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The Trump Organization is working on implementing an ethics policy that will include some restrictions on deals involving foreign entities. However, unlike in the past, it is not expected to impose as many limitations as it did during the previous administration.
Written by Eric Lipton, Ben Protess, and David Yaffe-Bellany.
For almost ten years, Eric Lipton and Ben Protess have been reporting on the Trump family business. David Yaffe-Bellany focuses on covering the cryptocurrency industry.
Eric Trump will be speaking at a cryptocurrency conference in Abu Dhabi, where he will be part of a group of speakers discussing the current success of Bitcoin. His appearance at the conference will also serve as a way to show that the Trump Organization is ready for new business opportunities.
Following Donald J. Trump’s election win, his family business is in a position to take advantage of his presidency by pursuing new opportunities. The Trump Organization plans to implement a less strict ethics plan in his second term, which may not hinder its expansion significantly. This information was gathered from a New York Times analysis of financial documents and discussions with individuals familiar with Trump’s financial situation.
With the inauguration coming up, Eric Trump, the second son of Mr. Trump and the person who effectively leads the company, is likely to avoid making deals with foreign governments. However, he does not intend to uphold the commitment made by the company eight years ago to refrain from engaging in any other foreign deals while his father is in the White House.
If the guardrail put in place by the Trump Organization in 2017 was removed, the company would have the opportunity to make money from various business ventures in countries that are important to American foreign policy. Leading up to the election, Eric Trump made real estate deals in Vietnam, Saudi Arabia, and the United Arab Emirates. He has also expressed interest in starting new hotel projects in Israel and other countries in the Middle East, Latin America, and Asia.
The Trump family is expanding its connections with foreign countries beyond their usual real estate ventures.
A new cryptocurrency platform called World Liberty Financial, which was supported by the Trump family, has received a significant investment from a Chinese entrepreneur. This investment could potentially earn the family around $22 million. The president-elect’s social media company, which is publicly traded and is his main source of wealth, is also considering foreign investments.
The Trump Organization’s recent expansion has led to the creation of new ventures that will be monitored by federal regulators chosen by the president. This highlights the increased complexity of potential conflicts compared to Trump’s first term. In the second term, the Trump Organization will have more freedom to pursue new deals, potentially blurring the boundaries between the presidency and the business.
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