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    securities and exchange commission

    tech billionaires at Trump inauguration

    With Dropped Enforcement, Trump Accused of 'Inviting a Corporate Crime Spree'

    "President Trump talks 'tough on crime,' but his administration is once again betraying a preference for going soft on corporations that break the law."

    Jessica Corbett
    Mar 04, 2025

    U.S. President Donald Trump "is handing out 'get out of jail free' cards to corporate lawbreakers," declared Rick Claypool, author of a Tuesday report about the administration ending probes and enforcement actions against dozens of companies.

    Claypool is a research director for the watchdog Public Citizen. His report "covers 429 separate investigations and cases against 361 corporations over alleged lawbreaking—including at least 25 involving allegations of criminal misconduct."

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    donald trump
    Nonprofit Stand With Crypto, which was set up by the cryptocurrency company Coinbase, holds a get-out-the-vote rally in Hollywood, featuring the rapper Nas

    Crypto Giants 'Already Getting Their Payoff' as Trump SEC Drops Coinbase Lawsuit

    The Securities and Exchange Commission's decision to drop its legal action against Coinbase was called "proof positive that the crypto industry's flood of campaign spending has paid off."

    Jake Johnson
    Feb 24, 2025

    U.S. President Donald Trump's Securities and Exchange Commission has delivered a significant victory to the cryptocurrency industry by agreeing to drop a major lawsuit against Coinbase, a crypto exchange platform company that spent heavily on the 2024 election and donated a million dollars to President Donald Trump's inauguration.

    The SEC's decision, announced Friday by Coinbase's chief legal officer, marks the latest evidence of the nascent industry's growing political influence and the current administration's readiness to ditch corporate enforcement efforts. The New York Timesnoted Friday that the SEC under the Biden administration sued Coinbase in 2023 "on the grounds that the digital currencies sold on its platform constituted unregistered securities that put consumers at risk of financial harm."

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    cryptocurrency
    President Donald Trump at his private Mar-a-Lago club

    'Profoundly Dangerous': Trump Moves to Seize Control of Independent Agencies

    "Americans should understand exactly what this is: A giant gift to the corporate class and a Trumpian power grab."

    Jake Johnson
    Feb 19, 2025

    U.S. President Donald Trump on Tuesday signed an executive order aimed at bringing the nation's independent agencies—including the Federal Trade Commission and Securities and Exchange Commission—under his control, a sweeping power grab that's expected to spark a legal fight with enormous stakes for the country.

    The new executive order, titled "Ensuring Accountability for All Agencies," laments that previous administrations "have allowed so-called 'independent regulatory agencies' to operate with minimal presidential supervision" and states that, going forward, "the president and the attorney general, subject to the president's supervision and control, shall provide authoritative interpretations of law for the executive branch."

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