Trump family raking in billions in crypto dollars from Middle East wars
Donald Trump wants us to believe that his motivations for waging an unconstitutional war against Iran are noble, but the reality is that he and his family are raking in billions of dollars from it via their crypto businesses, just as they have been doing from other conflicts taking place in the Middle East.
Of course, any risks and/or conflicts of interest regarding this arrangement are of little to no concern to Trump’s kleptocratic oligarchy (via Technocracy News and Trends):
Tokenization, the representation of real-life assets on a blockchain, could reshape both crypto markets and traditional finance, while introducing new risks that regulators are not yet equipped to manage, according to the International Monetary Fund (IMF).
“Stress events are likely to unfold faster, leaving less time for discretionary intervention,” the report reads. “Therefore, ensuring stability requires that tokenized asset management remains anchored in safe settlement assets, legally recognized finality, and robust governance arrangements.”
The report points to stablecoins — tokens whose value is pegged to a fiat currency — as a key bridge between crypto and traditional finance. These could become widely used settlement assets across tokenized platforms, the report said.
Still, their reliability depends on reserves and redemption systems, leaving them exposed to runs under stress.
The organization called for clearer legal frameworks and stronger global coordination, arguing that without them, tokenized finance could deepen fragmentation rather than improve efficiency.
Tokenization has been a growing theme in the crypto sector. Real-world assets added to blockchain rails have already topped $23.2 billion according to DeFiLlama data. Excluding stablecoins, the majority of that figure is in the form of tokenized gold or money market funds. (Emphasis mine)
This is where the Trump family and the war in Iran connection comes in (via National Today):
[In recent attempts to “end the war” in Iran], a crypto firm owned by the Trump family, World Liberty Financial, struck a deal with the Pakistani government to allow its stablecoin to be used for cross-border transactions. This arrangement came at a time when Pakistan was involved in mediating negotiations to end the war in Iran, with the Trump family’s real estate developer Mideast envoy Steve Witkoff involved in the talks.
The Trump family’s involvement in World Liberty Financial and Pakistan’s role in the Iran negotiations highlight the ongoing concerns about the former president’s tendency to mix his personal business interests with U.S. foreign policy. This case raises questions about the potential conflicts of interest and the influence of private financial interests on diplomatic efforts. (Emphasis mine)
The negotiations between the U.S. and Iran, with Pakistan’s involvement, involved the three stooges of Middle East policy: Steve Witkoff, JD Vance, and Trump son-in-law Jared Kushner representing the U.S.
This isn’t Trump’s only crypto scheme involving the Middle East. The Board of Peace, an organization owned, operated, and chaired by Donald Trump and co-chaired by Jared Kushner, is making plans to create a US dollar-pegged stablecoin for rebuilding Gaza, a scheme that stands to put billions of dollars in the pockets of the family crypto business. This stablecoin provides a “means to allow Gazans to transact digitally” while simultaneously handing control of Gaza crypto currency to Donald Trump & Company.
Trump has increasingly embraced stablecoins in recent years. He signed the first federal stablecoin bill into law last summer (GENIUS Act) that made it possible for World Liberty Financial to issue the USD1 stablecoin. Because it’s tied to the US Dollar, this crypto currency scheme will make it easy for government to track and control every dollar spent by those who are using it. And if that’s not enough reason to oppose it, the GENIUS ACT makes it easier for Trump to continue using the office of the presidency to rake in billions upon billions of dollars for himself and his family (via Fortune.com):
After years of battling with regulators, the legislation represents a major victory for the crypto industry, which started in the wake of the 2008 financial crisis and was long viewed as an outlaw sector. Now, the stamp of approval from Congress—and the broad embrace by the Trump administration—casts new legitimacy on blockchain technology, with once-skeptical institutions like Big Tech companies and banks rushing in, especially as Bitcoin soars to record highs.
However, as Congress moves on to debate a second bill that would create regulations around cryptocurrencies and exchanges, critics warn that the passage of stablecoin legislation raises concerns about the increasing ties between Trump’s business empire and blockchain interests. “That is a huge conflict of interest that society is just really not prepared for,” said Todd Phillips, a banking and administrative law professor at Georgia State University.
Concerns about any conflicts of interest resulting from Trump’s control of stablecoins and his Board of Peace were quickly dismissed by Eric Trump and Donald Trump Jr. when they assured America that the family business was merely doling out some long-overdue “retribution” against those who dared to raise the conflicts of interest question (via Gizmodo.com):
“We were the most canceled people in the world in 2020, 2021,” said Eric Trump. “And it’s really great to almost have this retribution where all of a sudden we start pushing an agenda. Our agenda was to modernize finance, to allow that to never, ever, ever happen to anybody again.”
The Trump sons bragged to CNBC about how opening their own crypto company has given them “credibility” to operate outside the traditional banking system, but [CNBC host Sara] Eisen pointed out that “critics” will say “the credibility factor is the Trump name and the Trump White House, and that everyone is here to curry favor.”
Eisen also asked the Trump sons about foreign investments in their crypto ventures, specifically $187 million paid to Trump family entities from people connected to the Emirati royal family, according to the Wall Street Journal.
Donald Trump Jr. insisted that his father “has nothing to do with it” and that the UAE investment wasn’t related to access to AI chips. He also said that everyone goes to the Middle East to do business to find investment, calling the sovereign wealth funds in that part of the world “some of the biggest investors in every fund in America.”
“We’ve been dealing with the conflict-of-interest stuff for years. And they tried all this nonsense the first time around. Frankly, it’s gotten old,” Donald Trump Jr. said, perhaps referring to the fact that no other White House in modern history has seen the president and his family profit in such a galling way. (Emphasis mine)
When Trump signed an executive order shortly after his inauguration allegedly banning Central Bank Digital Currency (CBDC), he included a requirement to establish a presidential working group to create a federal regulatory framework governing digital assets (including stablecoins) and evaluate the creation of a strategic national digital assets stockpile. In other words, government will control digital currency instead of the Federal Reserve. The tyranny is the same, only the name is different.
Another disgusting development coming from Donald Trump and his Board of Peace is that Trump, who has ultimate control of the board’s finances, will be using the $1 billion fee paid by members and a recently announced $10 billion “contribution” of US taxpayer money (an act that requires Congressional approval, but I don’t think he cares) as seed for the family money-making crypto business schemes.
When government power and corporate profit are intertwined in this way, the Constitution becomes optional and profit becomes policy. You’re no longer just a citizen, you’re a revenue stream, a data point, a potential suspect, and a body to be managed. Whether through taxes, fines, surveillance or forced labor, the system extracts value from you at every stage of your life. And the cost is not merely financial—it is constitutional. Every dollar made by this machine comes at the expense of our privacy, our property, our due process rights, our freedom of movement, and our freedom of speech.
We are being told that tokenization of assets and stablecoins are a safe and secure digital transaction destined to save the economy. In reality, they are money-making schemes where Donald Trump can line the pockets of the family business with billions of dollars.
David Leach is the owner of the Strident Conservative and the author of The New Axis of Evil: Exposing the Bipartisan War on Liberty. He holds people of every political stripe accountable for their failure to uphold conservative values, and he promotes those values instead of political parties.
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