A large number of US President Donald Trump’s donors have received favorable decisions and policy changes since his re-election. The British business newspaper Financial Times reports this based on its own research.
Trump donors gain political support
According to the newspaper, at least thirty individuals and companies that collectively donated more than $116 million to Trump’s campaigns and affiliated funds have benefited from decisions made by the White House. These include dismissal of lawsuits, presidential pardons and regulatory changes.
Donors include well-known names from the crypto sector, technology investors and major insurance and tobacco companies. For example, the IPO of the crypto platform Gemini is said to have been facilitated after the Securities and Exchange Commission (SEC) ended an investigation, shortly after founders Cameron and Tyler Winklevoss donated millions. The Coinbase company also received relief after a donation from its founders and investors.
Other industries also benefit
In addition to the crypto sector, traditional industries are also mentioned. Tobacco manufacturer RAI Services, for example, donated ten million dollars, after which the government removed a ban on menthol cigarettes. A major health insurer also benefited from higher rates after money went to Trump’s Super Pac.
There is no evidence of bribery or illegal arrangements, but ethics watchdogs say the scale of the favors is unprecedented. They speak of an “openly transactional” management style. The White House denies any special treatment and says decisions are made solely in the interests of the American people.
Source: https://newsbit.nl/financial-times-tientallen-donoren-van-trump-zien-juridische-en-financiele-voordelen/
