Former White House Ethics Advisor: WLFI provides almost unlimited opportunities for foreign governments to reward Trump

Foresight News|May 14, 2025 09:20
According to Foresight News, as reported by The New York Times, Norman Eisen, Virginia Canter, and Richard W. Painter, who served as ethics advisers to the Clinton, George Bush, and Obama administrations, wrote in an article that "as the White House lawyers responsible for enforcing the ban on giving foreign government gifts to the president in recent years, we believe Donald Trump is violating these rules in the most blatant way. We are not just talking about his apparent desire to accept a plane worth about $400 million from Qatar. His cryptocurrency dispute is equally bad - and may even be worse." Former advisers said that first of all, the Qatari royal family may donate a luxury Boeing 747-8, which is essentially a gift to Trump. Another major issue regarding Trump's salary is related to cryptocurrency and another country he is currently visiting in the Middle East. According to reports, a venture fund supported by the Abu Dhabi government in the United Arab Emirates is conducting commercial transactions using the $2 billion stablecoin USD1 provided by World Liberty Financial, a cryptocurrency company of the Trump family. This enterprise is mainly owned by Trump and his family, and the president is listed as the 'Chief Cryptocurrency Advocate'. This digital currency is pegged to the US dollar. Trump and his family will benefit greatly from it. This business, as well as Mr. Trump's other cryptocurrency investments, such as his Trump Meme coin, provides almost unlimited opportunities for foreign governments to reward Mr. Trump. Foreign governments only need to inject capital into World Liberty Financial, just like investment companies supported by the UAE government. This also violates foreign salary terms.
Share To
HotFlash
APP
X
Telegram
CopyLink