The Trump administration has busied itself in the past six months by abandoning prosecutions and investigations into corporations at an unprecedented rate. According to a new report from Public Citizen—a nonprofit government watchdog—the Trump administration has dropped one third of all pending enforcement actions against tech companies. Those same companies collectively spent $1.2 billion on political contributions since 2024, most of it going to Republicans. Some of it went to Trump directly.
According to the report, Trump’s White House has withdrawn or halted enforcement actions against 165 different companies, a quarter of those are tech firms. The administration halted nine of the investigations outright, including a Consumer Financial Protection Bureau (CFPB) investigation into Meta’s alleged misuse of customer financial data. It dismissed or withdrew an additional 38 enforcement actions against big tech, including 13 charges against the crypto exchange Binance for operating as an unlicensed securities exchange.