How President Trump made $1.4bn in crypto and what it has to do with corruption | DW News
Donald Trump is one of the richest people ever to serve as US president. But critics say his wealth is growing while he’s still in office. This is raising questions about conflicts of interest, cryptocurrency (and the €1.4bn he’s made in it), and the influence of money in American politics.
DW speaks with Gary Kalman, Executive Director of Transparency International US, about Trump’s crypto fortune, ethics loopholes in the White House, and what it could mean for public trust and democracy.
Chapter Breakdown
0:00 Donald Trump is the richest man to serve as US president
0:46 Gary Kalman on how Trump is shaping the cryptocurrency industry and profiting from it
1:24 Trump’s meme coin
2:54 Potential conflict of interest in Trump’s crypto ventures and the importance of norms
3:16 What is a blind trust?
4:35 Some ethics restrictions don’t apply to the president – should this change?
5:55 Growing influence of Big Tech over political decision-making
7:43 Kalman: corruption has real-world consequences
8:38 What happens when the institutions designed to detect and prevent corruption are weakened?
9:14 Can safeguards to detect secret and dark money be rebuilt?
#dwcurrentaffairs #darkmoney
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