Ethics and Conflicts of Interest

An AP investigation reports Crypto.com, once facing likely enforcement from U.S. financial regulators, saw the probe dropped after the 2024 election, increased lobbying and donated $11 million to pro‑Trump committees, then in August 2025 committed roughly $1 billion in assets to a venture with Trump’s company, Trump Media & Technology Group. Ethics experts warn the arrangement—under which Trump Media put up little cash but received a substantial stake in a treasury for Crypto.com’s Cronos token—illustrates potential conflicts as Trump’s private business partners include firms regulated by his administration; the White House says Trump’s holdings are in a trust run by his sons.