At the conference in Dubai, conflicts to Trump take into the central phase

Sitting in front of the audience package in Dubai, the founder of Trump’s family cryptocurnent business made a short, but monumental announcement on Thursday. The Fund that supported Abu Dhabi, would say, would take a business work of $ 2 billion using digital coffins Trump’s company.

This transaction would be a great contribution to the Government on the private endeavor of President Trump – the one who states to generate hundreds of millions of dollars for the Trump family. And that is a public and living illustration Ethical conflicts revolve around crypto G. Trump The company, which furtified the border between work and the government.

Zach Vitkoff, founder of Trump’s CRPTO company Firm, world freedoms financially, discovered that it was so-called Stablecoin Developed by the company, it will be used to complete the transaction between the state investment company of the MGKS and Binance, the largest crypto exchanges in the world.

Almost every detail of Mr. Vitkoff announcements, made during the conference panel with another oldest son of Mr. Trump, contained conflict of interest.

MGX’s use of world freedom Stablecoin, USD, brings Trump’s family business in business with a venture that supported foreign governments. The agreement creates a formal connection between world freedom and bynance – a company under the supervision of the US government from 2023. years, when she admitted to the Federal Laws on Money Washing.

And the announcement of Splashija served as an advertisement for crypto investors around the world about the potential to form partnerships related to President Trump, which is listed as the main advocate of CRIPTO in the world.

“We thank the MGKS and binants for their trust in us,” said Mr. Vitkoff, which is the son of an envoy of the White House in the Middle East, Steve Vitkoff. “It’s just the beginning.”

Mr. Vitkoff and Eric Trump spoke to the panel at Token2049, the main crypto conference in the United Arab Emirates, where more than 10,000 digital currency enthusiasts gathered a week of networking. It was the latest station at Mr. Vitkoff International tour, which Pakistan visited last month with his business partners to meet the prime minister and other government officials. Eric Trump, who leads family business, spent a week in Dubai, where is announced It plans to support the hotel and a trump card.

The President himself was set to travel to Saudi Arabia, Qatar and UAE at a state visit in two weeks.

The Commission of his Son with Mr. Vitkoft was the most surging event of the conference in Dubai. The auditorium, within a luxury resort on the coast of the Persian Bay, was full of crypto investors from all over the world, many of which had to stand in the passages or leaning on the pillows affected on the walls to watch the conversation.

“This is just one amazing country,” said Mr. Vitkoff from the stage. “One of the most innovative, if not the most innovative, state on the planet Earth today.”

Representatives of Bynance, MGKS and world freedom did not react to commentary requests.

Once Cripto Skeptić, President Trump embraced digital currencies at the trail of the campaign last year, because the industry spilled tens of millions of dollars in the 2024 elections. Years. In September, he and his sons revealed world freedom, which set up as a new type of internet bank that would allow people to borrow and borrow money using cryptocurrency.

Since then, world freedom has sold $ 550 million worth a new cryptocurrency called $ vlfi, with a large reduction in income intended for a business entity related to the Trump Family. In March and the company also created StableCoin – a type of digital currency designed to maintain the price of $ 1, which makes it practical for use for large transactions, because its value does not swing like stock.

The company’s serving created conflicts of interest without precedents in the modern history of American American. Some of the investors who purchased $ VLFI coins are foreign nationals that are prohibited to support the president through the contribution of the campaign or donation to the inaugural fund. And many corporate partners of the company have clear incentives for removing the federal government as they want to spread in the American market.

Even the Roster Panel on Stage in Dubai pointed out how much the business interests of Trump’s family is now blurred with the policy and regulation of the United States.

Sitting together with Mr. Vitkoff and Ericom Trump was one of the world’s best freedoms, Justin Sun, a Chinese billionaire that runs the platform of the throne. Г. Sun bought $ 75 million in $ VLFI coins after the choice.

About a year earlier, the Securities and Exchange Commission were tourist. Sun, accusing him that he will manipulate the price of the Kruptocurrency of the Trons. When Mr. Trump attended the SEC, SEC asked the Federal Judge to stop the case as the Agency negotiated in the settlement, which the judge did.

“I have to thank you for your support, Justin,” said Mr. Vitaloff. “The throne is just amazing technology and we are happy we are partners with you.”

Soon Mr. Vitkoff delivered a great discovering greater.

In March, the binance announced that MGKS, the investment fund would support the government of Abu Dhabi, invest $ 2 billion in exchange with Stablecoin. But which particular Stablecoin used to make it did not detect it.

The coins selected for the transaction was world freedom 1, Mr. Vitaloff said.

“Wow,” Mr. Sun replied.

MGKS leaders and stage had high roles with American officials.

MGK leads Sheikh Tamnoon Bin Zaid Al Nahian, Emirates Royal, which serves as a national national security advisor. In March, Sheikh Tahnoon visited United States for meetings with President Trum and some of his members and counselors in the Office.

2023 Binance pleaded guilty of charges that she breached money laundering laws and enabled criminals to transactions on their platform. As part of the settlement with the Department of Justice and other Federal Agencies, the company was placed under the monitor of the Vault Department to ensure that it would adhere to the law.

In recent months, the founder of binance, Changpeng Zhao, seeking forgiveness from the Trump administration, after pleadoring guilty of the breach of money laundering and spent four months in the federal prison.

The role of USD in Binancer agreement with the MGKS provides great financial support to world freedom.

Stablechoin expenditures like world freedom earn in accepting investor deposits, giving them stablecoins in return and then invested and deposits to give a yield that the publisher holds.

Precise details on the agreement of world freedom with MGKS and binance are not clear. But it seems to be with one agreement, world freedom now has $ 2 billion deposits for investment. The funds itself can create tens of millions of dollars a year in revenues for the Trump’s family and its partners in world freedom.

In the end, Mr. Vitkoff said from the stage in Dubai, expected to grow the world freedom of Stablecoin to grow even higher, reaching “many billion market caps”.

One day, he continued, the United Arab Emirates visitors can even use USD1 coins to pay at the four seasons in Abu Dhabi.

In that, Eric Trump broke into correction.

“You won’t walk in four seasons using USD1,” he said. “You want to enter Trump International Hotel and Tower.”