US EditionPublished • loading... • Updated
Trump family deal spree could open door for future presidents to profit from office
The family’s crypto ventures have generated billions, while a UAE-linked sale and Saudi collaboration renewed questions about access and favoritism.
- In just over a year of his second term, President Donald Trump's family business has executed eight foreign deals, compared to zero in his first term. The Trump Organization announced Monday a new licensing venture, Trump Mobile, offering cell service and gold phones by summer.
- Past presidents, including George W. Bush and Harry Truman, avoided profiting from their office. Yet ethics experts argue current conflicts are 'unprecedented, blatant and dangerous to democracy,' with Julian Zelizer, a Princeton University historian, warning that policy decisions now overlap with family business interests.
- The family sold World Liberty Financial stakes to UAE entities for $500 million and raised $2 billion in stablecoins issued by the company. Additionally, the Trump Organization announced a 'collaboration' with a Saudi sovereign wealth fund-owned company, despite self-imposed rules against direct government business.
- Forbes estimates Trump's net worth reached $6.3 billion, a 60% increase since returning to office. Yet American Bitcoin stock and souvenir meme coins collapsed 90% from their highs, while public confidence in his ethical conduct dropped to 42% in January.
- The White House and the Trump Organization deny these arrangements present ethical issues. Trump told The New York Times in January that he is permitted to hold financial interests in businesses impacted by public policy, stating, 'I found out that nobody cared.
Insights by Ground AI
16 Articles
16 Articles
Associated Press News+12 Reposted by 12 other sources
Trump family deal spree could open door for future presidents to profit from office
For the Trump family, business is booming. Whereas the Trump Organization didn’t do a single deal overseas in Donald Trump's first term as president, it did eight in the past year.
·United States
Read Full Article
NBC Dallas-Fort WorthReposted by 
NBC Connecticut
NBC ConnecticutHow much is Trump profiting off the presidency? A look at his family's deal spree
For decades, presidents avoided even the appearance of profiting from their office. Harry Truman refused to lend his name to any business, even in retirement. Richard Nixon so feared a brother might profit off their ties, he had his phone tapped. And George W. Bush dumped his individual stock holdings before taking office. President Donald Trump is taking a different approach. The family real estate business is undergoing the fastest overseas ex…
·Fort Worth, United States
Read Full ArticleCoverage Details
Total News Sources16
Leaning Left7Leaning Right3Center2Last UpdatedBias Distribution58% Left
Bias Distribution
- 58% of the sources lean Left
58% Left
L 58%
C 17%
R 25%
Factuality
To view factuality data please Upgrade to Premium
