As Trump hosts crypto gala, experts continue to raise conflict of interest concerns
When President Trump’s new tariffs started throttling freight traffic, the leader of trucking logistics firm Freight Technologies used an unorthodox method to try and get the president’s attention.
The California-based firm purchased $2 million worth of Trump Coin, the signature cryptocurrency backed by Mr. Trump. The president and his family launched Trump Coin days before he took office in January. Anyone can buy the cryptocurrency. An analytics firm says Mr. Trump’s family and other backers have collected more than $300 million in transaction fees so far.
Donald Quinby, Freight Technologies’ chief financial officer, told CBS News that the purchase seemed like “really the best platform for us to make a splash, to make some…
