Trump’s crypto conflicts keep piling up. He’s not even trying to hide them
CNN
The Trump family’s crypto empire is expanding rapidly, and it’s making earlier ethics debates over his hotel and casino business interests look downright quaint.
The Trump family’s crypto empire is expanding rapidly, and it’s making earlier ethics debates over his hotel and casino business interests look downright quaint. There are only so many rooms a foreign diplomat can book to curry favor with the president, and that might total into thousands of dollars, at most. And even President Donald Trump might have a limit on how many luxury Qatari jets he’d accept as gifts. But in the opaque world of cryptocurrencies, where transactions are often anonymous and unbound by national borders, there is virtually no cap on the amount of money a person or government could funnel to the president, his family and the growing list of entities they control. That list of entities already includes two “meme coins” — digital assets with no utility that serious crypto advocates tend to roll their eyes at — and an exchange called World Liberty Financial, which issues its own token. And soon, anyone with a brokerage account will be able to buy shares on the open market of American Bitcoin, a crypto mining firm backed by the president’s sons, Eric Trump and Donald Trump Jr. News of American Bitcoin’s plans to go public emerged Monday night, around the same time that another crypto side hustle was wrapping up: Bidding ended Monday in an auction for a private dinner with Trump, billed as an “unforgettable gala,” for the top holders of the $TRUMP meme coin. The top 25 were promised face time with Trump and a “VIP tour” of one of his private clubs.
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