conflict of interest rules challenge wealthy nominees in trump administration

Donald Trump, the wealthiest person to become president of the United States, has continued to expand his business empire since his last term.

He has nominated several wealthy individuals for important government positions, including Scott Bessent for Treasury and Howard Lutnick for Commerce.

Elon Musk, the richest person in the world, has also been appointed to a senior role outside the cabinet.

U.S. ethics laws require individuals with significant financial holdings to disclose their assets and, in many cases, divest them to avoid conflicts of interest in government roles.

This requirement presents challenges for Trump's wealthy appointees, potentially leading to significant sell-offs.

During his first term from 2017 to 2021, some of these appointees faced scrutiny from government ethics officials for not fully complying with the rules.

Trump himself has faced criticism for not following the precedent set by previous presidents in distancing himself from his financial interests.

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