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flag 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.

flag 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. flag 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. flag Griffin, who has not endorsed Trump, hinted at possible future public service but offered no timeline. flag The White House defended its record, highlighting strong economic indicators like stock market growth and falling inflation.

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