{"id":1050107,"date":"2024-12-05T11:42:32","date_gmt":"2024-12-05T16:42:32","guid":{"rendered":"https:\/\/democrats.org\/?p=1050107"},"modified":"2024-12-05T11:42:33","modified_gmt":"2024-12-05T16:42:33","slug":"icymi-trump-set-to-cash-out-with-web-of-conflicts-in-the-white-house","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/icymi-trump-set-to-cash-out-with-web-of-conflicts-in-the-white-house\/","title":{"rendered":"ICYMI: Trump Set to Cash Out With \u201cWeb of Conflicts\u201d in the White House"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1500\" height=\"500\" src=\"https:\/\/democrats.org\/wp-content\/uploads\/2024\/08\/image.png\" alt=\"\" class=\"wp-image-1038290\" srcset=\"https:\/\/democrats.org\/wp-content\/uploads\/2024\/08\/image.png 1500w, https:\/\/democrats.org\/wp-content\/uploads\/2024\/08\/image.png?resize=300,100 300w, https:\/\/democrats.org\/wp-content\/uploads\/2024\/08\/image.png?resize=768,256 768w, https:\/\/democrats.org\/wp-content\/uploads\/2024\/08\/image.png?resize=1024,341 1024w\" sizes=\"auto, (max-width: 1500px) 100vw, 1500px\" \/><\/figure>\n\n\n\n<p><strong>Key Point:<\/strong> \u201cIn the wake of Donald J. Trump\u2019s election victory, his family business is poised to capitalize on his presidency with a variety of new ventures, according to a New York Times review of financial records and interviews with people knowledgeable about his finances. And unlike in his first term, the people said, the Trump Organization aims to issue a more limited ethics plan that is unlikely to significantly curb its growth.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/www.nytimes.com\/2024\/12\/05\/us\/politics\/trump-organization-ethics-policy-foreign-deals.html\"><strong>New York Times<\/strong><\/a><strong>: Trump Organization Plans an Ethics Policy Without Banning Foreign Deals<\/strong><\/p>\n\n\n\n<p>By: Eric Lipton, Ben Protess, and David Yaffe-Bellany<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>In the wake of Donald J. Trump\u2019s election victory, his family business is poised to capitalize on his presidency with a variety of new ventures, according to a New York Times review of financial records and interviews with people knowledgeable about his finances.\u00a0<\/strong><br><\/li>\n\n\n\n<li><strong>And unlike in his first term, the people said, the Trump Organization aims to issue a more limited ethics plan that is unlikely to significantly curb its growth.<\/strong><br><\/li>\n\n\n\n<li>As the inauguration approaches, Eric Trump, Mr. Trump\u2019s second son and the company\u2019s de facto leader, is expected to forgo deals directly with foreign governments. But he is not planning to revive the promise the company made eight years ago to swear off all other foreign deals while his father occupies the White House.<br><\/li>\n\n\n\n<li><strong>Without that guardrail \u2014 the centerpiece of the Trump Organization\u2019s 2017 ethics plan \u2014 the company would be free to profit from an array of business in countries essential to American foreign policy interests.<\/strong><br><\/li>\n\n\n\n<li>In the months leading up to Election Day, Eric Trump struck real estate deals in Vietnam, Saudi Arabia and the United Arab Emirates, and he has shown interest in new hotel projects in Israel and other countries across the Middle East, Latin America and Asia. \u2026<br><\/li>\n\n\n\n<li>World Liberty Financial, a new cryptocurrency platform that the Trumps helped create, recently received a lucrative investment from a Chinese entrepreneur, a deal that could ultimately pay the family about $22 million. \u2026<br><\/li>\n\n\n\n<li><strong>The new ventures \u2014 both of which will face oversight from federal regulators appointed by the president \u2014 underscore how the company\u2019s recent expansion created an even more complicated web of conflicts than in Mr. Trump\u2019s first term. And much like the Trump administration, the Trump Organization will be unleashed in the second term, free to pursue new deals that could blur the lines between the presidency and the business. <\/strong>\u2026<br><\/li>\n\n\n\n<li>In a late October filing with the Securities and Exchange Commission, the founders of World Liberty Financial listed Eric Trump, along with his brother, Donald J. Trump Jr., as \u201cpromoters\u201d of the crypto platform. President-elect Trump is named, on a separate document, as the company\u2019s \u201cchief crypto advocate.\u201d<br><\/li>\n\n\n\n<li>World Liberty Financial was created, in part, by Mr. Trump\u2019s close friend, Steven Witkoff, a New York City real-estate executive who Mr. Trump has said he intends to appoint as his new Middle East envoy. \u2026<br><\/li>\n\n\n\n<li>The entanglements between the Trump family and the crypto industry create an obvious conflict of interest, said Timothy Massad, the former chairman of the Commodity Futures Trading Commission, which helps regulate cryptocurrency, along with the S.E.C.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key Point: \u201cIn the wake of Donald J. Trump\u2019s election victory, his family business is poised to capitalize on his presidency with a variety of new ventures, according to a New York Times review of financial records and interviews with people knowledgeable about his finances. And unlike in his first term, the people said, the [&hellip;]<\/p>\n","protected":false},"author":292,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1050107","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ICYMI: Trump Set to Cash Out With \u201cWeb of Conflicts\u201d in the White House - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/icymi-trump-set-to-cash-out-with-web-of-conflicts-in-the-white-house\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-05T16:42:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-05T16:42:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/democrats.org\/wp-content\/uploads\/2024\/08\/image.png\" \/>\n<meta name=\"author\" content=\"Adrianna Tomasello\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Adrianna Tomasello\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/icymi-trump-set-to-cash-out-with-web-of-conflicts-in-the-white-house\/\",\"url\":\"https:\/\/democrats.org\/news\/icymi-trump-set-to-cash-out-with-web-of-conflicts-in-the-white-house\/\",\"name\":\"ICYMI: Trump Set to Cash Out With \u201cWeb of Conflicts\u201d in the White House - 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