'Not on the level': Trump makes sketchy business of second term
The Briefing with Jen Psaki
MS NOW, Jen Psaki
4.4 • 975 Ratings
🗓️ 25 December 2025
⏱️ 42 minutes
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| 0:00.0 | From the very beginning, one thing has been abundantly clear about the Trump administration. |
| 0:04.4 | They're open for business. But doesn't exactly seem like it's the kind of business that's ever really on the level. |
| 0:12.2 | Trump's inaugural fund raised a record $239 million, and very shortly thereafter, we started seeing the people in groups that donated that money get their money's worth. |
| 0:22.9 | I mean, one fossil fuel executive donated $4 million. |
| 0:26.6 | That same day, he got nominated to be Trump's ambassador to the United Kingdom. |
| 0:30.7 | Financial institutions like J.P. Morgan, Goldman Sachs, and Bank of America donated millions of dollars. |
| 0:36.5 | And shortly thereafter, the Consumer Financial |
| 0:38.7 | Protection Bureau ended a case against those same banks for not protecting consumers from fraud in the |
| 0:44.3 | Zell banking app. There you go. The SEC dropped an inquiry into the financial company Robin Hood |
| 0:49.5 | after it donated $2 million to Trump's inauguration. A very similar thing happened after a donation from |
| 0:55.1 | the company Coinbase. Somehow, the Trump administration just happened to drop or pause cases |
| 1:00.8 | against at least 17 of the corporations that funded his inauguration. Now, I should be clear that |
| 1:07.1 | there's no direct evidence that any of these donations are linked to the actions that follow them. But of course, this is a pattern that has continued far beyond Trump's inauguration. |
| 1:16.9 | I mean, right after Trump won the election, crypto billionaire Justin Sun decided it would be a |
| 1:21.8 | good idea to start investing tens of millions of dollars into the Trump family crypto business. |
| 1:27.1 | At the time, Sun was in hot water with the SEC. |
| 1:29.5 | The agency had charged him with fraud related to a large cryptocurrency manipulation scheme. |
| 1:35.1 | But barely more than a month after Trump was sworn into office, |
| 1:38.5 | after Sun had reportedly invested $75 million into the Trump family cryptocurrency company, the SEC paused its case against him. |
| 1:48.2 | How about that? We saw an incredibly similar thing happen with another case. Now, as much as all of this |
| 1:55.6 | resembles in a massive pay-to-play enterprise, the Trump administration, of course, denies that anyone has brought |
| 2:01.2 | special treatment from the administration. But check this out. The New York Times looked at just |
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