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Cryptocurrency infrastructure traditionally used for token speculation is being repurposed to enable unregulated trading in private shares of major AI and tech companies like Anthropic, OpenAI, and SpaceX. The article reports on the emergence of a shadow market for these private company equities.

A Public Citizen report details the Trump family's approximately $1 billion stake in World Liberty Financial, a crypto venture connected to Binance—an exchange that pleaded guilty to sanctions and money laundering violations. The article frames this alongside Trump's simultaneous dismantling of crypto enforcement mechanisms.