The 7 most serious conflicts of interest of Donald Trump’s second administration, reported by media outlets as diverse as The New York Times and Jacobin, reflect a lack of separation between his personal history of banditry and plunder and his role as president of the United States.
Cryptocurrencies and World Liberty Financial
Trump and his sons (Donald Jr., Eric, and Barron) promote World Liberty Financial, a cryptocurrency company that has sold $550 million in WLFI tokens. Trump announced exclusive events (such as gala dinners) for large buyers of his memecoin $TRUMP, which increased its value and directly benefited the family. This creates conflicts, as Trump influences favorable crypto regulations while profiting personally.
Interests in Truth Social and Social Media
Trump transferred his stake in Trump Media (Truth Social) to a trust controlled by Donald Jr., but continues to promote the platform from his presidential position, driving traffic and increasing revenue. This creates a conflict, as his official actions may prioritize his commercial interests over public ones, especially when competing with platforms like Elon Musk’s X.
Events at Trump Properties and LIV Golf
Trump continues to use his properties (such as Mar-a-Lago and Trump National Doral) for official events and LIV Golf tournaments, funded by Saudi Arabia. His family benefits financially from these activities, while Trump negotiates international agreements with countries like Saudi Arabia, suggesting a conflict between his business interests and foreign policy.
Family Involvement in Business and Politics
Donald Jr. joined 1789 Capital, an investment firm focused on conservative companies, which could benefit from the administration’s policies. Jared Kushner, although not in the White House, manages Affinity Partners, funded by sovereign wealth funds from Saudi Arabia and other Gulf countries, raising concerns about foreign influence stemming from his role in the first presidency.
Tesla Promotion and Relationship with Elon Musk
Trump held an event at the White House to promote Teslas, benefiting Elon Musk as Tesla faced stock market declines. Musk, a key ally and donor, has access to national security decisions, creating conflicts as Trump appears to prioritize Musk’s interests (such as Starlink) over government neutrality.
Media Interventions and Regulations
Trump has threatened legal action against media outlets such as The New York Times for reporting on his lawsuits (e.g., against CBS) and has pressured companies such as Amazon to withhold tariff costs. These actions suggest a use of presidential power to protect his business and political interests, compromising press freedom and transparency.
Appointments with Business Interests
Trump appointed Steve Witkoff, a partner at World Liberty Financial and real estate magnate, as envoy to the Middle East. Witkoff’s projects have ties to funds from Qatar, the United Arab Emirates, and Saudi Arabia, creating a conflict, as his diplomatic dealings could benefit his own businesses or those of the Trump family.