President Trump’s Latest Money-Making Moves Raise Ethics Concerns
Just days before he took the oath of office, President Donald Trump and First Lady Melania Trump released a series of meme coins, marking one of the most recent examples of the Trump family’s lucrative business ventures. The pre-inaugural party was held at a property owned by the President’s company, and a Saudi-backed golf tournament is set to take place at a Trump club this spring.
Ethics watchdogs are sounding the alarm, stating that President Trump is poised to benefit financially from his final term in office in new and lucrative ways, despite having already made tens of millions during his first four years in office. According to Lisa Gilbert, co-president of the liberal group Public Citizen, Trump’s new money-making moves show a lack of commitment to ethical standards.
“This time, it feels like the gloves are off, and they have no intention of comporting themselves with the decorum and ethical standards of other administrations,” Gilbert said. “They truly mean to make as much as they can on the backs of the American taxpayer.”
President Trump recently dismissed a question about whether he intended to keep selling products that benefit him personally, saying “I don’t know if it benefited.” He also claimed to be unaware of the exact amount he made from the new cryptocurrency, $TRUMP, despite its value soaring to billions of dollars. “I don’t know much about it, other than I launched it,” he said. “I heard it was very successful.”
