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How a Trump Media deal with a crypto firm exposes potential conflicts of interest

After the SEC probe was dismissed on March 27, Crypto.com plunged roughly $1 billion of Cronos tokens into Trump Media Group CRO Strategy, forming a joint treasury venture with Trump Media and Technology Group.
During talks with regulators, Crypto.com increased lobbying, paid Jeff Miller, and donated $11 million to Trump‑linked committees while negotiating with the U.S. Securities and Exchange Commission to delay enforcement until after President Donald Trump took office.
Crypto.com invested roughly $1 billion into Trump Media, which has lost hundreds of millions and remains unprofitable, with Trump Media contributing little cash for its large stake.
Legal and ethics experts warn the sequence raises conflict concerns, while Victoria Davis, Crypto.com spokeswoman, denied any link to politics and White House press secretary Karoline Leavitt defended President Donald Trump’s trust arrangement.
The affair raises questions about crypto enforcement and the SEC's reach, while Crypto.com plans an online marketplace for Truth Social users, deepening commercial ties with Trump Media.

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How a Trump business deal with a crypto firm exposes potential conflicts of interest

Crypto.com was under siege — investigated by President Joe Biden's Democratic administration and told enforcement action was likely. Then Donald Trump won the 2024 election, and the company’s legal peril dissipated.

50 minutes ago·Washington, United States

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