"The Trump Family Crypto Business"

The Trump Family Crypto Business

The Trumps’ crypto peddling is especially ill-advised because the Administration will regulate crypto products and practices. Democrats are already accusing the Securities and Exchange Commission of giving the Trump crypto businesses a pass. On Thursday Democrats blocked a Senate floor vote on bipartisan legislation to create a framework for regulating stablecoins. The crypto industry backs the bill, but now Democrats are demanding tougher rules and enforcement.

Expect the press to spend the next four years chasing stories about the Trump crypto family. The political optics are awful, especially in light of the Trump border taxes. The Democratic midterm campaign ads write themselves: Millions in secretive crypto profits for the Trump family, but Mr. Trump’s famous “two dolls” and “five pencils” for everyone else.

Elizabeth Holmes’s Partner Has a New Blood-Testing Start-Up

Elizabeth Holmes is in prison for defrauding investors through her blood-testing company, Theranos. In the meantime, her partner is starting one of his own.

Billy Evans, who has two children with Ms. Holmes, is trying to raise money for a company that describes itself as “the future of diagnostics” and “a radically new approach to health testing,” according to marketing materials reviewed by The New York Times.

If that sounds familiar, it’s because Theranos similarly aimed to revolutionize diagnostic testing. The Silicon Valley start-up captured the world’s attention by claiming, falsely as it turned out, to have developed a blood-testing device that could run a slew of complex lab tests from a mere finger prick.

The Post-Jarkesy, Atkins SEC

Significant events within the last year have already driven a change in how and perhaps in what venue the SEC brings enforcement actions. In June 2024, the Supreme Court issued its decision in SEC v. Jarkesy, and on April 21, 2025, the SEC’s new chairman, Paul Atkins was sworn in. The following discusses the impact to date, with an important takeaway: the SEC has not slowed its filing of cases for securities violations. […]

The foregoing enforcement actions contain egregious allegations of wrongdoing and securities act violations by the individuals named. There was a supposition that the Jarkesy decision, coupled with the new Trump administration, would blunt enforcement actions brought by the SEC. Within the first week of the Atkins SEC, that does not appear to be the case. Even if investigations started before the new administration and the SEC Chairman’s swearing in, the SEC’s move to file multiple complaints in federal court within days certainly appears to be a warning shot.

Trump to sign order discouraging criminal enforcement of regulatory offenses

President Donald Trump plans to sign an executive order discouraging criminal enforcement of regulatory offenses, in a bid to combat the overcriminalization of federal regulations, a White House official told Reuters on Friday.

Trump’s order is meant to ease the burden on small businesses that do not have the same compliance resources as large corporations, according to a draft the official shared.

The executive order would have agencies publicly post a list of regulatory violations that can trigger criminal charges, and guidance on the circumstances under which they would refer violators for prosecution.

The order would discourage prosecutors from filing charges not on the lists, and charges that do not require prosecutors to prove the defendant had criminal intent. One such law has been used to prosecute executives for misbranded or adulterated food and drugs.