Trump administration gets sued by Harvard for freezing federal funds

Source Cryptopolitan

On Monday, Harvard University sued the Trump administration to halt what it calls an “unlawful” plan to pause over $3 billion in federal funds.

In a statement, Harvard’s president, Alan Garber, said the government’s “sweeping and intrusive demands . . . would impose unprecedented and improper control over the University,” causing “stark real‑life consequences for patients, students, faculty, staff, researchers, and the standing of American higher education in the world.”

Soon after this action, over 150 US university leaders issued a declaration opposing “undue government intrusion” on campuses. Signatories included the presidents of Princeton, MIT, Brown, Yale, and a few others.

The administration says that the university has failed to address antisemitism. Earlier this month, it froze $2.2 billion in federal support and sought to block future grants worth hundreds of millions to Harvard and four other top universities.

Harvard gets into it with Trump administration

An email leaked to the journal Nature and shared on X on Monday showed a senior NIH official telling colleagues to “hold off on making awards” to Harvard, Brown, Columbia, Cornell and Northwestern, without explanation; these five schools received $1.7 billion in NIH grants last year.

The Trump administration has also threatened to strip the university of its tax‑exempt status after university leaders refused demands for tight government controls.

Seven institutions have faced targeted funding cuts since March. Cornell’s president, Michael Kotlikoff, said in an email Monday that he had received none of the official notices confirming a $1 billion freeze announced in early April.

However, he added that Cornell researchers have been served “stop work” orders by federal funders and said the university was “responding forcefully,” including legal, strategic, and policy‑level actions.

The government has revoked hundreds of student visas

Meanwhile, the government has stepped up detentions of pro‑Palestinian student protesters nationwide and revoked hundreds of international student visas. Officials told the university to provide records of its “foreign student visa holders’ illegal and violent activities” or lose eligibility to host overseas students.

Harvard said that it would “not surrender its independence or relinquish its constitutional rights.” Garber added, “We will continue to comply with the law and expect the administration to do the same.”

The university formed committees to study antisemitism and released preliminary recommendations last summer. Garber said that these findings and a separate report on Muslim, anti‑Arab, and anti‑Palestinian bias would be published “soon.”

The Wall Street Journal reported that the administration’s antisemitism task force was upset by Harvard’s choice to make its letter public and planned further freezes of around $1 billion.

Harvard’s refusal to comply—unlike Columbia University’s agreement to overhaul its governance and student discipline—sparked a wave of alumni donations to Harvard.

Faculty, students, and alumni at other campuses have also called for coordinated resistance to the Trump administration’s actions against higher education.

Harvard is better positioned than most universities to weather cuts in federal support, thanks to its $53 billion endowment—the largest of any US higher education institution. Harvard and other universities have tapped bond markets for short‑term cash revenue, and some even imposed hiring freezes and other cost‑saving steps.

Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Solana Future: From high-speed experiment to corporate treasury playbook for the next SOL cycleSolana’s Proof of History architecture is colliding with rising institutional treasury adoption and governance scrutiny, with SOL’s next cycle hinging on validator distribution, stability, and regulated capital access.
Author  Mitrade
Jan 12, Mon
Solana’s Proof of History architecture is colliding with rising institutional treasury adoption and governance scrutiny, with SOL’s next cycle hinging on validator distribution, stability, and regulated capital access.
placeholder
Gold Price Forectast: XAU/USD rises above $4,600 on US rate cut expectations, Fed uncertainty Gold price (XAU/USD) rises to around $4,600 during the early Asian session on Wednesday. The precious metal gains momentum as traders firm up bets on US interest rate cuts after the release of inflation data.
Author  FXStreet
Yesterday 01: 45
Gold price (XAU/USD) rises to around $4,600 during the early Asian session on Wednesday. The precious metal gains momentum as traders firm up bets on US interest rate cuts after the release of inflation data.
placeholder
US Dollar Index steadies above 99.00 ahead of Retail Sales, PPI dataThe US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is inching lower after registering modest gains in the previous session. The DXY hovers around 99.10 during the Asian hours on Wednesday.
Author  FXStreet
Yesterday 10: 19
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is inching lower after registering modest gains in the previous session. The DXY hovers around 99.10 during the Asian hours on Wednesday.
placeholder
Bitcoin shows strong correlation with institutional demand following 7% uptickBitcoin's price has largely tracked net institutional demand over the past year, according to Bitwise. Net institutional demand is the buying activity of global exchange-traded products (ETPs) and treasury companies minus new supply.
Author  FXStreet
9 hours ago
Bitcoin's price has largely tracked net institutional demand over the past year, according to Bitwise. Net institutional demand is the buying activity of global exchange-traded products (ETPs) and treasury companies minus new supply.
placeholder
Standard Chartered lifts Ethereum call to $7,500, arguing institutional demand could leave Bitcoin trailingStandard Chartered raised its year-end Ethereum target to $7,500 (from $4,000), citing institutional demand, while projecting $25,000 by 2028 and scenarios toward $40,000 by 2030 amid ETF- and treasury-driven accumulation.
Author  Mitrade
5 hours ago
Standard Chartered raised its year-end Ethereum target to $7,500 (from $4,000), citing institutional demand, while projecting $25,000 by 2028 and scenarios toward $40,000 by 2030 amid ETF- and treasury-driven accumulation.
goTop
quote