The owner of the owner of the owner of the owner

Washington
CNN
–

The truth is the social group of Trump Group Media and Technology Declare Wednesday plans to expand financial services and possibly buy bitcoin and other encrypted currencies.

Trump’s shares of media (DjtI got 8 % on the news.

Trump Media said it is planning to launch a FinTec brand called Truth.fi and the provision of investment vehicles that will focus on American growth, manufacturing, energy and “national economy”. The payment was to Fintech Telegraph through the brand application November.

Trump Media’s movements, a company based on President Donald Trump’s brand, is likely to be raised More conflicts in interests About the second Trump administration.

The company said that its board of directors also agreed to plans to diversify its monetary holdings in the boxes circulating on the stock exchange (ETFS), Bitcoin and other cryptocurrencies and securities related to encryption.

“We have started creating a free social media platform, and we added a high -speed television broadcast service, and now we move to investment and decentralized financing products,” Divin Nunes, CEO of Trump’s media company and a former Republican member of Congress, said in a statement.

Trump Media said she was cooperating with Charles Schwab to develop allocated and managed funds separately and advise investments.

Days before he took office, Trump and First Lady Melania Trump disturbed ethics ethics and even some in the encryption industry by Launching a pair of coins.

Ethics experts are now more concern about Trump pushing the media to finance and encryption because Trump presides over how the federal government organizes these industries.

“These commercial moves create more opportunities for conflicts of interests:” the various agencies regulating the financial industry will now control by the persons appointed by President Trump himself. “To CNN. . “These people will face questions about how to deal with things that will affect their president’s financial interests.”

The White House did not respond to the request to comment on these concerns.

Trump announced in December He transferred his dominant share in the media Trump To cancelable confidence is the only beneficiary. Trump’s son, Donald Trump Junior, is the only guardian of confidence.

Richard Pinter, the best ethics lawyer in the George W. Bush administration, said that Trump’s transfer to his shares to the insurance box does nothing to alleviate the conflict of interests.

A painter, who is now a law professor at the University of Minnesota, told CNN in an interview: “The President of the United States is going further further – while summoning executive orders on encryption,” a painter, now a law professor at Minnesota University, told CNN in an interview.

Besides the concerns of conflicts in interest, the painter expressed his concern that Trump’s investments can lead to an increase in asset prices in the encryption markets to the point that they are a systematic risk of the wider economy.

“We have a president who confirmed many executive authority in all areas that invest in assets,” Pinter said. “This is a situation that can be very dangerous for our economy.”

Trump Media said that she expects its products and services to be launched later this year after “any necessary approvals have been secured by financial organizers.”