Corporations that have benefited from the Trump administration’s cancellation of federal enforcement actions have given $210.5 million in contributions and pledges to MAGA Inc., and other Trump-aligned Super PACs, according to a new investigation by Public Citizen.
The finding comes as Public Citizen’s new analysis documents the Trump administration’s cancellation of 212 federal enforcement actions involving 205 corporations, including 80 investigations, 67 dismissed enforcement lawsuits and 54 canceled accountability measures involving alleged corporate misconduct.
Among the largest contributors, including corporations, executives, and investors are as follows:
- Elon Musk, whose companies Tesla and SpaceX benefited from at least eight canceled enforcement actions, pledged to spend $100 million to help elect Republicans in the 2026 midterms, largely through America PAC which he controls, and gave $5 million to MAGA Inc.. Both Tesla and SpaceX benefited from four canceled actions each.
- Crypto.com, which profited from the Securities and Exchange Commissions’ (SEC) cancellation of an investigation into allegations that the crypto platform traded unregistered securities, gave $35 million to MAGA Inc., and another $2 million to Keep America Great, both Trump-aligned Super PACs.
- Gemini, similarly profited from a dropped SEC investigation into allegations of trading unregistered securities, gave $20 million to MAGA Inc. Its co-founders, Tyler and Cameron Winklevoss, personally gave an additional $10 million each to MAGA Inc.
- Andreessen Horowitz, along with co-founders Marc Andreessen and Ben Horowitz, gave $12 million to MAGA Inc.. Nine corporations that benefit from canceled actions are a part of the firm’s investment portfolio.
“Corporations and ultra-wealthy executives with enormous financial interests before the federal government are pouring extraordinary sums into the president’s political operation,” said Robert Weissman, Public Citizen co-president. “Once the check is cashed, the administration is pulling back enforcement actions meant to punish corporate misconduct. It’s a great deal for the corporate wrongdoers – at the expense of their victims and the American people.”
“The potential is limitless when companies and the wealthy people behind them can give millions of dollars to Trump-aligned political groups,” said Rick Claypool, a research director for Public Citizen and author of the report. “The scale of these contributions raises fundamental questions about what corporations are expecting when they invest heavily in a political operation, especially when it involves the President of the United States.”
Public Citizen’s Corporate Enforcement Tracker is an online resource for watchdogging the Trump administration’s cancellation of federal enforcement actions brought against corporations prior to President Trump’s second term.
This content originally appeared on Common Dreams and was authored by Newswire Editor.