💨 Abstract

Crypto.com, facing a lengthy investigation under the Biden administration, saw its legal troubles ease after Donald Trump's 2024 election victory. The company increased lobbying efforts and donations to Trump-affiliated political committees. Within months, the investigation was dropped, and Crypto.com announced a $1 billion venture with Trump's social media company. Legal and ethics experts raised concerns about conflicts of interest, noting that Trump's administration has allowed family businesses to engage in lucrative deals with regulated companies.

Courtesy: WTOP Staff