General Discussion

"...just enough to wet my beak a little."



Trump and special envoy Witkoff stand to reap rewards from official business

Crypto venture with Abu Dhabi could enrich pair with millions – and Democrats say ethics conflict is ‘plain as day’

Doyle McManus
The Guardian, May 30, 2025

Excerpt...

Thanks to Abu Dhabi’s purchase of their “stablecoin”, the Trumps and Witkoffs will collect hefty fees and could reap hundreds of millions of dollars in interest payments.

The deal isn’t as headline-grabbing as Qatar’s plane, but it’s a lot more valuable. It was the biggest single purchase of World Liberty’s cryptocoins yet – an immense injection of revenue into Trump’s most lucrative personal money-making scheme.

None of this is normal. Presidents don’t usually maintain private businesses that sell investment vehicles to foreign leaders who seek favor with the United States. Nor do they appoint their private business partners as diplomatic envoys to negotiate with the same leaders over war and peace.

But Trump and Witkoff have found a vastly rewarding way to straddle the line between public service and private profit.

Abu Dhabi is the wealthiest and most powerful member of the United Arab Emirates, an oil-rich federation of seven Persian Gulf emirates. After Abu Dhabi invested $2bn in the Trump-Witkoff stablecoin, Trump agreed to allow the UAE to buy more advanced AI semiconductors from American companies. “It’s a very big contract,” the president observed.

CONTINUES...

https://www.theguardian.com/us-news/2025/may/30/trump-steve-witkoff-envoy

Trump thinks he's General Motors: "What's good for GM is good for the United States of America." Wetting one's beak with 2-percent of a 2 billion dollars is (checking calculator) $40 million dollars -- just for the purchase of crypto grifto from World Liberty Financial.