Trump Accountability Watch: Trump Profits Off the Presidency While Congressional Republicans Put Health Care on the Line
This week, Donald Trump and his allies
in Congress are marching toward another betrayal of working families as
they push forward deep cuts to health care and food assistance. It
comes as House Republicans advanced the largest cuts to Medicaid and
SNAP in history – which would result in 14 million Americans losing
health coverage, 3 million households going without food assistance, and
an increased burden for millions with higher education and energy
costs. All while adding over $4 trillion to the deficit.
The devastating cuts are all to fund a tax giveaway to benefit Trump, his family, and their billionaire friends. A recent analysis
from Accountable.US revealed that of the top 35 richest congressional
Republicans, worth $2.5 billion collectively, 28 sit on key committees
overseeing cuts, and all are able to take advantage of Trump-endorsed tax cuts aimed to benefit the wealthy. It’s the latest example laid bare in Accountable.US’s Cash in Congress project, which has made clear how Congressional Republicans are putting their own bottom line ahead of regular Americans.
As Americans see essential benefits
intended to help those in need wiped away, Trump’s failed agenda is
making it harder and harder for ordinary families to get ahead. Trump’s
tariff rollercoaster is injecting chaos and uncertainty into the economy
– hurting small businesses, tanking consumer confidence, shrinking American manufacturing, and driving up costs on everything from cars and electronics to shoes.
But none of that has mattered much to
Trump, who continues to use the bully pulpit to sell presidential access
to the highest bidder. In his latest potential pay-to-play scheme, this
week, Trump’s SEC announced it had voluntarily dismissed
its lawsuit against Binance, the world’s largest crypto exchange, for
allegedly misleading investors about trading controls, among other
accusations. The news comes after Binance was involved in a $2 billion
business deal using Trump’s cryptocurrency coins – potentially
generating “tens of millions of dollars a year in revenue for the Trump family and its partners at World Liberty.”
While Americans struggle to get by, Trump and his family are cashing in
at their expense. It comes after Trump held an openly corrupt gala for
top holders of Trump’s cryptocurrency meme coin $TRUMP, in which 80% of the Top 25 winners appeared to be either foreign or regulation dodgers. Last month, Accountable.US hosted a press call sounding the alarm on the dinner, which was one of Trump’s biggest corrupt self-enrichment crypto schemes to date.
As Trump and his allies in Congress advance a massive tax scam
for the wealthy, the out-of-touch records of the President’s initial
judicial nominees have come to light:
- Trump handpicks his defense attorney and “hatchet man,” Emil Bove for lifetime judicial nomination: Last week, Donald Trump made one of his most extreme judicial nominations to date by nominating Emil Bove III to a lifetime appointment on the Third Circuit Court of Appeals. Bove is a far-right ideologue who has emerged as Trump’s “enforcer” and his “hatchet man”
in the Justice Department. At DOJ, Bove has forced transfers of top
nonpolitical officials opposing political interference, fired Capitol
riot prosecutors, and sought after FBI agents involved in January 6th
cases. Bove repeatedly made longshot arguments, often shot down by
judges. Earlier this year, Bove created chaos in the Justice Department
after dropping
the corruption charges against New York City Mayor Eric Adams. Eight
veteran attorneys resigned in protest, and Bove represented the
government himself, alone, in a highly unusual move following the
internal turmoil and chaos.
- Trump judicial nominees at the center of effort to revive case to ban mifepristone: Last week, new research
from Accountable.US revealed that two of President Donald Trump’s
initial judicial nominees, Joshua Divine and Maria Lanahan, are at the
forefront of the push to revive a court case banning medication
abortion. Last year, the Supreme Court ruled against an extreme
far-right effort to strip the FDA of its science-based, decades-long
approval of mifepristone. Now, Trump nominees Divine and Lanahan are
pushing to resurrect the case with an amended complaint, which absurdly argues states are being harmed by fewer teen pregnancies
because loss of potential population caused “diminishment of political
representation” and “loss of federal funds.” The lawsuit also peddles
false claims that mifepristone is unsafe for patients, despite over 100 scientific studies confirming the safety of the pills. Divine and Lanahan’s efforts have also been called out
as a “nakedly political and judge-shopping ploy,” as the case was
refiled out of state in Amarillo, Texas, to ensure it’s heard by a
favorable judge.
ACCOUNTABLE.US IN THE NEWS:
Bloomberg: Trump’s World Liberty to Mainly Sell Digital Tokens to Investors Outside the US:
“‘Congress should demand the President disclose who’s paying him
tribute in the shadows to assess whether the public interest is being
compromised,’ said Tony Carrk, executive director of Accountable.US, a nonprofit interest group that has set up a ‘Trump Accountability War Room; online. Accountable found
that at least 14 of the top 50 holders of World Liberty Financial
tokens have also used cryptocurrency services that aren’t available in
the US. Bloomberg’s own analysis found an additional eight wallets that
did so. World Liberty disclosed in November that its initial $300 million offering was primarily being marketed offshore.”
Rolling Stone: TRUMP FAMILY’S CRYPTO VENTURE NETS $25 MILLION INVESTMENT FROM FIRM SUSPECTED OF FRAUD: “As
noted in research from Accountable.US, DWF has come under scrutiny for
alleged market manipulation. In 2024, The Wall Street Journal reported
that Binance had responded to a 2023 lawsuit by the SEC over alleged
misuse of customer funds and illegal operations within the U.S. by
beefing up its market surveillance team and hiring outside financial
investigators to root out fraud. These investigators found that DWF, a
‘VIP’ client of Binance, had ‘manipulated the price of YGG and at least
six other tokens, and made over $300 million in wash trades in 2023,’
violating Binance’s terms and conditions. After the team recommended
removing DWF from the platform, Binance instead had the team itself
investigated and concluded that there was ‘insufficient evidence’ of the
alleged market manipulation, then fired the lead investigator, with
others laid off over the next few months. ‘Something smells rotten about
the Trump administration squashing its crypto crime unit one business
day after a Russia-tied foreign investor suspected of illegal market
manipulation poured millions into one of the opaque Trump family crypto
ventures,’ Accountable.US executive director Tony Carrk
tells Rolling Stone. “President Trump has deliberately left the barn
door open for potential corruption and self-enrichment by maintaining
ties to his largely unregulated crypto interests, and even jumping into
more since taking office. If the President’s business is going to
continue openly taking foreign money this way, including from likely
criminal elements, he must be transparent about what these foreign
investors are asking for in return.’”
Reuters: Dinner with the president: Trump meme coin surges on offer to top buyers: “Trump’s planned dinner with $TRUMP coin holders is ‘a race to the bottom for presidential grifting,’ said Tony Carrk, executive director of Accountable.US,
a nonpartisan government ethics watchdog group. ‘There has never been a
clearer case of a president using their office to put money in their
pocket, or greater potential for special interests to buy an
administration’s favor that could threaten the public interest,’ Carrk
said.”
HuffPost: Company Boasts Spending Up To $20 Million On Trump Crypto Coin To Buy Influence: “An international trucking logistics firm is buying as much as $20 million worth of President Donald Trump’s
crypto coins to influence the administration’s trade policy — the
precise sort of corruption that experts warned Trump was encouraging
when he unveiled his venture. […] ‘It’s just another day for Donald
Trump that an international freight company is paying a $20 million
tribute towards the Trump family fortune after openly wishing it will
lead to administration tariff relief,’ said Tony Carrk, executive director of Accountable.US. The watchdog group discovered Freight Technologies’ plan through a social media post bragging about it by GetTrumpMemes.com,
the company that sells the Trump coins. […] ‘There’s little doubt this
company is expecting some administration policy relief in return for
their generous investment in the growing Trump crypto empire,’ Carrk
said. ‘It’s an indictment in and of itself that the president has paved
the way for so much potential corruption for his own personal gain and
at the public expense that few can keep up.’”
CNBC: What the House Republican budget bill means for your money: “As
a result of the changes in the bill, which include stricter work
requirements to qualify for the programs, 14 million individuals may
lose health coverage, while 3 million households may go without food
assistance, according to Accountable.US, a nonpartisan watchdog group.”
Scripps News: Trump’s private crypto dinner draws criticism over access and the president’s ties to cryptocurrency: “During
a press call organized by Accountable.US, a nonpartisan watchdog group
in the crypto space, Sen. Richard Blumenthal (D-CT) also harshly
criticized the President’s dinner. ‘What’s happening tonight at Trump’s
golf course — where he is hosting a dinner for the top investors in his
meme coins — is in effect, putting a ‘For Sale’ sign on the White House.
It’s auctioning off access,’ said Senator Blumenthal.”
HuffPost: 2 Of Trump’s Court Picks Argued Abortion Pill ‘Starves The Baby To Death’ In Womb:
“‘Donald Trump is picking up right where he left off using the courts
to impose an agenda that takes away our rights and control of our
lives,” Caroline Ciccone, Accountable.US president,
told HuffPost. Ciccone said Divine and Lanahan have a ‘record of
eliminating Americans’ freedoms’ which ‘is out of step with the vast
majority of the public and calls into question their ability to rule
impartially.’”
RECENT RELEASES FROM ACCOUNTABLE.US:
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