Former President Donald Trump’s sons, Eric Trump and Donald Trump Jr., have launched a cryptocurrency venture, World Liberty Financial, raising ethical questions as Trump campaigns for re-election. The venture has already amassed over $550 million through token sales, with Trump serving as the company’s “chief crypto advocate.”
Trump has pledged to make the U.S. the “crypto capital of the planet,” aligning his policy proposals with his family’s business interests. Ethics experts warn that this alignment could create conflicts of interest if Trump returns to the White House. John P. Pelissero, director of government ethics at Santa Clara University, stated, “Doing anything to promote crypto so it might benefit his sons’ future business is a problem.”
The venture’s advisory team includes individuals with controversial backgrounds. One advisor, Chase Herro, previously associated with a blockchain app that lost over $2 million to hackers, described himself as a “dirtbag of the internet.”
The Trump family’s involvement in cryptocurrency marks a new chapter in their business endeavors, raising questions about the intersection of personal business interests and public policy.
