berg80
Diamond Member
- Oct 28, 2017
- 25,717
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It goes without saying goal #1 was staying out of jail. Not an easy feat considering the overwhelming evidence against him. But when you are rich and powerful lawfare is always available.
Now it's on to numero dos.
That transaction would be a major contribution by a foreign government to President Trump’s private venture — one that stands to generate hundreds of millions of dollars for the Trump family. And it is a public and vivid illustration of the ethical conflicts swirling around Mr. Trump’s crypto firm, which has blurred the boundary between business and government.
Zach Witkoff, a founder of the Trump family crypto firm, World Liberty Financial, revealed that a so-called stablecoin developed by the firm would be used to complete the transaction between the state-backed Emirati investment firm MGX and Binance, the largest crypto exchange in the world.
Virtually every detail of Mr. Witkoff’s announcement, made during a conference panel with Mr. Trump’s second-eldest son, contained a conflict of interest.
MGX’s use of the World Liberty stablecoin, USD1, brings a Trump family company into business with a venture firm backed by a foreign government. The deal creates a formal link between World Liberty and Binance — a company that has been under U.S. government oversight since 2023, when it admitted to violating federal money-laundering laws.
www.nytimes.com
At the risk of being redundant, this is the kind of financial deal autocratic leaders make. The kind of deal even trump fans know down deep is a clear conflict of interest. But he's "their guy" so...........
Now it's on to numero dos.
At a Dubai Conference, Trump’s Conflicts Take Center Stage
Sitting in front of a packed auditorium in Dubai, a founder of the Trump family cryptocurrency business made a brief but monumental announcement on Thursday. A fund backed by Abu Dhabi, he said, would be making a $2 billion business deal using the Trump firm’s digital coins.That transaction would be a major contribution by a foreign government to President Trump’s private venture — one that stands to generate hundreds of millions of dollars for the Trump family. And it is a public and vivid illustration of the ethical conflicts swirling around Mr. Trump’s crypto firm, which has blurred the boundary between business and government.
Zach Witkoff, a founder of the Trump family crypto firm, World Liberty Financial, revealed that a so-called stablecoin developed by the firm would be used to complete the transaction between the state-backed Emirati investment firm MGX and Binance, the largest crypto exchange in the world.
Virtually every detail of Mr. Witkoff’s announcement, made during a conference panel with Mr. Trump’s second-eldest son, contained a conflict of interest.
MGX’s use of the World Liberty stablecoin, USD1, brings a Trump family company into business with a venture firm backed by a foreign government. The deal creates a formal link between World Liberty and Binance — a company that has been under U.S. government oversight since 2023, when it admitted to violating federal money-laundering laws.

At a Dubai Conference, Trump’s Conflicts Take Center Stage
A deal for a state-backed Emirati firm to use a Trump-affiliated digital coin was announced in a panel that included the president’s son and his business partner, who promised, “This is only the beginning.”
At the risk of being redundant, this is the kind of financial deal autocratic leaders make. The kind of deal even trump fans know down deep is a clear conflict of interest. But he's "their guy" so...........
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