Trump Action Archive

Supporting reports

• Senate banking committee votes down amendment barring president and Congress from owning or promoting crypto businesses — The US Senate banking committee voted down, along party lines, an amendment that would have barred the president, vice-president, Congress members, and their families from owning or promoting crypto businesses. The underlying Clarity Act advanced despite the amendment's failure, indicating Republican opposition to restricting executive crypto involvement.

Supporting reports

• Trump negotiates $1.7 billion fund to compensate allies for alleged DOJ weaponization — Trump is in talks to drop his $10 billion IRS lawsuit in exchange for the government establishing a $1.7 billion taxpayer-funded account to compensate Trump's allies who claim they were harmed by the Biden administration's alleged weaponization of the Department of Justice. Eligible recipients would include nearly 1,600 people convicted of crimes related to the January 6, 2021 Capitol attack, whom Trump pardoned or commuted shortly after taking office in January 2025. While Trump himself will likely be barred from direct payments, entities associated with him will not be.
• Trump DOJ creates $1.7 billion compensation fund for January 6 defendants and Trump allies — The Trump administration is expected to settle Trump's $10 billion lawsuit against the IRS by creating a $1.7 billion taxpayer-funded compensation fund to pay individuals and entities claiming wrongful targeting by the Biden administration. The fund would compensate approximately 1,600 January 6 Capitol attack defendants and potentially Trump-associated entities. Trump would retain authority to remove commission members without cause, and the commission would operate with minimal disclosure requirements or oversight of its decision-making process for distributing over $1 billion in public funds.
• Trump administration considers $1.7 billion compensation fund for allies investigated under Biden — The Trump administration is reportedly considering a $1.7 billion fund to compensate President Trump's allies and others who claim they were harmed by Justice Department investigations during the Biden administration. The fund could cover legal costs for people in Trump's orbit and potentially extend to some of the nearly 1,600 people charged in connection with the January 6 Capitol attack. The administration has discussed modeling the program on past federal settlement funds, with possible payments through the Treasury Department's Judgment Fund. The proposal has not been finalized or approved.
• White House and DOJ explore settlement of Trump's $10 billion IRS lawsuit — The New York Times reported that the White House and Justice Department are exploring a settlement in Trump's $10 billion lawsuit against the IRS for releasing his tax returns. ABC News reported that Trump is expected to settle in exchange for launching a $1.7 billion compensation fund for his allies, including those pardoned for Jan. 6 involvement, with a Trump-controlled commission overseeing distribution and recipient identities potentially kept private. The settlement would use taxpayer funds to reward political allies.

Supporting reports

• Trump administration considers financial bailout for UAE amid undisclosed Trump family business ties — President Trump stated on Tuesday that he is considering a financial bailout for the United Arab Emirates, a U.S. ally experiencing economic hardship from the Iran war. Treasury Secretary Scott Bessent met with UAE Central Bank Governor Khaled Mohamed Balama, who proposed a currency-swap line to provide inexpensive dollar access. While such swaps are typically Federal Reserve decisions, the Trump administration has previously used Treasury funds for bailouts. The UAE is not a major U.S. trading partner (2024 trade totaled $47.9 billion, compared to $909 billion with Canada), yet administration officials including National Economic Council Director Kevin Hassett signaled openness to assistance.
• Trump indicated openness to UAE financial bailout tied to Trump Organization business relationships — On April 22, 2026, Trump indicated he was open to offering the United Arab Emirates a taxpayer-funded financial bailout to offset economic losses from the Iran war. The UAE has extensive business partnerships with the Trump Organization and multiple financial ties to the Trump family. The proposed bailout would use federal funds to benefit a foreign government with direct financial interests in Trump family enterprises.
• UAE requests U.S. financial backstop for Iran war damage — Officials from the United Arab Emirates asked Treasury Secretary Scott Bessent and Treasury and Federal Reserve officials whether the U.S. will provide a financial backstop for the UAE if the Iran war continues to damage its economy.
• UAE warns Trump administration of dollar destabilization risk — The United Arab Emirates quietly warned the Trump administration that if the Iran conflict is not resolved, it will face dollar destabilization. The warning represents a private diplomatic signal from a key Gulf ally regarding economic consequences of prolonged conflict.

Supporting reports

• Trump administration removed restrictions on Nvidia chip sales to foreign countries — Following contact between Nvidia's CEO and White House officials facilitated by David Sacks, the Trump administration removed restrictions on Nvidia's chip sales to foreign countries. The change could net Nvidia as much as $200 billion.
• David Sacks advises White House on AI and cryptocurrency while investing in affected companies — The New York Times reported that David Sacks, a technology entrepreneur and early associate of Peter Thiel and Elon Musk, advises the White House on AI and cryptocurrency policy while simultaneously investing in companies that benefit from those policies. Sacks facilitated contact between Silicon Valley leaders, including Nvidia's CEO, and White House officials. Shortly after, the government removed restrictions on Nvidia's chip sales to foreign countries, a change potentially worth $200 billion to the company.

Supporting reports

• Trump administration removed restrictions on Nvidia chip sales to foreign countries — Following contact between Nvidia's CEO and White House officials facilitated by David Sacks, the Trump administration removed restrictions on Nvidia's chip sales to foreign countries. The change could net Nvidia as much as $200 billion.
• David Sacks advises White House on AI and cryptocurrency while investing in affected companies — The New York Times reported that David Sacks, a technology entrepreneur and early associate of Peter Thiel and Elon Musk, advises the White House on AI and cryptocurrency policy while simultaneously investing in companies that benefit from those policies. Sacks facilitated contact between Silicon Valley leaders, including Nvidia's CEO, and White House officials. Shortly after, the government removed restrictions on Nvidia's chip sales to foreign countries, a change potentially worth $200 billion to the company.

Supporting reports

• World Liberty Financial crypto token launches to public trading — Trump's World Liberty Financial crypto token began public trading on September 1 at $0.30 per share, declining 24.2% to $0.212 within the first 24 hours. Eric Trump announced the launch in Japan, describing it as setting "a new standard for financial freedom." The bulletin characterizes the venture as Trump's "biggest grift of all-time," with Trump positioned to profit several billion dollars regardless of investor outcomes.
• Trump launches World Liberty Financial token trading with regulatory favoritism and undisclosed conflicts of interest — On September 1, 2025, the World Liberty Financial (WLFI) cryptocurrency token began public trading, marking the culmination of a scheme by Trump and his sons to monetize the presidency. Trump personally owns 15.75 billion WLFI tokens and receives 75% of initial sales proceeds. The token was structured to evade SEC securities laws by restricting resale and claiming governance voting rights held exclusively by insiders. Trump's administration has dismantled crypto enforcement units, nominated a crypto-industry advocate (Paul Atkins) as SEC chair, and halted prosecution of crypto entrepreneur Justin Sun—who invested $75 million in WLFI—in exchange for a settlement. Trading platforms including Binance, Coinbase, and Kraken listed WLFI after Trump dropped prosecutions against them.
• Justice Department disbands crypto crimes investigation unit — The Trump administration disbanded the Justice Department unit responsible for investigating cryptocurrency crimes. According to an internal memo, the unit will henceforth focus exclusively on protecting crypto investors and companies from hackers and other threats, rather than investigating criminal activity by crypto actors. This elimination of federal crypto crime investigation capacity removes a key enforcement mechanism that could constrain illegal activity in the sector where Trump holds massive personal financial interests.
• Trump administration drops prosecutions against major crypto exchanges in exchange for WLFI listings — Trump dropped prosecutions against three major cryptocurrency exchanges—Binance, Coinbase, and Kraken—enabling them to list the World Liberty Financial token on its first day of trading. The article states: "Trump, however, ingratiated himself with these platforms by dropping prosecutions against companies like Binance, Coinbase, and Kraken. All three of these companies listed WLFI on its first day of trading." This quid pro quo arrangement—prosecutorial leniency in exchange for preferential treatment of the president's personal financial asset—directly links law enforcement discretion to the president's financial interests.
• Trump's cryptocurrency holdings valued at $5 billion, creating conflict of interest — Trump's interest in a cryptocurrency venture was valued at approximately $5 billion on paper, exceeding the combined value of all his other assets. Fox Business host Stuart Varney characterized the arrangement as a "clear conflict of interest," noting that crypto-friendly legislation from the president would directly benefit his personal and family financial interests. The deal would not be occurring absent Trump's presidential position.
• SEC drastically cuts crypto enforcement unit staffing — Following Paul Atkins's confirmation as SEC chairman in April 2025, the agency drastically reduced staffing in its crypto enforcement unit. This reduction in enforcement capacity directly correlates with the launch of World Liberty Financial and the removal of regulatory obstacles to Trump's cryptocurrency scheme. The staffing cuts eliminate the agency's ability to investigate or prosecute crypto-related securities violations.
• Eric Trump launches American Bitcoin cryptocurrency mining company — Eric Trump launched American Bitcoin, a cryptocurrency mining company, on September 3, 2025. According to reporting by Kyle Khan-Mullins and Dan Alexander of Forbes, Eric Trump is now worth at least $3.2 billion as a result of this venture and related Trump family cryptocurrency activities, including the Monday launch of WLFI cryptocurrency which netted the family approximately $5 billion on paper.
• Trump meets with tech executives including Bill Gates and Mark Zuckerberg at White House — Trump held a White House meeting with multiple technology executives including Bill Gates and Mark Zuckerberg, ostensibly tied to Melania Trump's AI safety initiative. The meeting focused on securing electricity and water resources from the government for tech companies' AI infrastructure development. The gathering prompted significant backlash from MAGA influencers and conservative figures who view Gates and Zuckerberg as enemies of Trump and the MAGA movement.

Supporting reports

• Neuralink submitted false SDB certifications across 11 federal filings since 2017 — Neuralink has repeatedly claimed small disadvantaged business status in all 11 of its filings on SAM.gov, the federal government's contracting database, since 2017. Many filings were signed by Jared Birchall, Musk's chief of staff and Neuralink's CEO, who attested under penalty of criminal prosecution and civil liability under the False Claims Act that the company's representations were accurate. The SDB designation remains visible on Neuralink's main SAM.gov profile page. In three separate filings (September 2020, May 2021, August 2021), Neuralink responded affirmatively to questions about seeking federal financial assistance, grants, or loans while maintaining the false SDB certification.
• Musk directed federal DEI program cuts while Neuralink claimed diversity program benefits — While leading the Department of Government Efficiency (DOGE), Elon Musk directed the termination of federal diversity, equity, and inclusion (DEI) initiatives and purged federal DEI grants and contracts for minority-owned businesses, including legitimate small disadvantaged businesses. Simultaneously, Neuralink—Musk's company—falsely claimed SDB status to access the same federal diversity programs Musk was publicly attacking and dismantling. Musk has stated that "DEI is just another word for racism" and described it as "actually illegal," while his company exploited the SDB designation for potential federal contracting advantages.