Crypto Deregulation

The Trump administration has systematically rolled back federal enforcement against the cryptocurrency industry — dropping prosecutions, withdrawing SEC and CFTC actions, and pardoning convicted crypto executives — rewarding an industry that made major political investments in Trump's return to power.

Ranked by appearances across this topic's actions.

• 
  Donald Trump

  As majority owner of Trump Media & Technology Group along with his family, stands to benefit financially from the launch and growth of Truth Predict.
  5 actions
• 
  Donald Trump Jr.

  Joined Polymarket's advisory board as a partner of 1789 Capital, lending his name and political brand to the company as it seeks re-entry into the U.S. market.
  4 actions
• 
  Roger Ver

  Avoided criminal conviction, prison, and extradition; paid $49.9 million — roughly the amount he allegedly owed in taxes in the first place — and was not required to appear in a U.S. court or admit to fraud.
  3 actions
• Chris Kise

  As Ver's lead attorney, negotiated directly with former Trump co-counsel Blanche and Bhirud, dictated key terms of the agreement including exclusion of the word 'fraud,' and was the only Ver attorney to sign the final deal.
  2 actions
• 
  Paul Atkins

  Trump-appointed SEC chairman; under his leadership the agency paused the Gemini Trust enforcement action shortly after he took office.
  2 actions
• Shayne Coplan

  Polymarket CEO who had been the subject of an FBI device seizure in October 2024; received no criminal charges following closure of the DOJ investigation.
  2 actions
• 
  Antoni Trenchev

  Co-founder of Nexo and a former Bulgarian lawmaker; appeared on stage with Donald Trump Jr. in Bulgaria to announce Nexo's US-market re-entry.
  1 action
• Arthur Hayes

  Received a presidential pardon clearing his guilty plea conviction; had been sentenced to six months of home confinement followed by two years of probation.
  1 action
• 
  Benjamin Delo

  Received a presidential pardon clearing his guilty plea conviction; had been sentenced to 30 months of probation.
  1 action
• 
  Cameron Winklevoss

  Co-founder and co-CEO of Gemini Trust; later joined the Trump-orbit Executive Branch private club in Washington as a founding member.
  1 action
• 
  Changpeng Zhao

  Received a full pardon from President Trump, clearing his federal conviction for enabling money laundering at Binance; had previously served four months in federal prison.
  1 action
• Chase Herro

  Co-executive behind World Liberty Financial who helped structure and reveal the WLFI token allocation during the announcement event.
  1 action
• 
  Eric Trump

  Named as a controlling figure of World Liberty Financial and part of the founding team receiving a portion of the 20% of tokens reserved for founders.
  1 action
• Gregory Dwyer

  Received a presidential pardon clearing his guilty plea conviction; had been sentenced to 12 months of probation and agreed to pay $150,000 in fines.
  1 action
• 
  Ketan Bhirud

  As Associate Deputy Attorney General overseeing the criminal tax division, negotiated the deferred prosecution agreement line by line with Ver's team, excluded career prosecutors from key meetings, and publicly announced the resolution as a DOJ success.
  1 action
• 
  Mark T. Uyeda

  As SEC Acting Chairman, directed the Commission to file a joint stipulation dismissing the civil enforcement action against Coinbase, framing the move as part of a broader regulatory reform effort.
  1 action
• 
  Péter Szijjártó

  Hungary's Foreign Minister; met with Donald Trump Jr. in Budapest during the President's son's paid speaking tour.
  1 action
• 
  Roger Stone

  Received $600,000 from Ver to lobby Congress on the expatriation exit tax provision, leveraging his status as a Trump insider.
  1 action
• Samuel Reed

  Received a presidential pardon clearing his guilty plea conviction; had been sentenced to 18 months of probation.
  1 action
• 
  Todd Blanche

  As Deputy Attorney General running day-to-day DOJ operations, gave his blessing to the deferred prosecution deal and directed the department's departure from its prior insistence on a guilty plea or trial.
  1 action
• 
  Tyler Winklevoss

  Co-founder and co-CEO of Gemini Trust; later joined the Trump-orbit Executive Branch private club in Washington as a founding member.
  1 action
• Zachary Folkman

  Co-executive behind World Liberty Financial who publicly disclosed the WLFI token distribution breakdown during the livestream announcement.
  1 action

Ranked by appearances across this topic's actions.

• 
  Securities and Exchange Commission

  Agreed to dismiss its appeals of the $125 million fine and injunction, ending active litigation against Ripple Labs under the more crypto-friendly Trump-era SEC leadership.
  5 actions
• 
  Polymarket

  Received an undisclosed strategic investment from 1789 Capital and added Donald Trump Jr. to its advisory board, as the company works to expand its U.S. footprint.
  3 actions
• 
  U.S. Department of Justice

  Executed the deferred prosecution agreement, abandoning an eight-year criminal tax indictment and accepting a monetary payment in lieu of a guilty plea or prison sentence — the only tax prosecution the administration killed outright.
  2 actions
• 
  1789 Capital

  Made an undisclosed strategic investment in Polymarket and facilitated Donald Trump Jr.'s placement on Polymarket's advisory board.
  1 action
• 
  Coinbase

  Had the pending civil enforcement action against Coinbase Inc. and Coinbase Global Inc. dismissed by the SEC, ending the litigation.
  1 action
• 
  Commodity Futures Trading Commission

  Issued a formal declination notice to Polymarket, closing the civil investigation with no further action taken.
  1 action
• Crypto.com

  An affiliate of Crypto.com is partnering with Trump Media to power the Truth Predict platform.
  1 action
• Gemini

  Cryptocurrency exchange whose long-running SEC enforcement case was placed on hold by Trump-installed agency leadership.
  1 action
• 
  Hungary

  Government of Hungary; arranged a ministerial meeting between Foreign Minister Szijjártó and the US President's son during a paid commercial tour.
  1 action
• 
  Kalshi

  Appointed Donald Trump Jr. as Strategic Advisor, announcing the role publicly and framing it as a milestone for the company's growth and mainstream ambitions.
  1 action
• Nexo

  Cryptocurrency platform that paid Donald Trump Jr. to appear at a Bulgaria event and used the platform to announce its re-entry into the US market — two years after the SEC fined it $45M and forced it out of the country.
  1 action
• Portfolio Hungary

  Hungarian business-news outlet that sponsored and paid for the Budapest dinner where Donald Trump Jr. appeared as a paid speaker.
  1 action
• 
  Ripple Labs

  Had the SEC's active lawsuit and appeals against it dropped, ending years of high-profile litigation; retains the $125 million fine and injunction but avoids further enforcement escalation.
  1 action
• 
  Robinhood

  Had its crypto arm's SEC investigation closed with no enforcement action, eliminating significant legal exposure after receiving a Wells notice in May 2024.
  1 action
• 
  Trump Media & Technology Group

  Launched Truth Predict, a crypto prediction market, as a new product of its Truth Social platform, entering a market made viable in the US by the Trump administration's regulatory posture.
  1 action
• 
  World Liberty Financial

  The newly announced cryptocurrency platform whose token structure was revealed; set to conduct a public token sale representing 63% of WLFI supply.
  1 action

Derived from the organizations and individuals involved.

• Consumer Goods & Hospitality
• Cryptocurrency
• Defense & Aerospace
• Energy & Environment
• Federal Government
• Financial Services
• Foreign Governments
• Investment Firms
• Media & Entertainment
• Political Committees & Political Money
• Prediction Markets
• Private Foundations & Donor Networks
• Technology & AI
• Telecommunications
• Trump Family Business