Trump's business empire has expanded. Here's where he could profit in his second term.
When President-elect Donald Trump returns to the White House next year, he’ll do so with a more sprawling business empire and far fewer promises about how he’ll avoid conflicts of interest.
While Trump was primarily a real estate developer in his first term, he has since expanded dramatically into new industries including social media and cryptocurrency. The presidency has only further raised his profile and drawn Trump, a lifelong salesperson, to more licensing deals. He’s also grown his golf courses in Scotland while putting his name on products ranging from NFTs to Bibles to a resort in Oman.
Trump and his team have so far declined to provide details about how — or whether — he will separate his business interests from his work as president.
www.nbcnews.com
Ripping off Secret Service agents for room fees and being paid by foreign governments to have their representatives stay at his hotels was just the beginning.
He's already planning to unethically profit from his crypto biz and you can bet he'll be using his social media platform exclusively to communicate with the minions. Naturally, he should have put divesting in those businesses in motion already. But who's going to make him? Pam Bondi? Congress? The SC? They're all in his back pocket.
Follow the bouncing ball.
1. Bone Spurs starts a crypto biz after calling it a scam years earlier. He sees a business opportunity.
2. Wealthy crypto owners put together a $25M campaign contribution.
3. In return, trump goes to the crypto convention in Nashville and promises to fire crypto skeptic Gary Gensler.
4. A proposal is floated to create a crypto reserve using taxpayer dollars.
Former Treasury Secretary Lawrence Summers "dismissed the idea of the government setting up a reserve of Bitcoin assets, and cautioned about the political challenge ahead in scaling down federal spending in the way billionaire and
politicalwire.com
5. Crypto speculators drive the price of Bitcoin up to $100K, by far a new record.
6. trump hires crypto advocate Paul Atkins to run the SEC.
7. trump brings on crypto investor David Sacks to be his AI crypto guru.
https://www.reuters.com/world/us/tr...al-coo-david-sacks-ai-crypto-czar-2024-12-06/