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As Trump’s Family Crypto Business Gains Steam, Ethical Concerns Mount

Wired LogoWired1d ago

As Trump’s Family Crypto Business Gains Steam, Ethical Concerns Mount - Wired

Quick Summary:

A crypto company part-owned by the Trump family stands to earn millions of dollars from a business deal involving a state-backed investment fund from the UAE.

The arrangement amounts to "foreign policy for sale,” critics claim.

Meanwhile, as World Liberty Financial forges into the stablecoin business, a piece of legislation that will establish the rules by which stablecoin issuers must abide —the GENIUS Act—is being fast tracked in the Senate.

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As Trump’s Family Crypto Business Gains Steam, Ethical Concerns Mount - Wired (Picture 1)As Trump’s Family Crypto Business Gains Steam, Ethical Concerns Mount - Wired (Picture 2)As Trump’s Family Crypto Business Gains Steam, Ethical Concerns Mount - Wired (Picture 3)As Trump’s Family Crypto Business Gains Steam, Ethical Concerns Mount - Wired (Picture 4)As Trump’s Family Crypto Business Gains Steam, Ethical Concerns Mount - Wired (Picture 5)

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Article Details

Author / Journalist: Joel Khalili

Category: TechnologyEconomy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-02 @ 15:43:16 (1 days ago)

News Timezone: GMT +8:00

News Source URL: wired.com

Language: English

Article Length: 1451 words

Reading Time: 9 minutes read

Sentences: 62 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Wired

News ID: 28322684

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About Wired

Main Topics: TechnologyEconomy

Official Website: wired.com

Update Frequency: 3 posts per day

Year Established: 1993

Headquarters: United States

News Last Updated: 22 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #111

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