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Hedge fund CEO Ken Griffin accused the Trump administration of cronyism, citing a $1.4B Trump family wealth increase since Jan 2025 amid alleged crypto and contract favors.
Billionaire hedge fund CEO Ken Griffin, a top Republican donor, criticized the Trump administration for allegedly enriching the president’s family and allies through favorable crypto policies and government contracts, noting a $1.4 billion rise in the Trump family’s net worth since January 2025.
Speaking at a Wall Street Journal event, he expressed concern over crony capitalism, citing investments in a social media firm, crypto platform, and memecoin, while praising Kevin Warsh’s Fed appointment as a sign of independence.
Griffin, who has not endorsed Trump, hinted at possible future public service but offered no timeline.
The White House defended its record, highlighting strong economic indicators like stock market growth and falling inflation.
El CEO del fondo de cobertura Ken Griffin acusó a la administración Trump de compincheo, citando un aumento de la riqueza de la familia Trump de $ 1.4B desde enero de 2025 en medio de supuestos favores de criptomonedas y contratos.