The Trump Family's Money-Making Machine
The Trump family has been leveraging the president's power to generate substantial income. Their ventures span a wide range, from cryptocurrencies to luxury resorts, raising concerns about potential conflicts of interest.
Global Business Deals
The Trump Organization, managed by the president's children, has seen significant financial gains since the election. Their deals extend globally, from the Middle East to the Mediterranean. Notably, the first lady has secured a deal with Amazon, a company frequently criticized by the president.
Cryptocurrency and Merchandise
The president has ventured into the cryptocurrency market, launching his own digital currency and promoting it on social media. Additionally, he has endorsed a line of Trump shoes, a Bible made in China, and Trump guitars.
Conflicts of Interest
The president's involvement in these business deals has sparked debates about conflicts of interest. Critics argue that he should distance himself from his family's businesses to maintain the appearance of impartiality. However, the president maintains that he is not involved in the day-to-day operations of the Trump Organization and that his business interests are separate from his presidential duties.
Cryptocurrency Ventures
The president has been an advocate for the crypto industry, pledging to make the U.S. the "crypto capital of the world" and promising to reduce regulatory oversight. This has raised concerns that his policies may benefit his personal business ventures.
Financial Gains from Cryptocurrency
The Trump family holds a majority stake in their cryptocurrency, entitling them to 75% of the earnings. Initially, their coin, $WLFI, struggled to gain traction. However, sales surged following the president's election.
Ongoing Concerns
The president's business activities continue to raise questions about conflicts of interest. While he asserts his separation from the Trump Organization's daily operations, critics remain skeptical about the potential influence of his business interests on his presidential duties.