The Trump family's foray into cryptocurrency has become an increasingly lucrative way to profit from the presidency. A recent $500 million deal between the Trump family's crypto company, World Liberty Financial, and Sheikh Tahnoon bin Zayed Al Nahyan, a senior member of the United Arab Emirates royal family, is just the latest example of how President Trump and his family are monetizing their time in office.
The deal, which was signed in secret two months before Trump's inauguration, gave Tahnoon control of nearly half of World Liberty Financial. This has led to accusations that Trump has compromised his ability to negotiate foreign policy with countries like the UAE, whose national security adviser is now a business partner of the US president.
It's not just the UAE that stands to benefit from this deal. The Trump family's crypto venture has generated over $1 billion in profits in the past year alone, making up almost 20% of the family's estimated fortune. This wealth is largely created through investments in foreign markets and transactions with anonymous buyers, allowing Trump and his family to collect hundreds of millions of dollars from foreign investors.
The deal also highlights the blurred lines between business and politics for Trump and his family. The administration has begun to deregulate the cryptocurrency industry and ordered the justice department to disband a national unit dedicated to investigating crypto-related fraud. This move suggests that Trump's priority is not public safety, but rather exploiting new technologies for personal gain.
Furthermore, the deal raises concerns about the potential misuse of advanced computer chips critical for AI development by countries like the UAE. The Trump administration has allowed the UAE to buy hundreds of thousands of these chips despite US national security officials' objections, highlighting the lack of oversight and accountability in this area.
The White House has claimed that there is no connection between the World Liberty crypto transaction and the administration's decision to sell AI technology to the UAE, but many experts are skeptical. The fact that Trump's son Eric and business partner Zach Witkoff announced a $2 billion investment in another company chaired by Tahnoon just weeks after the deal was signed suggests a clear link.
The lack of scrutiny from Congress is equally concerning. Despite an astonishing series of corrupt actions and self-enrichment by Trump and his family, there has been little interest in investigating these claims. As our democracy continues to erode, it's essential that we hold those in power accountable for their actions. The cost of Trump's crypto empire is not just financial; it's a threat to the integrity of our government and institutions.
The question on everyone's mind now is: what else are Trump and his family doing with this newfound wealth? As they continue to accumulate profits, we must also consider the long-term implications of their actions. Will this deal pave the way for future corrupt transactions? Only time will tell, but one thing is certain – the American people deserve better than a president who sees his office as an opportunity to enrich himself and his family.
The deal, which was signed in secret two months before Trump's inauguration, gave Tahnoon control of nearly half of World Liberty Financial. This has led to accusations that Trump has compromised his ability to negotiate foreign policy with countries like the UAE, whose national security adviser is now a business partner of the US president.
It's not just the UAE that stands to benefit from this deal. The Trump family's crypto venture has generated over $1 billion in profits in the past year alone, making up almost 20% of the family's estimated fortune. This wealth is largely created through investments in foreign markets and transactions with anonymous buyers, allowing Trump and his family to collect hundreds of millions of dollars from foreign investors.
The deal also highlights the blurred lines between business and politics for Trump and his family. The administration has begun to deregulate the cryptocurrency industry and ordered the justice department to disband a national unit dedicated to investigating crypto-related fraud. This move suggests that Trump's priority is not public safety, but rather exploiting new technologies for personal gain.
Furthermore, the deal raises concerns about the potential misuse of advanced computer chips critical for AI development by countries like the UAE. The Trump administration has allowed the UAE to buy hundreds of thousands of these chips despite US national security officials' objections, highlighting the lack of oversight and accountability in this area.
The White House has claimed that there is no connection between the World Liberty crypto transaction and the administration's decision to sell AI technology to the UAE, but many experts are skeptical. The fact that Trump's son Eric and business partner Zach Witkoff announced a $2 billion investment in another company chaired by Tahnoon just weeks after the deal was signed suggests a clear link.
The lack of scrutiny from Congress is equally concerning. Despite an astonishing series of corrupt actions and self-enrichment by Trump and his family, there has been little interest in investigating these claims. As our democracy continues to erode, it's essential that we hold those in power accountable for their actions. The cost of Trump's crypto empire is not just financial; it's a threat to the integrity of our government and institutions.
The question on everyone's mind now is: what else are Trump and his family doing with this newfound wealth? As they continue to accumulate profits, we must also consider the long-term implications of their actions. Will this deal pave the way for future corrupt transactions? Only time will tell, but one thing is certain – the American people deserve better than a president who sees his office as an opportunity to enrich himself and his family.
Trump's family making all that cash from cryptocurrency while we're still dealing with real issues like healthcare and education... it's like they think their presidency is a get rich quick scheme 
meanwhile the rest of us are stuck in the dark ages 
This latest crypto deal with the UAE royal family is just another example of how President Trump's presidency has become a personal cash cow 
. I mean, can you believe $500 million for a secret deal signed two months before inauguration? 
. The UAE gets access to advanced computer chips critical for AI development, which could be used against us in the future 
. It's a classic case of "wolf at the door" – Trump's family is playing with fire, and we're all paying the price 
.
. Where are the investigations? The scrutiny? It's like they're too busy patting Trump on the back for his "economic expertise" 
. Newsflash: being a billionaire doesn't qualify you to run the country, no matter how much cash you've got 
. The American people deserve better than a president who's more interested in lining his own pockets than serving the nation 
. This crypto deal is just the tip of the iceberg – it's time to shine a light on Trump's financial dealings and see where they lead 
.
I mean, can't believe we're still dealing with these kinds of shady deals on this platform 
. How come it was signed in secret before the inauguration? It just reeks of corruption 
. We need more transparency and accountability from our leaders, not less 
. The Trump family's crypto empire may be lucrative for them, but it's a threat to our democracy 
.
. And it's sad that Congress isn't doing enough to hold them accountable 
.
This $500 million deal with Sheikh Tahnoon bin Zayed Al Nahyan is just another example of how the Trumps are making money off the backs of our country... I mean, who needs foreign policy when you can make a quick buck? 
The Trumps' crypto empire might be lucrative, but at what cost? Our democracy and institutions are being compromised, and that's a price I'm not willing to pay 
. It's like, what are they planning to do with all those chips? It doesn't add up.
. We deserve better than this.
. The fact that Eric Trump is already raking it in with his own "investment" venture is just the icing on the cake... or should I say, the Bitcoin 
. The American people deserve better than some rich guy using his influence to get richer.
. Meanwhile, the rest of us are just expected to sit back and let them get away with it 
. And what really gets my goat is that Congress hasn't been doing their job, investigating these claims and holding Trump accountable