section_path: Second presidency (2025–present)/Conflicts of interest, 2025–present
section_name: Conflicts of interest, 2025–present
paragraph_text: Conflicts of interest, 2025–present
  
  Trump's second presidency was described as having less guardrails against conflicts of interest than his first, and breaking with decades of ethical norms. He maintained a publicly traded company in Truth Social, and diversified it into financial services. He pursued new overseas real estate deals involving state-affiliated entities, and had several branding and licensing deals selling Trump-branded merchandise. He profited from events held at his hotels and golf courses and did not place his assets in a blind trust, as previous presidents had. He repealed the previous administration's ethics guidelines and enforcement of laws prohibiting bribery without establishing formal ethics guidelines for his political appointees, many of whom entered his administration with an "uncharacteristically large list of potential conflicts of interest". He dropped corruption charges against politicians with ties to him and paused enforcement of the law prohibiting companies operating in the U.S. to bribe foreign governments. He launched, promoted, and personally benefited from two cryptocurrency tokens ("meme coins"), $Trump and $Melania. He also directly benefited from his family's cryptocurrency company World Liberty Financial, which engaged in an unprecedented mixing of private enterprise and government policy.