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Trump’s Conflicts Take Center Stage

  • On May 1, 2025, World Liberty Financial, a crypto firm co-created by the Trump family, announced a $2 billion Emirati-backed investment in Binance at a Dubai conference.
  • This event follows the Trump family’s increasing involvement in cryptocurrency, including hosting investor dinners and earlier launches of tokens tied to political and business interests.
  • World Liberty’s USD1 stablecoin will facilitate the investment by MGX, a UAE government-backed fund, linking Trump’s crypto ventures with Binance, which pleaded guilty in 2023 to U.S. Money laundering violations.
  • The $2 billion deal caused a price surge in the $TRUMP coin and raised questions about conflicts of interest and foreign influence due to the involvement of a foreign government in Trump-affiliated crypto businesses.
  • The announcement illustrates the blurred lines between Trump family business and U.S. Policy, highlighting ongoing ethical concerns amid the administration’s regulatory stance on cryptocurrency.
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The New Republic broke the news in on Thursday, May 1, 2025.
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