Commenter “Bauxite” has a question:
Barry Meislin- Nah. If [the Democrats are] smart they’ll impeach [Trump] for this:
The UAE Quietly Poured a Half-Billion Dollars into Trump’s Crypto Venture Four Days Before Inauguration
Of course that means that they’ll probably impeach him for ICE or something stupid and political.
Anyway, I’m curious to know what the regulars think of Trump’s crypto business.
Here’s my response.
Remember when Trump and his family were debanked, during the time that they were also being attacked through lawfare? The left was trying to destroy their lives, including taking away their wealth.
The Trumps are on record as saying they got into crypto because they realized their money wasn’t safe in the banking system. See this:
“Every major banking institution, the people that, two weeks before we were debanked, we could’ve called and gotten a loan in five seconds. They disappeared. We were left high and dry,” he said.
“Basically, during the first term, certainly after the…let’s call it January 6… all the nonsense, it got significantly worse,” he said …
“We weren’t even early crypto guys, but we figured, if they can debank the Trump Organization, if they can debank us, who can’t they go after? And more importantly, who won’t they go after?” he continued.
Trump Jr. said that instead of going home and “go cry in a corner,” they decided to launch World Liberty Financial, which he described as the future of banking.
Read the whole article. One of the most interesting aspects of it is that, although it was written in the summer of 2025 when the facts of J6 were well known, it repeats these lies, including calling the mob on J6 “deadly”:
Five people, including one police officer, died and several more were injured when the pro-Trump mob breached the Capitol building.
The police officer, Sicknick, didn’t “die when the pro-Trump mob breached the Capitol building.” I’ve written many times about what really happened. Another was killed by the deadly Capitol Police, Of the other three, two died of heart attacks and one of those wasn’t ever at the Capitol but merely at the earlier rally. The third person of those three who died, Rosanne Boyland, was reported variously to have been beaten to death by police, to have been trampled in the crowd, and on autopsy to have died of an overdose. So the article is purposely misleading; what else is new?
As for the article you linked, about the UAE – I’m not at all in favor of that sort of thing. At the very least, it gives the appearance of corruption and certainly might be true corruption. However, I also agree with the writer of this comment at the article:
What [Andrew C. McCarthy, the piece’s author] fails to understand is the potential behind WLF. It very well could become the first crypto bank, which is more and more likely to be the future of currency. I’d also add that when you have lots of money to throw around…you throw it around. Maybe it’s for favor later or just to perhaps get lucky and make more money off the next big thing. There are also a lot of assumptions in this piece. For instance, the not naming of the UAE reps. on the board is supposedly for nefarious reasons – to hide them. OR, in typical Trump style, he wants his name on almost everything and doesn’t want others to get the credit. While I say all this, aren’t most big business and political dealings suspect at best? I feel like this is just how the world works these days…
And also this one:
It’s nice to have a leader who wants us to be proud of our country rather than ashamed of our past. I’m not at all surprised that he’s acting as one of the elite. He’s been one of the elite his entire life. He joins the ranks of Pelosi, Omar, Biden (and pretty much every other politician) in enriching himself through his position.
The UAE is actually one of the best of the Arab countries in terms of reforming the hatred it used to teach, by the way. Also, here’s a not-all-that-bad article in, of all places the Guardian. Excerpt:
Documents seen by the Journal indicate that Tahnoon paid the Trump family and entities affiliated with Steve Witkoff, co-founder of World Liberty and Trump’s envoy to the Middle East, half of the investment up front, with $187m going to Trump entities, and $31m going to Witkoff’s. The payment came from Aryam Investment, a Tahnoon-backed company.
A White House official said the president was “not involved in running his businesses and has turned them over to his children, so these business endeavors do not involve him”.
Claims that the president had breached the constitution’s federal emoluments clause, designed to safeguard against corruption, are “bogus and irrelevant”, the official argued. “Mere appearances of business deals with which he has no involvement plainly cannot violate the Emoluments clause.”
In a statement, the White House counsel, David Warrington, added: “President Trump performs his constitutional duties in an ethically sound manner and to suggest so otherwise is either ill-informed or malicious.”
Government ethics experts have long been alarmed over the way that Trump and his family structured his companies before he started his second term. Typically, a president puts his assets into a blind trust overseen by an independent third party. But Trump handed over control to two of his sons, Donald Trump Jr and Eric Trump.
While it’s no different from how Trump structured his companies during his first term, Trump spent the years after he left the White House expanding his family business. Now Trump entities are dabbling in social media, streaming platforms, nuclear fusion, financial services and, through World Liberty, crypto. …
The Guardian has not identified evidence of the president explicitly offering the chip exports in exchange for the investment in his family’s crypto venture.
Richard Briffault, a law professor at Columbia, said while there was no direct allegation of a quid pro quo, “the situation of a major investment by a foreign power in a major company that the president has a major stake in, that creates a structural conflict of interest”.
“The concern is that we can never be sure why certain decisions are being made,” Briffault said. When Trump allowed the UAE to import AI chips, “it could have been a shrewd geopolitical move, or it could have been influenced by the fact that the country has a major investment in a Trump family business. We just can’t know for sure.”
Indeed. That’s why I believe the entire Trump family should have avoided even the appearance of corruption.
But it surprises me not at all that they have plunged into it. It’s one of the things I don’t like about Trump; there are others. But they are overshadowed by how much worse the Democrats are for the country (and the world) as a whole.