New Issue One report details how President Trump is making legal problems disappear for the crypto industry

A new report published today by Issue One is shining a light on how President Trump and his allies are making legal problems disappear for the cryptocurrency industry following significant political donations and efforts to curry favor in Washington.

Titled “Crypto Craziness: 12 Times President Trump Has Made Legal Problems for the Cryptocurrency Industry Disappear,” this new Issue One report highlights a dozen ways that Trump and his administration have made life easier for the crypto industry — including multiple pardons for high-profile crypto figures and multiple enforcement cases being dropped.

Specific examples include Trump pardoning Silk Road founder Ross Ulbricht and HDR Global Trading, the company that operates of crypto exchange BitMEX, as well as the Securities and Exchange Commission dropping enforcement matters against crypto interests, including Chinese-born billionaire Justin Sun, Coinbase, Binance, Robinhood, Ripple Labs, Kraken, and Crypto.com.

Sun personally invested tens of millions of dollars into Trump’s crypto ventures. Binance and Crypto.com have explored business deals with the Trump family. And Coinbase, Robinhood, Ripple Labs, and Kraken each donated at least $1 million to Trump’s inaugural committee.“Any example of pay-to-play politics is appalling, but the ways the Trump administration and crypto interests are working in tandem erode the very foundations of trust in government,” said Issue One Founder and CEO Nick Penniman. “Crypto isn’t just the latest player in Washington’s influence game. The crypto industry has an inside man in the White House who is personally profiting from lax enforcement and telegraphing to others that his administration will look the other way.”

As recently as four years ago, Trump was calling cryptocurrency a “scam.” But during the 2024 campaign, he courted crypto investors and proceeded to rake in millions from crypto interests for his inauguration. He has also launched a number of crypto business endeavors that have earned him an estimated $1 billion. He is now poised to sign into law a major legislative victory for the crypto industry, the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act.

Read the full report: “Crypto Craziness: 12 Times President Trump Has Made Legal Problems for the Cryptocurrency Industry Disappear.”