Trump Action Archive

Supporting reports

• DHS purchases five aircraft at markup from Kristi Noem donor on her last day as secretary — On Kristi Noem's final day as secretary of homeland security, the Department of Homeland Security purchased five aircraft at a considerable markup from one of Noem's political donors. The most expensive aircraft—a Boeing 737 converted into a private jet featuring marble showers and a manta ray skin-covered table—cost the department $108 million. The timing and pricing of the purchase raise questions about whether the transaction was conducted at fair market value and whether Noem's personal political relationships influenced a major government procurement decision.

Supporting reports

• Army announced armored vehicle "excess," but Congress continued funding; defense contractor employees donated to key appropriators — The U.S. Army announced last year that it had enough of a specific model of armored vehicle and that further deliveries would be "excess." Despite this, Congress continued funding the vehicle. In the weeks after the appropriations bill passed, employees of AM General or its parent company donated tens of thousands to key appropriations committee members, including Sen. Susan Collins (R-ME) and Rep. Ken Calvert (R-CA). After the Army's "excess" announcement, employees and the company's PAC donated over $58,000 to committees associated with Collins. The Intercept notes there is no indication this was part of a formal pay-to-play scheme, but it demonstrates how Collins's campaign account has grown with help from defense contractors doing business with the government.
• Congress funds armored vehicle despite Army rejection; manufacturer floods Congress with donations — After the U.S. Army announced it did not need additional units of a specific armored vehicle, Congress passed funding for the vehicle anyway. In the weeks following the funding passage, executives at the manufacturing company donated heavily to key members of Congress, including Senator Susan Collins (R-ME). The sequence suggests potential quid pro quo dynamics between defense contractors and congressional appropriators, raising concerns about whether defense spending decisions are driven by military need or corporate influence.

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• Kalshi bans George Santos from prediction platform for life — Kalshi, a prediction-market platform, announced a permanent lifetime ban and $71,356 fine against former congressman George Santos on Monday. Federal regulators (CFTC) accused Santos of profiting from bets tied to his own attendance at Trump's State of the Union address in February 2026, allegedly exploiting weather forecasts to manipulate contract values. Santos's refusal to cooperate fully with Kalshi's internal investigation elevated the penalty from temporary to permanent. He had previously settled a CFTC case in July for $35,000 and a three-year trading ban.

Supporting reports

• Meta agreed to pay $17.1 billion settlement over claims it endangered children with addictive platforms — Meta agreed to pay up to $17.1 billion as part of a settlement agreement over claims that the company endangered children with addictive social media platforms. The settlement represents one of the largest corporate penalties related to child safety and platform design practices intended to maximize user engagement regardless of developmental harm.

Supporting reports

• Trump pardons Binance founder Changpeng Zhao — Trump granted a pardon to Changpeng Zhao, Binance's ex-CEO and founder, who had pleaded guilty in U.S. federal court to violating the Bank Secrecy Act and failing to maintain an effective anti-money-laundering program. Zhao served a four-month jail term in 2024 before receiving the pardon in 2025. Zhao still owns 90 percent of Binance, which has been plagued by money-laundering violations and internal findings of $1.7 billion in crypto moving to Iranian entities linked to terrorism.
• Trump settles $10 billion IRS lawsuit with immunity provision — Trump used the Department of Justice to forge a settlement of his $10 billion lawsuit against the IRS regarding a leak of his tax returns. The settlement grants Trump and his family immunity from IRS audits of prior tax returns and could save him approximately $100 million. A federal judge later found that because Trump controlled both sides of the case, there was no genuine adversity of parties to provide the court with jurisdiction, characterizing the arrangement as essentially a gift to Trump at taxpayer expense.
• Trump uses presidency to amass $2.2bn in personal revenue through crypto, Truth Social, and foreign deals — Donald Trump has generated approximately $2.2 billion in personal revenue during his second presidency through multiple ventures: $1.4 billion from cryptocurrency holdings (including $799 million from World Liberty Financial and $636 million from his $Trump memecoin), a $100,000-per-month Truth Social scheme offering wealthy buyers early access to presidential posts, a $10 billion IRS settlement providing tax immunity, and a $400 million plane gift from Qatar. Ethics experts and congressional Democrats have raised corruption concerns, noting that Trump has declined to place assets in a blind trust and has dismantled regulatory guardrails that previously constrained presidential conflicts of interest.
• Trump's World Liberty Financial receives $2 billion UAE investment in Binance deal — Trump's World Liberty Financial (WLF), co-founded by Trump and his sons with Steve Witkoff's family in fall 2024, received a central role in a $2 billion investment by Abu Dhabi's MGX fund (backed by the United Arab Emirates) into Binance, the world's largest crypto exchange. The deal involved MGX purchasing $2 billion of WLF's USD1 stablecoin for investment in Binance. This arrangement occurred despite Binance's 2023 guilty plea to money-laundering violations, a $4.3 billion DOJ fine, and internal findings that $1.7 billion in crypto moved through Binance to Iranian entities linked to terrorism.
• Truth Social launches $100,000-per-month early-access scheme for wealthy investors — Trump's Truth Social media business announced a new scheme offering wealthy buyers special early access to Trump's posts for a fee of $100,000 per month, dubbed Truth API. The product would provide institutional investors with high-speed access to non-public presidential communications before public release. Democratic senators Mark Warner, Elizabeth Warren, and Adam Schiff, along with ethics watchdog groups, have raised serious conflict-of-interest and corruption concerns, characterizing the arrangement as insider trading and a step toward normalizing public corruption.
• Trump accepts $400 million plane gift from Qatar — Trump circumvented the Constitution's prohibition on foreign emoluments by accepting a $400 million plane as a gift from Qatar. This arrangement, along with other wealthy foreign backing of Trump family hotel and golf deals abroad, has raised concerns among critics about violations of the Foreign Emoluments Clause.
• Businessman under UK money-laundering investigation invested $100 million in Trump crypto — The New York Times reported that a businessman once under investigation in the UK for money laundering became one of the biggest buyers of tokens from Trump's cryptocurrency company, spending $100 million through a newly formed firm. As much as three-quarters of the money ultimately went to a company controlled by Trump and his sons.

Supporting reports

• Trump's memecoin investors lost $3.81 billion as coin value collapsed 97% — As of June 30, nearly one million people who purchased Trump's memecoin lost a combined $3.81 billion while Trump personally extracted $636 million in transaction fees taken upfront. The coin's value collapsed from $75.35 to $1.76, a 97% decline. Trump had promoted the coin with messaging such as "It's time to celebrate everything we stand for: WINNING!" and "Join my very special Trump community. GET YOUR $TRUMP NOW!"

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 purchased stocks before announcing tariff pause, profiting from market movement — Federal filings revealed that the day before Trump paused his tariffs for 90 days, his investment accounts purchased as much as $12.8 million worth of stocks at market lows caused by the tariffs. Trump's announcement of the pause caused a historic stock market spike, with the S&P 500 jumping nearly 10%, one of the largest single-day gains in its history. Trump failed to report the transactions for almost a year past the required deadline; the penalty for late filing is only $200.

Supporting reports

• Trump took out $50 million loan with undisclosed terms and purpose — Financial filings revealed Trump took out a loan for more than $50 million in the past year. However, the filings do not disclose why he needed the money, how he used it, what assets he used as collateral, the exact amount borrowed, or when repayment is due. The lack of transparency regarding a major presidential loan raises questions about potential conflicts of interest or undisclosed financial obligations.

Supporting reports

• Trump’s Financial Disclosure Reveals $2.2 Billion Earnings — President Trump disclosed earnings of $2.2 billion in the first year of his second term, with $1.4 billion from cryptocurrency businesses. This marks a significant increase from his 2024 earnings. Additionally, Trump hosted election denier Tina Peters in the Oval Office, who was recently granted clemency after a conviction for tampering with voting machines.
• Trump earned $2.3 billion while cryptocurrency investors lost equivalent amount — Analysis of Trump family and cryptocurrency venture investor gains and losses showed the Trump family took approximately $2.3 billion in income since the beginning of Trump's second presidency, while investors in those same ventures lost approximately the same amount. The pattern demonstrates a direct transfer of wealth from retail investors to the Trump family through cryptocurrency ventures.
• Trump family structured cryptocurrency ventures to extract front-end fees while investors absorbed losses — Analysis of Trump's cryptocurrency ventures revealed the family structured deals so Trump extracted hundreds of millions in transaction fees on the front end. When the coins subsequently plummeted in value, outside investors holding the coins suffered vast losses while Trump had already secured his profits. The structure allowed Trump to profit regardless of the long-term performance of the cryptocurrency products he promoted.
• Trump financial disclosure reveals $2.2 billion in first-year earnings from presidency — Trump's financial disclosure for his first year back in office revealed he earned approximately $2.2 billion, including $1.4 billion from family cryptocurrency businesses and $636 million from the $TRUMP memecoin. The New York Times reported Trump stated "nobody cared" about conflicts of interest. Trump made 22,000 stock transactions in 2025, compared to President Biden's 13 transactions over four years. Mar-a-Lago membership fees rose to $1 million, generating $77.5 million annually—triple 2020 levels and 50% above 2024.
• Trump administration deregulates crypto industry — Under President Trump's second administration, the Securities and Exchange Commission (SEC) has significantly reduced its regulatory actions against the crypto industry. A New York Times investigation found that the SEC eased up on over 60% of ongoing crypto cases. Notably, the SEC dismissed enforcement cases against major crypto exchanges like Coinbase, Binance, Kraken, and Robinhood's crypto arm, all of which list and promote Trump's $TRUMP coin. This deregulation has facilitated increased trading volume and boosted Trump's financial returns from his crypto ventures.
• Trump earns $636 million from meme coin venture — President Donald Trump earned $636 million from his meme coin business, CIC Digital LLC, primarily through royalties from a license agreement with Celebration Coins. This income is part of the $1.4 billion Trump reported from crypto-related businesses in his financial disclosure. Despite Trump's significant earnings, investors in the $TRUMP coin have faced substantial losses, with the coin's value dropping by 97% since its launch. A Reuters investigation revealed that buyers invested at least $1.2 billion into $TRUMP, but their holdings were worth only $521 million as of April 30, 2026.
• Trump's Presidential Earnings Reach $2.2 Billion in First Year of Second Term — According to a new financial disclosure, Trump made $2.2 billion in the first year of his second term as president, compared to $622 million in 2024. Of the $2.2 billion, $1.4 billion came from his family's cryptocurrency businesses, making Trump the highest crypto earner in the United States. The disclosure reveals unprecedented personal enrichment while serving as president.
• Trump family crypto ventures generated over $1bn in first year of second term, disclosed in 927-page ethics filing — A 927-page financial disclosure released by the US Office of Government Ethics on Tuesday revealed that President Trump received over $2.2bn in total income last year, including more than $1bn from cryptocurrency ventures. World Liberty Financial, a joint venture between the Trump family and Middle East envoy Steve Witkoff's family, generated over $500m from governance token sales. CIC Digital LLC produced over $600m from Trump-branded meme coins launched days before inauguration. The disclosures prompted Democratic senators, including Elizabeth Warren, to demand tighter congressional rules preventing political figures and their families from profiting off the crypto industry.
• Trump Reports $1.4 Billion Income from Cryptocurrency Ventures — A federal filing revealed that President Trump earned approximately $1.4 billion from cryptocurrency ventures last year, including significant profits from a venture with his sons and other investments. This financial disclosure raises questions about potential conflicts of interest and the administration's regulatory stance on cryptocurrencies.
• Trump's 2025 financial disclosure reveals $2.2 billion in income, including $1.2 billion from crypto venture — Trump's financial disclosure for 2025 itemizes $2.2 billion in income across 927 pages, with a crypto business generating approximately $1.2 billion in a single year—exceeding decades of real estate empire earnings. The largest single payday was $635 million in royalties from the $TRUMP meme coin, which has since crashed approximately 95% from its launch, destroying billions in value for small investors. The disclosure also includes tens of millions from legal settlements with media and tech companies.
• Trump's financial disclosure revealed $1.4 billion in crypto income — Trump's annual financial disclosure released Tuesday showed more than $1.4 billion in crypto income for 2025, making it his single largest source of money. This income stream exists while his administration writes the rules governing the cryptocurrency industry, creating a direct conflict of interest between personal financial gain and regulatory authority.

Supporting reports

• Trump Family Profits from Kazakhstan Mining Deal — The New York Times reported that Donald Trump Jr. and Eric Trump acquired a 20% stake in a company linked to a billion-dollar mining deal with Kazakhstan, secured by the Trump administration. The report also highlights financial ties between the Trump family and companies benefiting from federal mining contracts. The Trump Organization demanded a retraction, but did not deny the profits from the deal.
• — The New York Times reported that within weeks of the Trump administration securing a billion-dollar mining deal with Kazakhstan's president, a firm partly owned by Donald Trump Jr. and Eric Trump took a 20% stake in an entity connected to the project. The Trump family or Commerce Secretary Howard Lutnick's family has financial ties to at least 14 companies working with the federal government on mining deals, all of which have benefited directly from the administration.

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 uses UFC event on White House lawn as fundraising vehicle through sponsorship packages — Trump is using a planned Ultimate Fighting Championship event to be held on his birthday on the White House lawn as a mechanism for donors to funnel money to him. Although the UFC is paying for the event and expects to lose up to $30 million, and tickets are technically free, Trump controls ticket distribution. Sponsorship packages including ringside seats have sold for $1 million or more, with neither the White House nor UFC disclosing where the money goes.

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• Reynolds American donates $5 million to Trump Super PAC before FDA reversal on flavored vapes — Reynolds American, through its RAI Services subsidiary, donated $5 million to MAGA Inc. on April 30, 2026. Two days later, Trump met with Reynolds executives and Reynolds lobbyist Brian Ballard at Trump's golf club in Jupiter, Florida. At the meeting, executives complained about the prohibition on fruit-flavored vapes, banned due to their appeal to children. Trump interrupted the meeting to call FDA Commissioner Marty Makary. Within a week, the FDA produced new guidance facilitating Reynolds and other companies to resume selling fruit-flavored vapes. Makary reportedly resigned in protest.

Supporting reports

• EPA dismantles environmental protections and regulatory enforcement — EPA Administrator Lee Zeldin has pursued a deregulatory agenda including rolling back drinking water standards for PFAS ("forever chemicals"), weakening protections against air pollutants such as mercury and arsenic, greenlighting pesticides with known health risks, proposing safe exposure levels for the carcinogen formaldehyde, declining to regulate endocrine-disrupting chemicals in consumer products, and canceling millions of dollars in research grants on chemical and pollutant health effects. The agency has also invited companies to email for exemptions from air pollution standards. One major beneficiary is Bayer, which received an executive order exemption from lawsuits for endangering public health after making large campaign contributions to Trump.
• Trump administration declares glyphosate production a national security issue via executive order — The Trump administration issued an executive order declaring protection of glyphosate production a national security issue. This action was cited by protesters and lawmakers as evidence of executive support for Monsanto/Bayer and against consumer protection. The order was announced in the context of the Supreme Court hearing on glyphosate liability.

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 purchased Micron stock before publicly touting the company on Fox News — On March 25, 2026, President Trump purchased between $50,000 and $100,000 in Micron stock in an "unsolicited" transaction. The next day, March 26, Trump called into Fox News' "The Five" and publicly praised Micron as "one of the hottest companies," stating he had recently met with Micron's top executive. Between March 2 and March 25, Trump purchased between $217,000 and $530,000 in Micron stock, including four unsolicited transactions. These purchases and the timing of Trump's public remarks about Micron had not previously been reported. The transactions were disclosed on May 14.

Supporting reports

• DOJ settled with pardoned Michael Flynn for $1.2 million — The Justice Department reached a settlement with pardoned former Trump national security adviser Michael Flynn, awarding him $1.2 million in taxpayer funds. Flynn had previously pleaded guilty to lying to the FBI about his conversations with Russia's ambassador to the United States and was later pardoned by Trump. The settlement represents a reversal of the government's position against Flynn.
• Justice Department Settles with Michael Flynn — The U.S. Department of Justice has reached a settlement with Michael Flynn, a former national security advisor to Donald Trump. This settlement is part of a series of financial agreements that have resulted in Trump allies receiving substantial sums of taxpayer money. The details of the settlement have not been disclosed, but it continues a pattern of financial dealings involving individuals close to the former president. This development raises questions about the use of public funds and the accountability of government financial settlements.
• Michael Flynn and DOJ settled political targeting lawsuit — Michael Flynn and the Department of Justice agreed to settle a lawsuit filed by Flynn over his claims of political targeting in a 2017 case in which he initially pleaded guilty. A judge had previously tossed Flynn's lawsuit in 2024. His attorneys filed an amended complaint last June after Trump took office. Flynn served as National Security Advisor during Trump's first term before resigning after less than a month.
• DOJ announced settlement with Michael Flynn — The Department of Justice announced a settlement with Michael Flynn, Trump's former national security advisor who pleaded guilty to lying to the FBI about conversations with Russian operative Sergey Kislyak before Trump took office. Trump later pardoned Flynn, who subsequently worked to overturn the 2020 presidential election results. Flynn had sued the DOJ for $50 million in damages in 2023, claiming wrongful prosecution due to his association with Trump. A federal judge dismissed the lawsuit in 2024, but Flynn's lawyers renewed the case after Trump's reelection, leading to DOJ negotiations. The settlement amount was approximately $1.2 million.
• DOJ announces settlement with Michael Flynn — The Department of Justice announced a settlement with Michael Flynn, Trump's former national security advisor, who had previously pleaded guilty to lying to the FBI. Flynn's lawsuit against the DOJ for $50 million was dismissed, but negotiations led to a settlement, reportedly amounting to approximately $1.2 million.

Supporting reports

• Trump profited $4.05 billion from presidency in first year — The New Yorker's David Kirkpatrick calculated that Trump and his immediate family made $4.05 billion in the past year off the presidency, using a conservative methodology that excluded pre-existing businesses, long-standing extensions of those businesses, and illiquid assets like Truth Social shares. Even with these exclusions, the figure reached $3.4 billion by August 2025, with additional profits accumulated since then. The calculation does not account for political fundraising or assets that could not be readily liquidated.

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• Trump administration claims US oil companies will invest billions in Venezuelan oil production; industry expresses skepticism — President Trump predicted that major US oil firms (ExxonMobil, ConocoPhillips, Chevron) will rapidly invest tens of billions of dollars to rebuild Venezuelan oil infrastructure and increase production following the rendition of President Nicolás Maduro. Trump claimed production could be "up and running" in less than 18 months. However, industry experts and the oil companies themselves have expressed caution, citing lack of government guarantees for reimbursement and uncertainty about Venezuela's political future. Analysts estimate actual timelines of 2–3 years minimum, with total costs potentially reaching $80–90 billion.
• Trump told NBC U.S. taxpayers will fund Venezuelan oil extraction — Trump told NBC that the U.S. oil industry could have Venezuelan oil exploitation "up and running" in less than 18 months, but that U.S. taxpayers will have to pay a substantial amount to make it happen. Trump stated that oil companies will spend money on extraction and upgrading, "and then they'll get reimbursed by us."

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• Anonymous Polymarket account placed $30,000 bet on Maduro ouster hours before Trump announced his capture, profiting $400,000 — On January 2, 2026, hours before Trump announced the U.S. had captured Venezuelan President Nicolás Maduro, an anonymous Polymarket account bet over $30,000 that Maduro would be ousted. At the time of the bet, Polymarket showed only an 8% probability of this outcome. By the next morning, the account cashed out over $400,000 in winnings. The account, created in December 2025, had placed its first bet on December 27 for $96 predicting a U.S. invasion of Venezuela, followed by several related bets in the following days. Experts on prediction markets and insider trading told news outlets the bets had hallmarks of insider trading, citing the late-night timing, large amount, and unregulated market.

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• Trump administration's $20 billion Argentina bailout revealed to benefit Treasury Secretary's personal associate — Popular Information revealed that the Trump administration's $20 billion bailout of Argentina would benefit hedge fund billionaire Robert Citrone, a personal friend and former colleague of Treasury Secretary Scott Bessent. The reporting became national news, covered by CNN, The New Yorker, The New York Times, and CNBC. Over 50 members of Congress cited Popular Information's work in a letter demanding answers from Secretary Bessent about his ties to Citrone.

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• 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

• Binance enables trading of Trump-linked cryptocurrencies days after CZ pardon — On October 29, 2025, Binance's U.S. exchange announced it would begin allowing trading of USD1 and WLFI, two cryptocurrencies issued by World Liberty Financial, a company co-founded by Trump and his sons. Trump reportedly owns 15.7 billion WLFI tokens (over 15% of total supply). USD1 is a stablecoin whose reserve assets generate profit for Trump and other owners. The move expands the pool of American investors and directly benefits Trump financially by increasing demand and token value.
• Binance invested $2 billion in Trump-owned stablecoin — Earlier in 2025, Binance accepted a $2 billion investment from an Abu Dhabi investment fund in USD1, a stablecoin issued by World Liberty Financial and owned in part by Trump. The transaction immediately gave USD1 legitimacy and liquidity, and has likely already generated tens of millions for Trump and other World Liberty Financial owners. Binance also wrote the basic code to power USD1 for World Liberty Financial, further deepening the financial relationship.