Canceled Corporate Enforcement
During the First Year of Trump’s Second Term, Federal Agencies Canceled and Froze Enforcement Against 166 Alleged Corporate Lawbreakers
Introduction
Since day one of President Trump’s second term, Public Citizen’s Corporate Enforcement Tracker has monitored federal enforcement actions brought against corporations that Trump inherited from the Biden administration. These enforcement actions include investigations, enforcement lawsuits, and other accountability measures for alleged lawbreaking by many of the largest and most powerful corporations, from Amazon to Zoom and hundreds in between. This new analysis shows the dramatic extent of Trump’s retreat from enforcement against corporate crime and lawbreaking after just one year in office.
Key Findings
- The Trump administration canceled 145 enforcement actions against 153 corporations facing federal investigations, enforcement lawsuits, or other accountability measures for alleged lawbreaking.
- Additionally, enforcement actions against 14 corporations have been frozen, for a total of 159 canceled or halted enforcement actions against 166 corporations. (Frozen cases may resume or ultimately be canceled as well.)
- Pfizer, the pharmaceutical giant and previous employer of Attorney General Pam Bondi, is the top beneficiary of Trump’s canceled corporate enforcement, with three enforcement actions led by the U.S. Department of Justice (DOJ) canceled since Trump took office.
- Corporations that have benefited from two canceled enforcement actions each include Bank of America, Binance, Capital One, Charles River Laboratories International, GE Healthcare, Globe Life, Peloton, Polymarket, and Toyota. Paypal has one canceled and one frozen enforcement action.
- As a result of Trump’s corporate enforcement retreat, at least eighteen corporations accused of lawbreaking avoided paying $3.1 billion in penalties for misconduct, including 12 that benefited from canceled enforcement and six that settled enforcement actions with penalties significantly reduced from those sought under Biden. (This is certainly an undercount, as it includes only instances where the penalty reduction is most clear.)
- 58% of this unpaid penalty amount is from the U.S. Securities and Exchange Commission (SEC) case against Ripple alleging securities violations. Biden’s SEC sought $1.95 billion in penalties, Trump’s SEC agreed to a $125 million settlement. Ripple contributed $4.9 million towards Trump’s inauguration.
- 21% of the unpaid penalty amount is from the $660 million in restitution DOJ prosecutors sought from Nikola CEO Trevor Milton, who was convicted in 2023. Milton’s legal representation included Attorney General Pam Bondi’s brother, Brad Bondi, and Marc Mukasey, who has represented the Trump Organization. Milton and his wife donated more than $1.8 million toward Trump’s reelection. Trump pardoned Milton.
- $40 million of the unpaid penalty amount is from the Consumer Financial Protection Bureau (CFPB) consent decree with Toyota for consumer protection violations, including directing consumers to a dead-end cancellation hotline, withholding refunds, and knowingly tarnishing credit reports with false data. Toyota donated $1 million to Trump’s inaugural fund.
- Trump’s canceled and halted enforcement actions are not distributed evenly across the government:
- One third (53) of the enforcement actions involved canceled DOJ investigations, lawsuits, and other accountability measures.
- Canceled or frozen CFPB cases (45) make up nearly another third.
- Other agencies where the Trump administration canceled or halted a disproportionate number of enforcement actions include the SEC (30), the Federal Trade Commission (FTC, 11), and the Equal Employment Opportunity Commission (EEOC, 10).
- Consumer protection enforcement has particularly suffered under Trump.
- 40% of the canceled or frozen enforcement actions (64) were against corporations for alleged consumer protection violations.
- Other significant areas of retreat include cryptocurrency enforcement (22), worker protection (18), antitrust and competition-related enforcement (17), and foreign corruption and bribery (15).
- Corporations with close ties to Trump and the administration are benefiting from canceled and frozen enforcement.
- One third of the corporations benefiting from canceled or frozen enforcement (55) have ties with the administration, including:
- 31 that made donations to fund Trump’s inauguration or White House ballroom,
- 17 with revolving door or insider connections with the administration,
- 12 that hired lobbyists closely allied with the administration,
- 10 with a business relationship with Trump’s private businesses, and
- 9 whose executives or the corporations themselves made political contributions backing Trump’s presidential campaign.
A Note on Data and Methodology
The underlying data for this report, including links to sources, is available in spreadsheet form here and is derived from analysis of the new January 2026 update to Public Citizen’s Corporate Enforcement Tracker.
The tracker compiles data on federal investigations, lawsuits, and other accountability measures the Trump administration inherited from the Biden administration when Trump took office in 2025.
Data sources include government records, legal filings, securities filings, and news reports. The database is not comprehensive, as not all government enforcement data is publicly disclosed, and the information that is disclosed often is not consistently or neatly presented. As such, tracker data should be seen as a resource highlighting significant corporate enforcement actions.
Differences between the numbers of enforcement actions and corporations in this analysis are a result of some individual enforcement actions targeting multiple corporations, such as when an antitrust investigation targets a proposed anticompetitive merger of two corporations.
The existence of investigations and/or allegations of misconduct do not necessarily mean that any laws were broken, or that an enforcement action necessarily would have been brought under a different administration.
Table: Corporations With Ties to the Trump Administration Benefiting from Canceled, Frozen, or Weakened Enforcement
| Corporation | Enforcement Agency | Subject of Investigation or Allegation | Trump Administration Intervention | Known Trump Administration Ties |
|---|---|---|---|---|
| Amazon | EEOC | Discrimination against pregnant workers | After Trump signed an executive order directing agencies not to rely on disparate impact, EEOC dismissed the case | Amazon is among the corporate donors backing Trump's $300 million "Golden Ballroom" in the East Wing of the White House. Amazon is listed among the sponsors of the federal government's official 250th Anniversary celebration. Amazon is listed among the sponsors of the Trump White House's April 2025 Easter egg roll. Amazon's licensing deal for a documentary about Melania Trump reportedly includes a payment of $28 million for the first lady. Amazon announced a licensing deal to stream all seven seasons of The Apprentice, resulting in unspecified payments to Trump, who starred and was executive producer. Amazon donated $1 million toward Trump's inaugural fund and made a $1 million in-kind donation by streaming the event on Amazon Video. Attorney General Pam Bondi worked as a registered lobbyist for Amazon in 2020 and 2021. Trump ally Brian Ballard lobbied on Amazon's behalf in 2024. |
| Amedisys | DOJ | Anticompetitive acquisition of home health & hospice provider (Amedisys) by hospital giant (UnitedHealth) | Trump DOJ settled with divestiture remedies and a civil penalty | United Healthcare hired Trump ally Brian Ballard to lobby in 2024. Trump chief of staff Susie Wiles and Attorney General Pam Bondi are former lobbyists with Ballard's firm. |
| Bank of America | CFPB | Alleged misconduct related to Zelle Network banks not doing enough to reimburse customers who were defrauded by scammers using the network | The Trump administration filed to dismiss the Zelle Network cases on 3/4/25. | Bank of America donated $500,000 to Trump's 2024 inaugural fund. Trump's Commerce Secretary, billionaire Howard Lutnick, borrowed $100 million from Bank of America in 2019 and 2023, according to financial disclosures. |
| Bank of America | CFPB | Allegedly failing to collect required demographic data on mortgage applicants | Trump's CFPB terminated the BofA consent order three years early | Bank of America donated $500,000 to Trump's 2024 inaugural fund. Trump's Commerce Secretary, billionaire Howard Lutnick, borrowed $100 million from Bank of America in 2019 and 2023, according to financial disclosures. |
| Binance | SEC | Thirteen charges, including operating unregistered national securities exchanges, broker-dealers, and clearing agencies | Trump's SEC and Binance filed a joint motion to dismiss on 5/29/25. Trump's SEC and Binance filed a joint request on 2/11/25 to pause litigation for 60 days, and extended the stay an additional 60 days on 4/11/25. | Trump's family is reportedly in talks to purchase a stake in Binance's US subsidiary and to launch, through Trump's World Liberty Financial, a stablecoin on Binance's exchange. Binance CEO and majority shareholder Changpeng Zao is reportedly seeking a pardon from Trump after pleading guilty to failing to meet anti-money laundering requirements at Binance. Zao hired Ches McDowell, a friend of Donald Trump, Jr., to lobby for a pardon. |
| Binance | DOJ | Binance pleaded guilty in 2023 to violations related to the Bank Secrecy Act, failure to register as a money transmitting business, and the International Emergency Economic Powers Act | Trump gave Binance CEO a presidential pardon. | Trump's family is reportedly in talks to purchase a stake in Binance's US subsidiary and to launch, through Trump's World Liberty Financial, a stablecoin on Binance's exchange. Binance CEO and majority shareholder Changpeng Zao is reportedly seeking a pardon from Trump after pleading guilty to failing to meet anti-money laundering requirements at Binance. Zao hired Ches McDowell, a friend of Donald Trump, Jr., to lobby for a pardon. |
| Central Romana Corporation | CBP | The use of forced labor in its operations | Trump's CBP lifted the order barring imports from Central Romana Corporation | Central Romana is partly owned by the Fanjul family, which also owns Fanjul Corporation. Fanjul Corporation donated $1 million donation to a super PAC backing Trump for president and $413,000 donation to the RNC. Pepe Fanjul attended a fundraiser at Mar-a-Lago for Trump's MAGA Inc super PAC. |
| Chevron and Hess | FTC | The FTC in 2024 alleged Hess communicated with OPEC and an official from Saudi Arabia and alleged this conduct would heighten the risk of harm to competition if Hess joined Chevron's board. | Trump's FTC reopened the final consent order so Hess is no longer formally barred from joining Chevron's board | Hess donated $1 million to Trump's first inauguration and was a member of Trump’s Opening the Country Council during the COVID-19 pandemic |
| Citibank | CFPB | Allegedly violating the Equal Credit Opportunity Act and its implementing Regulation B | Trump's CFPB terminated the 2023 consent order Citibank entered to resolve alleged violations | Eric Trump, the president's son, set up a trust with Citigroup to manage the president's wealth. |
| Cognizant | DOJ | Alleged FCPA violations in India | Trump's DOJ agreed to dismiss its case | Cognizant donated $50,000 to Trump's inaugural fund |
| Coinbase | SEC | Charged with operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency. The SEC also charged Coinbase for failing to register the offer and sale of its crypto asset staking-as-a-service program. | Trump's SEC agreed to dismiss its case. | Coinbase donated $1 million toward Trump's inaugural fund. Coinbase hired the Trump campaign's 2024 co-manager, Chris LaCivita, as an advisor. |
| Consensys | SEC | Charged with engaging in the unregistered offer and sale of securities through a service it calls MetaMask Staking and with operating as an unregistered broker | The Trump administration's SEC filed to dismiss the case on 2/27/25 | Consensys donated $100,000 to Trump's inaugural fund |
| Credova Financial (Public Square) | CFPB | Regarding the company's lease products | Trump's CFPB closed its investigation | Donald Trump Jr. is a board member of Credova's parent company, Public Square |
| Crypto.com (Foris Dax) | SEC | Allegedly trading unregistered securities | Trump's SEC closed its investigation | Crypto.com donated $1 million to Trump's inauguration under its business name, Foris Dax. $TRUMP meme coins are traded on Crypto.com's platform. Crypto.com is reportedly partnering with Trump Media to launch ETFs |
| Cumberland DRW | SEC | Charged in October 2024 with operating as an unregistered dealer in more than $2 billion of crypto assets offered and sold as securities | Trump's SEC agreed to dismiss its case. | The month after Trump's SEC dismissed its case, Cumberland founder Don Wilson bought $100 million worth of shares in Trump Media & Technology Group |
| CWT Holdings LLC | DOJ | Amex GBT's allegedly anticompetitive acquisition of CWT Holdings | Trump's DOJ dismissed the antitrust case challenging the merger brought by Biden's DOJ in January 2025 | Amex GBT hired Trump ally Brian Ballard to lobby on antitrust issues, spending $200,000 in the first half of 2025. |
| Denka Performance Elastomer and DuPont | EPA, DOJ | The complaint asserts that the LaPlace plant’s operations present an imminent and substantial endangerment to public health and welfare due to the cancer risks from Denka’s chloroprene emissions. | Trump administration moved to dismiss case. | Lynn Ann Dekleva, who Trump nominated to serve as deputy assistant EPA administrator, reportedly worked for DuPont for over 30 years. |
| Earnin | CFPB | Whether EarnIn’s app effectively tricked as many as 200,000 customers into thinking the millions of dollars they collectively paid in fees went to help other customers when instead they went into the business itself | The Trump administration ordered a freeze on all CFPB investigations and cases on 2/3/25. | Backed by Andreessen Horowitz, the vc firm co-founded by Trump ally Marc Andreessen |
| EBay | EPA, DOJ | Alleged eBay is liable for sales of products banned by EPA; invocation of Section 230 preceded dismissal | Trump's DOJ dismissed its appeal on 4/25/25, effectively dropping the case. Cases brought by DOJ's Environment and Natural Resources Division were reportedly frozen on week one of the Trump administration. | eBay hired Miller Strategies, a lobbying firm founded by Trump Inauguration finance chair Jeff Miller, to lobby federal agencies and Congress. |
| Exxon Mobil and Pioneer Natural Resources | FTC | The FTC in 2024 alleged Sheffield attempted to collude with OPEC to reduce output of oil and gas, resulting in Americans paying higher prices at the pump and inflating profits for his company | Trump's FTC reopened the final consent order so Sheffield is no longer formally barred from joining Exxon's board | In 2024, Sheffield's son Bryan donated $844,600 to Trump 47 Committee and $3,300 directly to Trump's presidential campaign |
| Fat Brands | DOJ | Fat Brands is charged with two counts of extension and maintenance of credit in the form of personal loan from issuer to executive officer. Former CEO and controlling shareholder Andrew Wiederhorn was indicted on federal charges alleging a scheme to conceal $47 million in distributions he received in the form of shareholder loans from the IRS, FAT’s minority shareholders, and the broader investing public. | According to news reports, Trump directly fired the DOJ prosecutor leading the case against Fat Brands and Wiederhorn shortly after Laura Loomer called for his firing. Sourced told the Los Angeles Times the firing was in part motivated by the prosecution of Wiederhorn. On 7/29/25, Trump's DOJ filed to dismiss the charges against Fat Brands and Wiederhorn. | Fat Brands donated $100,000 to Trump's inaugural fund. Wiederhorn donated $3,300 to Trump's presidential campaign. |
| Gemini | SEC | For the unregistered offer and sale of securities to retail investors through the Gemini Earn crypto asset lending program | Trump's SEC closed the case on 2/26/25 | Twin brothers Cameron and Tyler Winklevoss, who together founded and run Gemini, contributed a $2.65 million to groups backing Trump for president and are listed among the donors backing Trump's $300 million "Golden Ballroom" in the East Wing of the White House. |
| GEO Group | NLRB | Allegedly subjected detained immigrants to punishments including solitary confinement because they protested over pay and working conditions and supported labor strikes. | Trump's NLRB reportedly withdrew its case against GEO Group on 3/19/25 | GEO Group donated $1 million to a super PAC backing Trump for president and $500,000 to Trump's inaugural committee. |
| Global Business Travel Group Inc. (Amex GBT) | DOJ | Amex GBT's allegedly anticompetitive acquisition of CWT Holdings | Trump's DOJ dismissed the antitrust case challenging the merger brought by Biden's DOJ in January 2025 | Amex GBT hired Trump ally Brian Ballard to lobby on antitrust issues, spending $200,000 in the first half of 2025. |
| Greenlight Financial Technology | CFPB | Allegations that the company wasn’t allowing kids immediate access to their money as it had advertised that it would, leaving some users unable to pay for purchases | Investigation "effectively ended" according to ProPublica report. The Trump administration ordered a freeze on all CFPB investigations and cases on 2/3/25. | Backed by Andreessen Horowitz, the vc firm co-founded by Trump ally Marc Andreessen |
| Hewlett Packard Enterprise | DOJ | Anticompetitive Hewlett Packard Enterprise-Juniper Networks merger sought | Trump's DOJ permitted the merger to proceed | HPE donated $250,000 to Trump's 2024 inaugural fund. HPE hired Trump administration allies Mike Davis and Arthur Schwartz to advocate for the merger |
| JBS | DOJ | On December 23, 2020 and October 29, 2021, received civil investigative demands from the DOJ related to the fed cattle and beef packing industry. | Trump's DOJ reportedly closed meatpacking investigations opened prior to Trump's second term (and subsequently called for new investigations) | JBS subsidiary Pilgrim's Pride donated $5 million to Trump's inaugural fund, the largest donation the committee received |
| JPMorgan | CFPB | Disclosed the bank was “responding to inquiries from civil government authorities ... regarding the handling of disputes related to transfers of funds through the Zelle Network.” | The Trump administration filed to dismiss the Zelle Network cases on 3/4/25. | JPMorgan donated $1 million to Trump's inaugural fund. CEO Jamie Dimon has reportedly served for months as an informal policy advisor to Trump. |
| Juniper Networks | DOJ | Anticompetitive Hewlett Packard Enterprise-Juniper Networks merger sought | Trump's DOJ permitted the merger to proceed | HPE donated $250,000 to Trump's 2024 inaugural fund. HPE hired Trump administration allies Mike Davis and Arthur Schwartz to advocate for the merger |
| Kalshi | CFTC | The CFTC determined in 2023 that Kalshi's proposed contracts involve gaming and activity that is unlawful under state law and are contrary to the public interest, and so are prohibited and cannot be listed or made available for clearing or trading on or through Kalshi | Trump's CFTC on 5/5/25 dismissed its appeal of a ruling allowing Kalshi to take bets on US election outcomes | Trump named former Kalshi board member Brian Quintenz to serve as CFTC chair Kalshi named Donald Trump Jr. as a strategic advisor in January |
| Kraken (Payward) | SEC | Charged with operating crypto trading platform as an unregistered securities exchange, broker, dealer, and clearing agency. | The Trump administration's SEC filed to dismiss the case on 3/3/25 | Kraken co-founder Jesse Powell donated $1 million in cryptocurrency backing Trump for president. Kraken donated $1 million toward Trump's inaugural fund. |
| Meta | CFPB | Allegations that it improperly used financial data obtained from third parties in its highly-lucrative advertising business | Meta disclosed Trump's CFPB concluded its investigation in September 2025 The Trump administration ordered a freeze on all CFPB investigations and cases on 2/3/25. | Meta is among the corporate donors backing Trump's $300 million "Golden Ballroom" in the East Wing of the White House. Meta is listed as a sponsor of the Trump White House's April 2025 Easter egg roll. Meta donated $1 million toward Trump's inaugural fund. CEO Mark Zuckerberg attended a dinner President Trump hosted at the White House for tech executives. He was seated next to Trump and thanked the president for his policies. Rick Dearborn, who lobbied for Meta in 2024, worked on Trump's 2016 transition team and in the White House, and authored a section of Project 2025. David Sacks, who Trump appointed to be the White House "AI & Crypto Czar," made a "notable investment" in the company according to the Craft Ventures website. |
| Microsoft | FTC | Anticompetitive Microsoft-Activision merger sought | After losing an effort to temporarily block the merger, Trump's FTC dismissed the case instead of bringing it to trial. | Microsoft is among the corporate donors backing Trump's $300 million "Golden Ballroom" in the East Wing of the White House. Microsoft donated $750,000 toward Trump's inaugural fund. Microsoft founder Bill Gates and CEO Satya Nadella attended a dinner President Trump hosted at the White House for tech executives. "You and your policies are really helping a lot,” Nadella told Trump." |
| Neuralink | USDA | Alleged misconduct related to treatment of test monkeys. | USDA Inspector General Phyllis Fong was leading the investigation and was among the 17 IGs Trump fired on 1/24/25 | CEO is Elon Musk, who spent more than $290 million to help elect Trump and who leads the "Department Of Government Efficiency," an effort to impose severe cuts to regulators. |
| Nikola Corporation | DOJ | CEO Trevor Milton sentenced in 2023 to four years in prison for engaging in securities and wire fraud in connection with his scheme to defraud and mislead investors about the development of products and technology by the company he founded, Nikola Corporation | Trump pardoned Milton on 3/27/25. | Milton and his wife donated more than $1.8 million to a Trump reelection campaign fund. Milton also was represented by two lawyers with Trump connections: Brad Bondi, brother of Attorney General Pam Bondi, and Marc Mukasey, who has represented The Trump Organization. |
| Oak View Group | DOJ | Alleged to be a "functionary for aspects of Live Nation’s anticompetitive scheme" and to have "colluded" with Live Nation in DOJ's antitrust lawsuit against Live Nation-Ticketmaster. | Trump's DOJ resolved allegations with a non-prosecution agreement and indicted Timothy J. Leiweke, co-founder and CEO of Oak View Group, for allegedly orchestrating a bid rigging conspiracy. Trump pardoned Leiweke in December. | Oak View Group donated $250,000 to Trump's inaugural fund |
| Ondo Finance | SEC | Whether Ondo's tokenization of real-world assets complied with federal securities laws, and whether the native ONDO token itself should be treated as a security | Trump's SEC closed its confidendial investigation into Ondo Finance, which began under the Biden administration | Ondo donated $1 million toward Trump's inaugural fund. The company announced a "strategic collaboration" with the Trump family crypto business, World Liberty Financial in February 2025 |
| OpenSea | SEC | Alleged sale of unregistered securities | The Trump administration's SEC reportedly closed the investigation on 2/21/25 | Trump NFTs are bought and sold on OpenSea's platform |
| PayPal | SEC | PayPal's PYUSD stablecoin | Trump's SEC closed the investigation on 4/30/25 | PayPal donated $250,000 to Trump's inaugural fund. Several former PayPal executives and investors who constitute the "PayPal Mafia" are particularly influential in the Trump administration, including Elon Musk, Trump's AI & Crypto Czar David Sacks, and billionaire megadonor Peter Thiel. |
| PayPal | CFPB | Investigation and error-resolution obligations under the Electronic Fund Transfer Act (Regulation E), the presentment of transactions to linked bank accounts, and related matters | The Trump administration ordered a freeze on all CFPB investigations and cases on 2/3/25. | PayPal donated $250,000 to Trump's inaugural fund. Several former PayPal executives and investors who constitute the "PayPal Mafia" are particularly influential in the Trump administration, including Elon Musk, Trump's AI & Crypto Czar David Sacks, and billionaire megadonor Peter Thiel. |
| PepsiCo | FTC | Allegedly engaging in illegal price discrimination by providing one customer—a large, big box retailer—with unfair pricing advantages, while raising prices for competing retailers and customers. | Trump's FTC voted to dismiss the lawsuit against Pepsi on 5/22/25 | PepsiCo donated $500,000 to Trump's inaugural fund |
| Pfizer | DOJ | Relating to the company's operations in Mexico | Pfizer removed references to ongoing FCPA investigations from its quarterly SEC filings. Trump signed an executive order on 2/10/25 halting FCPA enforcement for at least 180 days, claiming FCPA enforcement disadvantages US businesses. | Pfizer donated $1 million to Trump's inaugural fund. Attorney General Pam Bondi provided legal services to Pfizer, Inc. over the past year while working as Of Counsel to the law firm Panza, Maurer & Maynard. Jeff Miller, a lobbyist who represents Pfizer and pharmaceutical industry group PhRMA, is a finance chair for Trump's inaugural committee. |
| Pfizer | DOJ, SEC | Possible non-compliance with FCPA in China | Pfizer removed references to ongoing FCPA investigations from its quarterly SEC filings. Trump signed an executive order on 2/10/25 halting FCPA enforcement for at least 180 days, claiming FCPA enforcement disadvantages US businesses. | Pfizer donated $1 million to Trump's inaugural fund. Attorney General Pam Bondi provided legal services to Pfizer, Inc. over the past year while working as Of Counsel to the law firm Panza, Maurer & Maynard. Jeff Miller, a lobbyist who represents Pfizer and pharmaceutical industry group PhRMA, is a finance chair for Trump's inaugural committee. |
| Pfizer | DOJ | In October 2018, received a subpoena from the U.S. Attorney’s Office for the Southern District of New York seeking records relating its relationship with another drug manufacturer and its production and manufacturing of drugs including, but not limited to, Quillivant XR. | Trump's DOJ declined to intervene in the related qui tam action | Pfizer donated $1 million to Trump's inaugural fund. Attorney General Pam Bondi provided legal services to Pfizer, Inc. over the past year while working as Of Counsel to the law firm Panza, Maurer & Maynard. Jeff Miller, a lobbyist who represents Pfizer and pharmaceutical industry group PhRMA, is a finance chair for Trump's inaugural committee. |
| Point Digital Finance | CFPB | Whether Point deceived its customers about the true costs of its product, unfairly calculated repayment amounts or failed to follow the laws and rules that govern loans secured by a home | Investigation "effectively ended" according to ProPublica report. The Trump administration ordered a freeze on all CFPB investigations and cases on 2/3/25. | Backed by Andreessen Horowitz, the vc firm co-founded by Trump ally Marc Andreessen |
| Polymarket | DOJ | Misconduct connected with betting on US elections | Trump's DOJ closed the investigation | Polymarket CEO Shayne Coplan was invited to attend a crypto summit at the White House on 3/7/25 |
| Polymarket | CFTC | Misconduct connected with betting on US elections | Trump's CFTC closed the investigation | Polymarket CEO Shayne Coplan was invited to attend a crypto summit at the White House on 3/7/25 |
| Ripple | SEC | Securities law violations | Trump's SEC is withdrawing its appeal of the Ripple lawsuit, resulting in a $125 million penalty. The withdrawn SEC appeal sought $1.95 billion in penalties. | Ripple is among the corporate donors backing Trump's $300 million "Golden Ballroom" in the East Wing of the White House. Ripple donated $4.9 million worth of its cryptocurrency XRP to Trump's inaugural fund. Ripple Chief Legal Officer Stuart Alderoty donated $300,000 in cryptocurrency to back Trump for president. Ripple hired Trump ally Brian Ballard to lobby the administration on crypto issues. Trump chief of staff Susie Wiles is a former lobbyist with Ballard's firm. Ripple also retains Reince Priebus as a lobbyist, Trump's chief of staff during his first term as president. |
| Robinhood Markets | SEC | Securities violations within crypto unit | The Trump administration moved to dismiss the case on 2/24/25. | Robinhood donated $2 million toward Trump's 2024 inaugural fund. Robinhood hired Trump ally Brian Ballard to lobby on crypto issues in 2024. Trump chief of staff Susie Wiles is a former lobbyist with Ballard's firm. |
| Scale AI | DOL | Compliance with the Fair Labor Standards Act | Trump's DOL closed the investigation into Scale AI, Upwork, and HireArt on 5/9/25. Trump's DOL on 5/1/25 announced a retreat from enforcing a 2024 DOL rule finalized under Biden to protect workers from misclassification as contractors. | ScaleAI donated $125,000 to Trump's inaugural fund. Trump nominated former Scale AI executive Michael Kratsios to be director of the White House’s Office of Science and Technology Policy |
| SpaceX | DOJ Civil Rights | Accuses SpaceX of discriminating against asylees and refugees in hiring decisions | Trump's DOJ filed to dismiss the case on 2/20/25 | CEO is Elon Musk, who spent more than $290 million to help elect Trump and who leads the "Department Of Government Efficiency," an effort to impose severe cuts to regulators. David Sacks, who Trump appointed to be the White House "AI & Crypto Czar," made a "notable investment" in the company according to the Craft Ventures website. SpaceX employs Miller Strategies, a lobbying firm founded by Trump Inauguration finance chair Jeff Miller. |
| T-Mobile | DOJ Antitrust | Anticompetitive merger of T-Mobile and UScellular sought | Trump's DOJ closed the antitrust investigation, allowing the T-Mobile-UScellular merger to proceed | T-Mobile is among the corporate donors backing Trump's $300 million "Golden Ballroom" in the East Wing of the White House. Facing pressure from from Trump's FCC, T-Mobile pledged to discontinue its DEI policies “not just in name, but in substance.” |
| Tesla | DOL | Potential workplace discrimination | A Trump Executive Order halted anti-discrimination enforcement by the Labor Department's Office of Federal Contract Compliance Programs. OFCCP staff informed Tesla that its investigation stopped. | CEO is Elon Musk, who spent more than $290 million to help elect Trump and who leads the "Department Of Government Efficiency," an effort to impose severe cuts to regulators. |
| Toyota | DOJ, SEC | Possible anti-bribery violations related to a Thai subsidiary | Toyota announced in a June 2025 SEC filing that Trump's DOJ closed its investigation. Trump signed an executive order on 2/10/25 halting FCPA enforcement for at least 180 days, claiming FCPA enforcement disadvantages US businesses. | Toyota donated $1 million to Trump's inaugural fund. |
| Toyota | CFPB | Directing customers to dead-end cancellation hotline, withholding refunds, and knowingly tarnishing credit reports with false data | Trump's CFPB terminated the consent order early, specifically waiving requirements that Toyota pay tens of millions of dollars in refunds and redress to allegedly harmed consumers | Toyota donated $1 million to Trump's inaugural fund. |
| Tron Foundation Limited, BitTorrent Foundation, Rainberry | SEC, DOJ | Fraud and others securities law violations | Trump's SEC and Sun filed a joint request to pause litigation on 10/24/25 | CEO Justin Sun spent $193.6 million on Trump crypto ventures World Liberty Financial and the $TRUMP “meme coin.” |
| Tyson Foods | DOJ | In 2020 and 2021, Tyson received civil investigative demands from the DOJ’s Civil Antitrust Division seeking information related to the fed cattle and beef packing markets. The Offices of the Attorney General for multiple states are participating in the investigation and coordinating with the DOJ. | Trump's DOJ reportedly closed meatpacking investigations opened prior to Trump's second term (and subsequently called for new investigations) | Trump appointed former Tyson executive Dr. Justin Ransom to serve as administrator of USDA's Food Safety and Inspection Service. Tyson donated $1 million to Trump's inaugural fund. |
| Uniswap Labs | SEC | Allegedly acting as an unregistered securities broker and unregistered securities exchange | Trump's SEC reportedly closed the case on 2/25/25 and will take no action | Uniswap CEO Hayden Adams donated $245,000 to Trump's inaugural fund |
| UnitedHealth | DOJ | Anticompetitive acquisition of home health & hospice provider (Amedisys) by hospital giant (UnitedHealth) | Trump DOJ settled with divestiture remedies and a civil penalty | United Healthcare hired Trump ally Brian Ballard to lobby in 2024. Trump chief of staff Susie Wiles and Attorney General Pam Bondi are former lobbyists with Ballard's firm. |
| UScellular | DOJ Antitrust | Anticompetitive merger of T-Mobile and UScellular sought | Trump's DOJ closed the antitrust investigation, allowing the T-Mobile-UScellular merger to proceed | Facing pressure from from Trump's FCC, T-Mobile pledged to discontinue its DEI policies “not just in name, but in substance.” |
| Walmart | CFPB | For forcing delivery drivers to use costly deposit accounts to get paid and for deceiving workers— “last mile” drivers in Walmart’s Spark Driver program—about how they could access their earnings | Trump's CFPB dismissed the case against Walmart and Branch Messenger on 5/13/25 The Trump administration ordered a freeze on all CFPB investigations and cases on 2/3/25 | Walmart donated $150,000 to Trump's inaugural fund |
| Yuga Labs | SEC | Into whether the company behind Bored Ape Yacht Club NFTs violated laws prohibiting sale of unregistered securities. | Trump's SEC reportedly closed its Yuga Labs investigation on 3/3/25 | Yuga Labs donated $100,000 to Trump's inaugural fund |
Source: The underlying data for this report, including links to sources, is available in spreadsheet form here and is derived from analysis of the new January 2026 update to Public Citizen’s Corporate Enforcement Tracker.