As Trump’s Family Crypto Business Gains Steam, Ethical Concerns Mount
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.
On Thursday, Eric Trump appeared onstage in Dubai at crypto conference Token2049. Alongside him sat Zachary Witkoff, cofounder of World Liberty Financial and son of the White House envoy to the Middle East, Steve Witkoff.
Together, the pair announced that USD1, a crypto coin unveiled by World Liberty Financial in March, would be used by MGX, an investment firm funded by the United Arab Emirates, to make a $2 billion investment in Binance, the world’s largest crypto…
