During a Dubai conference, Trump’s conflicts occupy the front of the stage

Sitting in front of an auditorium crowded in Dubai, a founder of the Crypto-Monnaie company of the Trump family made a brief but monumental announcement on Thursday. A fund supported by Abu Dhabi, he said, would conclude a commercial agreement of $ 2 billion using digital parts of Trump.

This transaction would be a major contribution from a government foreign to the private company of President Trump – which is expected to generate hundreds of millions of dollars for the Trump family. And it is a public and lively illustration of ethical conflicts swirling around the cryptographic society of Mr. Trump, which scrambled the border between affairs and the government.

Zach Witkoff, founder of the Trump family crypto company, World Liberty Financial, revealed that a so-called stablecoin developed by the firm, would be used to finish the transaction between the Emirati investment company supported by the MGX and Binance state, the largest exchange of cryptography in the world.

Practically all the details of Mr. Witkoff’s announcement, made during a conference panel with the second oldest son of Mr. Trump, contained a conflict of interest.

The use by the MGX of The World Liberty Stablecoin, USD1, brings a Trump family business in business with a venture capital company supported by a foreign government. The agreement creates an official link between world freedom and binance – a company that has been supervised by the United States government since 2023, when it has admitted that it has violated federal money laundering laws.

And the splashing announcement served as advertising for cryptographic investors around the world on the training potential of a partnership with a company linked to President Trump, which is listed as the main defender of the cryptography of World Liberty.