A former White House ethics lawyer is sounding the alarm over President Trump’s involvement in cryptocurrency, saying it amounts to a “clear conflict of interest” at the highest level of the federal government.
Richard Painter, who previously served as an ethics attorney in the White House, stated that Trump “stands alone” when it comes to having significant financial conflicts of interest in the executive branch.
Painter went further, saying that “for every other executive branch official, it would be a violation” — suggesting that Trump’s crypto holdings represent a standard that no other government official would be permitted to maintain.
The concerns come as Trump has been connected to cryptocurrency ventures, including a dinner he held at his golf club in Virginia for top investors in his $TRUMP cryptocurrency.
