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'Ethics laws' be damned: Here's the $2 billion Trump deal you haven't heard about
Critics of President Donald Trump are attacking his willingness to accept a major gift from the government of Qatar — a luxury jet — as wildly unethical. A U.S. president, they argue, has no business accepting such a gift from a foreign government.
The Qatari jet has been the subject of countless discussions on CNN and MSNBC. But according to The Guardian's Doyle McManus, a Trump-related foreign deal that isn't receiving as much attention is even bigger: a $2 billion cryptocurrency venture involving Trump, attorney Steve Witkoff (a longtime ally) and the emirate of Abu Dhabi. And like the Qatar jet, McManus stresses, it also raises "ethics laws" concerns.
In an article published on May 30, McManus reports, "The investment by a firm controlled by Abu Dhabi's sovereign wealth fund will go to World Liberty Financial, a cryptocurrency firm whose biggest beneficiaries are the Trump and Witkoff families. Thanks to Abu Dhabi’s purchase of their 'stablecoin,' the Trumps and Witkoffs will collect hefty fees and could reap hundreds of millions of dollars in interest payments."
McManus adds, "The deal isn’t as headline-grabbing as Qatar’s plane, but it's a lot more valuable. It was the biggest single purchase of World Liberty's cryptocoins yet — an immense injection of revenue into Trump's most lucrative personal money-making scheme."
The Qatari jet has been the subject of countless discussions on CNN and MSNBC. But according to The Guardian's Doyle McManus, a Trump-related foreign deal that isn't receiving as much attention is even bigger: a $2 billion cryptocurrency venture involving Trump, attorney Steve Witkoff (a longtime ally) and the emirate of Abu Dhabi. And like the Qatar jet, McManus stresses, it also raises "ethics laws" concerns.
In an article published on May 30, McManus reports, "The investment by a firm controlled by Abu Dhabi's sovereign wealth fund will go to World Liberty Financial, a cryptocurrency firm whose biggest beneficiaries are the Trump and Witkoff families. Thanks to Abu Dhabi’s purchase of their 'stablecoin,' the Trumps and Witkoffs will collect hefty fees and could reap hundreds of millions of dollars in interest payments."
McManus adds, "The deal isn’t as headline-grabbing as Qatar’s plane, but it's a lot more valuable. It was the biggest single purchase of World Liberty's cryptocoins yet — an immense injection of revenue into Trump's most lucrative personal money-making scheme."
https://www.alternet.org/trump-witkoff-abu-dhabi/
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