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America First Audit

He said it in public. These are the documents on what happened next. Browse all records.

Why these cases

Trump sold “America First.” This record traces how public money, power, and risk moved toward family businesses, donors, favored firms, and foreign governments: and what workers, ranchers, retirees, patients, veterans, and small investors were left to absorb.

Said vs. done

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Case 199 of 254

Justin Sun, World Liberty Financial and the SEC Case

Actions
reportedThe SEC and Sun jointly asked to pause the civil case while they explored a possible resolution; Reuters noted Sun's $75 million World Liberty Financial investment.ReutersRead record · 1 source
Outcomes
documentedThe court entered final judgment requiring Rainberry to pay a $10 million civil penalty to the SEC within 30 days; the incorporated consent did not constitute an admission of the original allegations.Justia Dockets & FilingsRead record · 1 source
People and impacts
Who gained
  • World Liberty Financial
  • World Liberty Financial
  • U.S. Securities and Exchange Commission
Who paid or was affected
  • Justin Sun and affiliated entities
  • Rainberry, Inc.

Amounts and affected parties

  1. investmentSun Wlf Purchases$75 million in World Liberty Financial token purchases
    Reported investor / source
    Justin Sun and affiliated entities
    Reported investment recipient
    World Liberty Financial
    reported · 2025-02-26 · observedRead source record
    Calculation detailsPopulation Justin Sun and affiliated entities; World Liberty Financial; World Liberty Financial; Rainberry, Inc.; U.S. Securities and Exchange CommissionPeriod 2024-11-25 to 2025-01-19Basis Use Reuters' cumulative investment figure; keep separate from the SEC settlement.Limits Gross purchase value is not net income to Trump and does not establish consideration for regulatory action.
  2. penaltyRainberry Sec Penalty$10 million civil penalty
    Ordered from
    Rainberry, Inc.
    Ordered to
    U.S. Securities and Exchange Commission
    ordered · 2026-03-09 · observedRead source record
    Calculation detailsPopulation Justin Sun and affiliated entities; World Liberty Financial; World Liberty Financial; Rainberry, Inc.; U.S. Securities and Exchange CommissionPeriod 2026-03-09 to 2026-04-08Basis Use the entered final judgment amount and recipient; do not combine it with the private WLF purchases.Limits Settlement was without admission or denial and does not adjudicate every original allegation.
Promise and assessment
The promise
documentedTrump ordered a reversal of the prior digital-asset enforcement approach and promised regulatory clarity and lawful access to blockchain markets.The White HouseRead record · 1 source

Promise partly kept

The investment, the policy shift, the stay and the final judgment are documented in that order. Sequence is not cause: it is not established that Sun's purchase produced the SEC's treatment.

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