Posts tagged #Trump administration

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Investigating The President

My favorite thing about building research tools like the map of the Trump family’s crypto empire is when someone else does something great with them. Glad I could help Coffeezilla with this one; it’s a really clear explanation of how Trump is getting rich off the presidency.

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Mapping Trump’s crypto empire
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Donald Trump · World Liberty Financial · $TRUMP · Binance · Justin Sun · Clarity Act · Steve Witkoff · Zach Witkoff · Eric Trump · Donald Trump Jr. · Melania Trump · Coffeezilla
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Here’s a small sample of the letters from Democratic members of Congress I’ve covered since Trump took office. Most were ignored, but they laid the groundwork for what they need to do in January.

First page of the document

Oct 8, 2026 → Brandon Lutnick, Chairman, Cantor Fitzgerald

from Sen. Richard Blumenthal, Ranking Member, Permanent Subcommittee on Investigations

… illicit use of cryptocurrencies and the Trump Administration’s selfenrichment and self-dealings with cryptocurrency firms. President Trump has made over $2 billion since his return to office, with most of this sum coming from his family’s crypto ventures. … Cantor Fitzgerald’s former Chairman and current Secretary of the Department of Commerce, Howard Lutnick, has made over $250 million in that same time period, …

full letter (PDF) · highlights mine

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Elizabeth Warren · Richard Blumenthal · Brandon Lutnick · Howard Lutnick · Paul Atkins · Jonathan Gould · Palmer Luckey · Todd Blanche · Zach Witkoff
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This WSJ investigation exposes yet more Tether-related corruption at the White House, revealing that they paid Bo Hines' consulting firm millions as he was ensuring the Genius Act stablecoin law would benefit them.

I needed a diagram.

Diagram showing how former White House crypto council officials Bo Hines and Harry Jung connect to the consulting firm NXUM, Tether and Tether US, the Fellowship PAC, Cantor Fitzgerald, and Commerce Secretary Howard Lutnick, including payments of $6.3M+ from Tether and $6.5M+ from the PAC to NXUM, and a loan from Tether to Lutnick.
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Bo Hines · Wall Street Journal · Genius Act · Tether
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Other platforms will soon follow, a senior administration official told POLITICO on Tuesday. “We got Lake America changed on Google Maps, and many other maps are changing in a couple days. And Wikipedia is going to change as well,” said the official, who was granted anonymity to speak frankly.

↗ read in context

A Wikipedia editor put it well: "You almost want to pat them on the head and say 'Yes, of course it will' in the same way you'd tell a small child that Santa Claus will be delivering their presents."

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“Trump's Lake America push forces tech to pick a side”
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Mapping Trump’s crypto empire on Last Week Tonight

My newest Citation Needed project made an appearance on Last Week Tonight with John Oliver! It’s a work in progress, but you can see the new interactive version of my map of the Trump family’s crypto ventures at map.citationneeded.news.

John Oliver speaking on Last Week Tonight, gesturing to an overlay of my web of the Trump family’s crypto businesses. The subtitles say “keeping track of them have wound up making diagrams like this”.

The map contains hundreds of business entities and links to the Trump family (with more being added!), augmented with data from the president’s most recent financial filings to estimate how much money is flowing in. It will be queryable by other researchers and journalists.

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The White House says Commerce Secretary Howard Lutnick properly divested from Cantor Fitzgerald by transferring leadership to his sons.

Anyway GOP officials called Lutnick about a Cantor-funded PAC planning to spend $1.75M on Ken Paxton and the PAC reversed course, but that’s probably just how independent companies behave when the former owner gets a phone call.

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Today the SEC filed a proposed final judgment to settle their lawsuit against Justin Sun and his businesses for $10 million and no admission of wrongdoing.

Sun has spent between $112 million and $233 million on contributions to Trump-linked crypto firms.

Entity: Justin Sun and Tron	// Benefit to entity: SEC enforcement case settled for $10 million fine with no admission of wrongdoing, Criminal investigation likely ended, Justin Sun added to World Liberty Financial advisory board, Tron to go public in the US in a $100 million deal brokered via Dominari Securities (where Eric and Donald Trump Jr. are board members) // Benefit to Trump and family: $100 million to purchase $TRUMP memecoins (announced but unconfirmed), $75 million to purchase $WLFI tokens from the Trump family's World Liberty Financial, $37.7 million to purchase $TRUMP memecoins (via HTX), $20 million to purchase shares of the Trump-linked Alt5 Sigma and more $WLFI (announced but unconfirmed), Listed USD1 for trading on HTX

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