approach may overlook the bigger picture. It's not enough to feel a vague sense; we need specific data. To address this, Public Citizen compiled a comprehensive report on Trump's battle against crypto enforcement:
Data Analysis
Looking a bit broader, Trump's crypto policy turns into a large-scale campaign against federal enforcement.
In total, law enforcement agencies dropped enforcement actions against 165 companies since the 2024 election, with a quarter of these being tech companies. Most companies in this group were crypto, fintech, and AI firms, making Web3 the biggest beneficiary.
But is this corruption? Trump's campaign attacked Biden's unfair crypto enforcement and promised to create business-friendly regulations. So what was the exchange? To understand this, it's important to remember that Trump was once an industry opponent:
Since Trump began his re-election campaign, crypto has supported him. A report indicates large campaign contributions from the industry, totaling at least $1.2 billion.
Prominent executives from companies like Gemini strongly demanded reduced enforcement and still had influence in Trump's administration.
Many companies followed this model. The full report is too large to examine here, but it includes many pages of specific interactions.
A crypto company contributed to Trump, received federal enforcement clemency, and maintained positive connections to date. These ongoing relationships are a means to prevent future enforcement actions.
This specific approach helps make the entire momentum more understandable. Dozens of companies across multiple industries received clemency.
However, crypto used contributions to Trump to lead a strategy against federal enforcement. This technique was so comprehensive that changes might be irreversible in a presidential term.
Some skeptical observers have declared that "crime is now legal", and it's clear why.
Many individual events are unprecedented, but they combine to form a campaign that is almost unimaginable. Specific data like this can help intelligent observers see the full picture.
