At the gala dinner President Trump held last month for those who bought the most Trump cryptocurrency, the champion spender was the entrepreneur Justin Sun, who had put down more than $40 million on $Trump coins. Mr. Sun had a good reason to hope that this investment would pay off. He previously invested $75 million in a different Trump crypto venture — and shortly after the Trump administration took office in January, the Securities and Exchange Commission paused its lawsuit against him on charges of cryptocurrency fraud.The editorial presents an evidence-based indictment of what it characterizes as the most corrupt administration in American history. Through detailed analysis of the cryptocurrency scheme and broader patterns of self-dealing, the NYT editors argue that Trump has fundamentally transformed the nature of American governance. The opinion argues that this transformation extends far beyond simple financial corruption to encompass a systematic assault on democratic norms, institutional integrity, and the rule of law.
The message seemed obvious enough: People who make Mr. Trump richer regularly receive favorable treatment from the government he runs.If Americans shrug this off as just “Trump being Trump,” his self-dealing will become accepted behavior. It will encourage other politicians to sell their offices. The damage will undermine our government, our society and even our economy. Historically, when corruption becomes the norm in a country, economic growth suffers, and living standards stagnate. Under Mr. Trump, the United States is sliding down that slope.
The editorial's central argument is that Trump's "culture of corruption" represents an existential threat to American democracy, one that will have lasting consequences long after his presidency ends. By normalizing the use of public office for private gain and systematically dismantling anti-corruption mechanisms, Trump has created a new paradigm for American governance that prioritizes personal enrichment over public service, fundamentally altering the relationship between citizens and their government.[1]
Q: Summarize the steps or actions that Trump and MAGA elites have taken to systematically dismantle anti-corruption mechanisms.A: The Trump administration and aligned political elites have implemented a multi-pronged strategy to weaken anti-corruption frameworks, targeting enforcement agencies, regulatory structures, and oversight mechanisms. This analysis synthesizes documented actions from 2025 and prior years, demonstrating a concerted effort to prioritize political and financial interests over institutional integrity.
Clemency for Crypto Entrepreneurs and Political Allies: djt granted pardons to individuals convicted of financial crimes, particularly in the cryptocurrency sector. In March 2025, he pardoned BitMEX co-founders Benjamin Delo, Arthur Hayes, and Samuel Reed, who had pleaded guilty in 2022 to violating the Bank Secrecy Act by failing to implement anti-money laundering protocols 3 12. He repealed IRS reporting requirements for crypto transactions 4. He pardoned Trevor Milton, founder of Nikola Corporation, despite his fraud conviction, signaling tolerance for corporate malfeasance among political allies 3 13.
Pardons for Corrupt Politicians: djt granted clemency to Republican politicians convicted of corruption, including former Rep. Michael Grimm (tax fraud), Rep. Steve Stockman (misuse of charitable funds), and ex-sheriff Scott Jenkins (bribery) 6 13. The pardons allowed recipients to evade decades of cumulative prison time.Gutting the Justice Department’s Anti-Corruption Units: The Trump administration systematically weakened the DOJ’s capacity to investigate corruption. In April 2025, the National Cryptocurrency Enforcement Team (NCET), tasked with prosecuting crypto-related crimes, was disbanded under an executive order framed as ending “regulation by prosecution” 8.
Neutralizing Independent Watchdogs: Trump removed David Huitema, director of the Office of Government Ethics (OGE), in February 2025, eliminating oversight of financial disclosures and conflicts of interest among officials 5.Rolling Back Financial Transparency Measures: In April 2025, Trump repealed an IRS rule requiring custodial crypto brokers to report user transactions via Form 1099s, a policy designed to curb tax evasion 4.Weakening International Anti-Kleptocracy Efforts: Attorney General Pam Bondi disbanded the DOJ’s Kleptocracy Initiative in 2025, which had recovered billions in assets stolen by foreign officials.Dropping Corporate Investigations: djt dropped, suspended, or declined to pursue enforcement actions against 109 corporations in its first two months of 2025, including 45 Consumer Financial Protection Bureau (CFPB) cases and 14 SEC crypto investigations 7. Notable beneficiaries included GEO Group (private prisons), JPMorgan, and Elon Musk’s SpaceX 7.