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As Trump’s Family Crypto Business Gains Steam, Ethical Concerns Mount
A crypto company part-owned by the Trump family stands to earn millions of dollars from a business deal involving a state-backed investment fund from the UAE. The arrangement amounts to “foreign policy for sale,” critics claim.
As the leaders of World Liberty Financial, a crypto company part-owned by US president Donald Trump and his family, try to drum up business on an international tour, critics have raised the alarm over the collection of alleged conflicts of interest trailing in their wake. In recent visits to Pakistan, Bulgaria, and the UAE, the Trump family and World Liberty Financial founders have rubbed shoulders with lobbying groups, policymakers, and crypto industry luminaries. On April 27, the World Liberty Financial team was pictured alongside Changpeng Zhao, founder of Binance, who recently served a short prison sentence in the US after pleading guilty to failing to maintain an effective anti-money laundering program.
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