[link removed] [[link removed]] John,
A new SEC filing obtained by CREW shows that Switzerland’s central bank, substantially owned by local Swiss governments, owns over five million dollars of shares in Truth Social, President Trump’s social media company.
John, this transaction marks the first known instance of a foreign government-connected entity investing in the president’s publicly traded company.
We warned about the possibility of serious conflicts of interest in the second Trump administration, and this is a perfect example. But just because we all saw this coming, doesn't mean it's not a big deal.
The fact that Donald Trump never divested from his businesses opens him up to endless potential conflicts of interest and national security threats.
Never before has a U.S. president owned a publicly traded company while in office. And because of that, it’s unprecedentedly easy for a foreign country or wealthy individual to inflate Trump’s net worth if they wish to curry favor with him.
Switzerland’s central bank owning $5.3 million in Trump Media shares is a case in point.
There is endless potential for foreign governments or billionaires to buy their way into Trump’s inner circle–and to influence the decisions he makes.
The conflicts of interest are inevitable, but CREW will continue to uncover Trump’s corruption at every turn.
CREW is committed to exposing Trump and fighting to hold him accountable. Help us continue our work with a donation today → [[link removed]]If you've saved your payment information with ActBlue Express, your tax deductible donation will go through immediately to ActBlue Charities Inc. and be disbursed to CREW within 30 days:
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The SEC disclosure report indicates that the Swiss National Bank purchased 157,500 shares, valued at $5.37 million, of Trump Media & Technology Group during 2024.
The Swiss National Bank is the central bank of Switzerland, meaning it sets monetary policy and issues the country’s currency. It is operated under and governed by the Swiss constitution and the country’s National Bank Act.
President Trump owns around 53% of Trump Media through a trust now controlled by his son, Donald Trump Jr.
CREW has warned for months that Trump’s continued interest in Trump Media, along with his cryptocurrency platform and international business developments, open him up to endless potential conflicts of interest, national security threats and potential violations of the Constitution’s Emoluments clauses.
Now, we’re keeping track of any and all conflicts of interest and illegal emoluments. We’re going to keep sounding the alarm about them and the ensuing corruption—and advocate for real checks on Trump’s abuses.
Your support makes CREW’s work possible. Please, make a gift today to help us continue exposing Trump’s conflicts of interest → [[link removed]]If you've saved your payment information with ActBlue Express, your tax deductible donation will go through immediately to ActBlue Charities Inc. and be disbursed to CREW within 30 days:
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