At a Dubai conference, Trump's conflicts are the focus of the stage

A founder of the Trump Family Cryptocurrency's cryptocurrency business made a short but monumental announcement on Thursday. A fund supported by Abu Dhabi would conclude a business agreement of 2 billion US dollars with the digital coins of the Trump company.

This transaction would be a major contribution to a foreign government to President Trump's private company – one that generates hundreds of million dollars for the Trump family. And it is a public and lively illustration of the ethical conflicts that spoiled for Mr. Trump's crypto company and blurred the border between business and government.

Zach Witkoff, a founder of the Crypto company of the Trump family, World Liberty Financial, unveiled that a stable coin developed by the company was used to complete the transaction between the state-supported Emirati investment company MGX and Binance, the largest crypto exchange in the world.

Practically every detail of Mr. Witkoff's announcement, which was made with Mr. Trump's second -end son during a conference panel, contained a conflict of interest.

The use of the world Liberty StableCoin from MGX, USD1, brings a Trump family company to business with a foreign government supported by a foreign government. The deal creates a formal connection between World Liberty and Binance, a company that has been under the supervision of the US government since 2023 when it admitted that he had violated the money laundering laws of federal money.

And the lively announcement served as an advertisement for crypto investors worldwide about the potential to form a partnership with a company connected to President Trump, who is listed as the chief crypto lawyer of World Liberty.