President Trump\u2019s eldest son, Donald Trump Jr., underscored Monday that his father is not involved with the Trump Organization\u2019s new mobile phone business, Trump Mobile. \u00a0<\/p>\n
\u201cMy father\u2019s not involved in any of these things,\u201d Trump Jr. told \u201cNewsNation Now,\u201d adding, \u201cEric [Trump] and I, you know, we\u2019re running the Trump Organization. We\u2019re doing these things.\u201d <\/p>\n
The president’s sons, who have taken control of their father’s businesses during his time in the White House,\u00a0unveiled the new mobile phone venture Monday, the 10th anniversary of Trump’s official entry into politics.<\/p>\n
In homage to their father’s presidency and his penchant for gold, Trump Mobile plans to offer a $47 phone plan and gold smartphones. <\/p>\n
The mobile phone service marks the latest in a string of new Trump family business ventures during Trump\u2019s second term, raising concerns about how the president could personally benefit from his time in office. <\/p>\n
Most notable has been the Trump family\u2019s growing interest in the crypto sector. \u00a0<\/p>\n
Last fall, the president and his sons launched a crypto venture, World Liberty Financial, which has since unveiled a stablecoin. The digital token was used last month to complete a high-profile $2 billion transaction between an Emirati firm and the crypto exchange Binance. <\/p>\n
Trump has earned about $57 million from World Liberty Financial, according to a financial disclosure released Friday. <\/p>\n
When pressed about the president\u2019s involvement in the company, Trump Jr. argued Monday that his father \u201chas ownership but he doesn\u2019t touch it.\u201d <\/p>\n
\u201cThat’s all walled off,\u201d he said. \u201cEric and I are the signatories on that. We manage the trust. We don’t talk to him about it. He doesn’t get involved in that.\u201d <\/p>\n
Trump has also faced scrutiny over the meme coin he launched shortly before his inauguration. He held a dinner with the top investors in the $TRUMP token in May, who spent millions of dollars to secure spots at the exclusive event with the president. <\/p>\n
Trump Media & Technology Group, the parent company of Trump\u2019s Truth Social platform, has also gotten in on the crypto craze, raising $2.5 billion to create a bitcoin reserve and taking steps toward launching a series of crypto-related assets. <\/p>\n","protected":false},"excerpt":{"rendered":"
President Trump\u2019s eldest son, Donald Trump Jr., underscored Monday that his father is not involved with the Trump Organization\u2019s new mobile phone business, Trump Mobile. \u00a0 \u201cMy father\u2019s not involved<\/p>\n