World Liberty Financial’s cryptocurrency token fell short of investors’ hopes. But a previous deal paved the way for a payment to the Trump family of potentially hundreds of millions of dollars.
Category: Conflicts of Interest
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U.S. Ethics Agency Warns Bessent Over Conflicts of Interest
The Treasury secretary has been slow to divest assets, including farmland, that he pledged to shed.
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Trump Crypto Firm Announces $1.5 Billion Digital Coin Deal
A publicly traded tech firm, ALT5 Sigma, plans to sell $1.5 billion of shares to fund the purchase of a cryptocurrency created by World Liberty Financial, which the Trumps control.
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What Happened to the MAGA Instant Pot?
As its private-equity owner fought antitrust allegations, the countertop cooker suddenly embraced the president’s politics, trying the new playbook of lobbying through flattery.
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Trump Was Already a Crypto Czar in 2024
Financial disclosures for 2024 filed by the president on Friday show that digital coins had already become one of his family’s most successful ventures.
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Who Will Replace Elon Musk as the Leader of DOGE?
Joe Gebbia, a close friend of Mr. Musk’s, is expected to be a part of a small council of advisers that will oversee the Department of Government Efficiency.
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S.E.C. Drops Lawsuit Against Binance, a Crypto Exchange
The dismissal of charges against Binance and its founder, Changpeng Zhao, is the Trump administration’s latest pullback in cryptocurrency enforcement.
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Trump Pardoned Tax Cheat After Mother Attended $1 Million Dinner
Paul Walczak’s pardon application cited his mother’s support for the president, including raising millions of dollars and a connection to a plot to publicize a Biden family diary.
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Tiny Company With China Ties Announces Big Purchase of Trump Cryptocurrency
The firm, which produces content for TikTok, recorded no revenue last year, but it announced this week that a mysterious stock sale would allow it to invest heavily in the $TRUMP memecoin.
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Elon Musk’s Boring Company Is in Talks With Government Over Amtrak Project
The Federal Railroad Administration has brought in the tunneling company to help with a multibillion-dollar rail project.
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Donald Jr. and Eric Trump Pursue New Deals That Would Enrich President Trump
The president’s older sons, Donald Trump Jr. and Eric Trump, spent the past two weeks traveling the world and announcing deals, many of which will financially benefit their father.