Conflict of Interest
A $500 million investment by a UAE royal family member into a Trump family cryptocurrency company has sparked accusations of corruption and conflicts of interest. The deal, finalized days before Donald Trump's January 2025 inauguration, involved World Liberty Financial and has drawn scrutiny from ethics experts. Critics question whether subsequent US policy decisions favoring the UAE, such as allowing Nvidia AI chip imports, were influenced by the investment.
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Six Democratic senators have accused Deputy Attorney General Todd Blanche of a glaring conflict of interest in shutting down cryptocurrency enforcement efforts. A ProPublica investigation revealed that Blanche held at least $159,000 in crypto-related assets when he issued the order. The senators demand details on how his actions were cleared ethically.
Former German Finance Minister Christian Lindner plans to join the US consulting firm Teneo but faces criticism over potential conflicts of interest. His inner circle emphasizes that the federal government will review such conflicts. Approval for the move still rests with the government.