Joe.My.God. LGBT News
The New York Times reports:
Sitting in front of a packed auditorium in Dubai, a founder of the Trump family cryptocurrency business made a brief but monumental announcement on Thursday. A fund backed by Abu Dhabi, he said, would be making a $2 billion business deal using the Trump firm’s digital coins.
That transaction would be a major contribution by a foreign government to President Trump’s private venture — one that stands to generate hundreds of millions of dollars for the Trump family. And it is a public and vivid illustration of the ethical conflicts swirling around Mr. Trump’s crypto firm, which has blurred the boundary between business and government.
Zach Witkoff, a founder of the Trump family crypto firm, World Liberty Financial, revealed that a so-called stablecoin developed by the firm, would be used to complete the transaction between the state-backed Emirati investment firm MGX and Binance, the largest crypto exchange in the world.
Read the full article.
Zach Witkoff is the son of Trump’s billionaire Russia-Ukraine envoy, Steve Witkoff.
Zach and his brother are also founding investors in Trump Junior’s billionaires-only Washington DC club.
Yesterday 404 Media reported that the Commerce Department has registered three .gov domains to promote Trump’s grift coin scam.
“It is a public and vivid illustration of the ethical conflicts swirling around Mr. Trump’s crypto firm, which has blurred the boundary between business and government.” Er, understatement much?https://t.co/GCl9mMzHtJ
— Alexander C. Kafka (@AlexanderKafka) May 1, 2025