There is a constant value that is expected from all our political leaders – a solid set of ethics. Having ethical values is a sine qua non for all political leader, whatever its political affiliation. Ethical values are the foundation of a leader. When ethical leaders make decisions, they hold responsible for their actions. Decisions are made because they are the right thing to do for those that a leader represents – and not because they benefit the leader.
Unfortunately, President Donald Trump has a different set of ethical standards he subscribes. Several of his recent actions are concerned and have certainly entered the ethical field – the $ 400 million gift from Qatar 747 that Trump wants to accept, an agreement of $ 5.5 billion from the Trump organization to build a station in Qatar and another dollars’ agreement to build a hotel and an international tower in Dubai.
The most worrying question, however, is that of Trump and his family’s business in cryptocurrency. What is confusing is that in his first mandate, Trump referral to cryptocurrency Like “no money”, saying he was volatile and his value “based on thin air”. During his second campaign, however, he moved his position, becoming the first major candidate to accept donations in the form of cryptocurrency.
According to a report on the action of the action of defenders of the group’s state democracy, Trump’s company in cryptographic products has increased the richness of his family of billions of dollars in the last six months – everything occurring while the government serves its approach to regulate the digital currency industry.
The action of the defenders of state democracy estimates that Crypto Holdings represents 40% of Trump’s net value – around 2.9 billion dollars. The increase is largely due to the publication of the pieces even $ Trump and Melania at the end of last year and in greater participation in World Liberty Financial (WLF).
WLF is an Crypto exchange that was launched last fall. Trump’s two sons promoted WLF. One of WLF’s co-founders is Zach Witkoff, son of Trump’s long-standing friend Steve Witkoff, who is now special by President Trump. In May, WLF announced that it would play an important role in an investment agreement of $ 2 billion by an Abu Dhabi financial fund in the crypto exchange. Binance pleaded guilty to American money laundering in 2023, among other violations.
Unsurprisingly, a New York Times investigation describe WLF as “avoiding the border between private enterprise and government policy in an unprecedented way in modern American history”.
Trump recently organized a dinner in his northern Virginia golf club for the best individuals holding the $ Trump’s play. An invitation to dinner was openly sold with the 220 best guest holders. When the competition was announced, there was a wave of activities in the purchase of parts.
One of the dinner participants was Justin Sun, a Chinese billionaire who bought more than $ 40 million in the same $ Trump. Sun has already invested at least $ 75 million in the WLF. In 2023, the Securities and Exchange Commission accused Sun of fraud. But after Trump took office, the SEC suspended his trial and abandoned other surveys and cryptographic proceedings of more than a dozen cryptographic societies.
Trump dinner participants openly admitted that they used dinner to urge the president to loosen the regulations on the cryptography industry. Half of the 220 best dinner participants would have bought their parts using foreign exchanges. This suggests that most buyers are foreigners, certainly a red flag for those who know the crypto and the financial world.
“People pay to meet Trump and he is the chief regulator. It is doubly corrupt. It is unprecedented. I do not think there was something like in American history, ”explains Professor Richard Briffault, a legal scholarship holder from Columbia University in government ethics.
During Trump’s first Trump campaign for the White House, he told the voters that he wanted to come to Washington and “drain the marsh”. He was referring to the corruption he perceived in the government. He continued to echo corruption during his second campaign by allegations concerning President Joe Biden and his son, Hunter.
It is time for the two sides of the alleys of Congress to have the courage to put aside political affiliation and to say: “This contempt for the ethics of our president must be addressed.” But at the moment, as the Atlantic said in a recent article“Congress today is in dorsal decubitus … Congress does not seem to worry about it.” The courts also seem to have rolled.
“Trump has brought corruption to a new level. He seems singularly motivated to deregulate the cryptography industry for the financial benefit of himself and his family. I hope that I am still in the Congress so that I can vote to dismiss the guy,” said the former member of the Republican Congress David Trott.
Even Tucker Carlson, who campaigned with Trump last year, said his concern in a podcast when he discussed Trump’s family agreements. When the host of the Podcast said: “This thing worries me,” said Carlson saying: “Well, it seems to be corruption, yes.”
Tom Jurkowsky is a retired counter-adminite of the US Navy who served in active service for 31 years. He is the author of the book “The Secret Sauce for Organizational Success: Communications and Leadership on the same wavelength”. He sat at the faculty of Anne Arundel Community College as an auxiliary instructor where he gave conferences on current affairs.
