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Policy

Trump’s White House Business Shindig Will Be a Cesspool of Financial Conflicts

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Mother Jones

Publisher

Aug 18, 2026 at 10:51 PM UTC · 3 Min. Lesezeit

Trump’s White House Business Shindig Will Be a Cesspool of Financial Conflicts
Image via Mother Jones

Key Signal

$500M UAE official's WLF stake

Last Updated

vor 2 Tagen

Übersetzung…

Sipa via AP Images

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Donald Trump will welcome the leaders of major cryptocurrency and prediction-market companies to the White House on Wednesday to discuss how they should be regulated—a potential make-or-break moment for nascent industries that have struggled to establish themselves as credible and legal.

As it happens, Trump himself is a crypto and prediction-market leader. The president and his adult children are major investors in both industries.

In the past, presidents have divested from their business interests while serving, or have taken pains to distance themselves from any involvement. During his second term, Trump has done essentially the opposite. And his hand in the regulation of two industries he’s directly involved with is merely one headline from this president’s Financial Conflicts News of the Week.

Consider World Liberty Financial, a crypto firm Trump co-owns, in which a senior government official from the United Arab Emirates acquired a $500 million stake just months before the administration, ignoring national security concerns, agreed to provide the UAE with America’s most advanced AI chips.

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