Other outlets ran with the news, but something curious soon happened: the reporting vanished. But a spokesperson for Yass’ quantitative trading firm, Susquehanna International Group (SIG), told The Daily Beast that Yass has never given money to Trump and has no plans to do so, though the statement did not address whether Yass has ruled out giving to groups supporting the former president indirectly-such as super PACs or “dark money” political nonprofits that could cover Yass’ tracks entirely. Updated for print with a focus on Congressional activity. The March 11 story was condensed. In a statement, a Times spokesperson told The Daily Beast, “We regularly update developing news stories as reporting on them continues. The Times had quietly removed those claims from the article in the version that remains online.

The news of the potential merger was just days after Trump made an abrupt policy reversal that favored another Yass investment, TikTok. If true, that would be a major development for the presidential race. The story cited an anonymous Trump campaign source claiming that, in the wake of the TikTok reversal, Trump’s team expected something in return-Yass, the Times reported, was planning to make a “significant donation” to a political committee backing the former president. Almost immediately, the prospect of Yass-known for his refusal to support Trump even though he’s a prolific GOP donor-at long last entering the MAGA tent seemed very real. And the March 11 Times report lent credence to that possibility.

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His most recent Democratic donation, a $1,500 gift in July 2022 to cryptocurrency advocate Sen. His largesse is also notable among conservative megadonors precisely because Yass has never graced any of Trump’s political committees, ever. Last year, Yass-who as recently as 2022 billed himself as a “self-described never-Trumper”-actually poured millions of dollars into Trump’s Republican primary opponents, clocking major donations to challengers from the MAGAfied Vivek Ramaswamy to the never-Trump Chris Christie.

A review of Yass’ donor history affirms he’s far from a MAGA die-hard. That targeted support includes more than $20 million to the CFG-affiliated “School Freedom Fund” super PAC-Yass is highly motivated by school choice-with more than $62 million going to other associated groups. Yass also steered clear of Trump in 2016, instead using his money to promote libertarian values through state libertarian parties and Gary Johnson’s presidential campaign. Many of his biggest checks have gone to organizations tied to the Club for Growth, an anti-tax group that fundraised against Trump in the 2024 primary, though the group has recently been patching up its relationship with the former president, in part through Yass’ efforts.