{"id":461,"date":"2026-07-22T11:35:09","date_gmt":"2026-07-22T11:35:09","guid":{"rendered":"https:\/\/homemovechronicle.com\/?p=461"},"modified":"2026-07-22T11:35:09","modified_gmt":"2026-07-22T11:35:09","slug":"the-player","status":"publish","type":"post","link":"https:\/\/homemovechronicle.com\/?p=461","title":{"rendered":"The Player"},"content":{"rendered":"
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I remember first seeing Steve Witkoff in person in May 2024, when he was spending a disproportionate amount of time in a criminal courtroom in Lower Manhattan that had seen better days. Like many of us, he was there to watch then-former President Donald Trump stand trial on 34 counts of falsifying business records in the first degree, in the so-called hush money trial. Witkoff sat in a row of hard wooden benches often occupied by people aiming to make public displays of support for Trump\u2014J.D. Vance, Douglas Burgum, Pam Bondi\u200d\u2014who were then all vying for the vice presidency or the Cabinet. Donald Trump Jr. attended, as did Eric Trump and his wife Lara, who was then co-chair of the Republican National Committee.<\/p>\n

Read more The Real Trump Scandal in the Explosive Diarrhea Outbreak Story<\/a><\/p>\n

For the Trump VIPs, being seen by both the packed rows of reporters with coveted courtroom passes and Trump himself was a key part of the ritual. Each day, there was a little flurry of figuring out who had come to watch. To the side of all of this was Witkoff. He is short compared to Trump, his hair gray. He looks like a grandpa, and sounds a little like a Jewish sidekick in a Pixar movie. I\u2019d known of him as a New York real estate mogul from covering Trump\u2019s first presidency, and New York politics and real estate before that, but only vaguely.<\/p>\n

\n<\/div>\n

One day, I leaned forward to ask Witkoff what brought him to the courtroom that day. He told me he\u2019d come for his friend. That word stuck with me: friend.<\/p>\n

In New York, former employees and real estate execs and politicians and people in Trump\u2019s orbit have told me again and again that Trump doesn\u2019t really have friends. He has his family, and also a rotating cast of people who are in his favor at any given moment. And then there is Witkoff, who turned up on even the days that were supposed to be dull, like May 30, 2024, when the jury wasn\u2019t expected to reach a verdict, but then, suddenly, did.<\/p>\n

After the jury foreman, when asked \u201cHow say you?\u201d answered \u201cGuilty,\u201d 34 times, Trump turned to face the back of the room, looking uncharacteristically stricken. He grabbed his son Eric\u2019s hand to shake it and walked out to trash the judge and the proceedings, which he\u2019d soon appeal. Behind him, to the right, barely visible, was Witkoff.<\/p>\n

Then Trump\u2019s entourage left in a convoy of black SUVs headed for a Midtown fundraiser, where Trump raised $50 million for his campaign. Neck and neck with Joe Biden in the polls, Trump\u2019s campaign needed the money. What\u2019s more: Beset with legal bills, he\u2019d been pressed to come up with the cash for three civil judgments against him, and now was convicted of 34 felonies.<\/p>\n

Exactly two years and one month later, in the miasma of a baking afternoon just days before the July 4 weekend, we all would learn how astonishingly successful President Donald J. Trump has been in his moneymaking endeavors. The White House released form 278e, his annual ethics disclosure, a normally nerds-only affair. Joe Biden\u2019s was 11 pages long. Trump\u2019s was 927 pages, up from 234 last year.<\/p>\n

Everything else about it was bigger too, most astonishingly the bottom line revealed by the document. In 2025, Trump made at least $2.2 billion while also serving as president, making it arguably his most profitable year ever. Even the notoriously conservative Wall Street Journal editorial page was upset with Trump and his family. \u201cThey are profiting off the Presidency in ways that demean the office,\u201d it declared. (In an emailed statement, White House spokesperson Anna Kelly said: \u201cAll of the President\u2019s assets are held in fully discretionary accounts managed by independent third-party financial institutions. There are no conflicts of interest.\u201d)<\/p>\n

The biggest chunk of Trump\u2019s 2025 haul came from his recently founded cryptocurrency enterprise, World Liberty Financial. This was the venture he had set up just before the 2024 election with his three sons\u2014and with Steve Witkoff and his two sons. Witkoff\u2019s son Zach is currently the company\u2019s CEO.<\/p>\n

Today, Witkoff is Trump\u2019s \u201cSpecial Envoy for Peace Missions\u201d in the world\u2019s hottest hot spots.<\/p>\n

On the surface, Witkoff seems like Trump, a New York real estate developer turned world dealmaker. But in an administration that privileges snarling visages, Witkoff is nearly universally described as \u201ckind,\u201d or \u201cnice,\u201d a quality he has used to good diplomatic effect.<\/p>\n

He is currently involved with the tattered negotiations with Iran, when he is not meeting with Ukrainian President Volodymyr Zelensky or sitting across the table from Russian President Vladimir Putin, or their emissaries, like Kirill Dmitriev, who runs the Russian sovereign wealth fund\u2014a giant pool of money that can be spent to advance Putin\u2019s priorities. Once, diplomatic counterparts who controlled huge sums were regarded warily by U.S. diplomats. But for Witkoff, like his boss, they are like magnetite.<\/p>\n

\nDonald Trump has created a new operating system for U.S.<\/span> foreign policy, one with business deals at the center, one from which he and his family profit, and one that relies in large part on his trusted friend, Steve Witkoff, to pulloff.<\/b>\n<\/div>\n

As Witkoff presided over a tenuous ceasefire deal with Hamas and Israel, he surrounded those talks with meetings with big-name Gulf leaders, like Saudi Crown Prince Mohammed bin Salman, and Emirati Sheikh Tahnoon bin Zayed Al Nahyan. Tahnoon\u2014who oversees the United Arab Emirates\u2019 sprawling spying operation and has been called the \u201cSpy Sheikh\u201d\u2014is brother to the Emirati president, that country\u2019s national security adviser, and controls, according to the Wall Street Journal, \u201cmore money than almost anyone on the planet,\u201d an estimated $1.4 trillion.<\/p>\n

It is no accident that Witkoff\u2019s counterparts, such as Dmitriev and Tahnoon, are\u2014like Witkoff\u2014extremely tight with their countries\u2019 leaders, deeply implicated in foreign negotiations, and steeped in an image of the world as a set of business transactions. Donald Trump has created a new operating system for U.S. foreign policy, one with business deals at the center, one from which he and his family profit, and one that relies in large part on his trusted friend, Steve Witkoff, to pull off. When asked about this, the White House said in an email, \u201cthe center of the President\u2019s foreign policy is \u2018America First.\u2019 \u201d<\/p>\n

Last year, for example, at his Miami waterfront estate, Witkoff hammered out a plan with Russia\u2019s Dmitriev for $300 billion in joint Russia\u2013U.S. investment projects\u2014which would come to fruition after some possible future peace. Russia, Ukraine, and the U.S. could all become business partners, Witkoff told the Wall Street Journal, which has broken a stunning series of stories on the envoy: \u201cIf we do all that, and everybody\u2019s prospering and they\u2019re all a part of it, and there\u2019s upside for everybody, that\u2019s going to naturally be a bulwark against future conflicts there. Because everybody\u2019s thriving.\u201d<\/p>\n

With the UAE, such relationships have moved far beyond the hypothetical. For the entire first year of the Trump administration, the \u201cSpy Sheikh\u201d was a secret 49 percent equity partner in World Liberty Financial, a deal worth hundreds of millions of dollars to the Trump and Witkoff families. This was while the sheikh wanted the Trump administration\u2019s approval for access to sensitive A.I. chips. Which he got. (The UAE Embassy did not respond to requests for comment. The White House, responding on behalf of Witkoff, said that he was not involved in the chip negotiations. World Liberty did not respond to detailed questions, but has said that Trump and Steve Witkoff were not involved in the deal for the equity stake.)<\/p>\n

There\u2019s more: In the early days of the Trump administration, Zach Witkoff negotiated a business deal where a Tahnoon-led firm deposited $2 billion into World Liberty, rocketing the currency to superstar status in the crypto world. All these transactions took place before Steve Witkoff had fully divested from World Liberty, his shows.<\/p>\n

On the World Liberty \u201cGold Paper,\u201d a document describing the company for potential investors, Witkoff and Trump are each listed as \u201cco-founder emeritus.\u201d \u201cEven if legitimately neither Trump nor Witkoff are involved hands-on in any of the crypto activity, they see the money come in,\u201d Corey Frayer, the senior advisor on crypto at Biden\u2019s Securities and Exchange Commission, told me.<\/p>\n

The White House scoffed at this. \u201cAll of the President\u2019s assets are held in fully discretionary accounts managed by independent third-party financial institutions. Special Envoy Witkoff has divested from World Liberty Financial,\u201d Kelly said in a statement. But Frayer says the baked-in business model of World Liberty Financial is paying money to be close to the president, with Steve Witkoff playing the functional, if not literal, role of what Frayer calls \u201cchief salesman.\u201d<\/p>\n

The White House said, of Frayer, that he \u201cis not involved in the United States\u2019 diplomatic discussions and has no idea what they are talking about.\u201d<\/p>\n

To be sure, Witkoff has amassed enormous power, visible in his proximity to the president. To understand how he did that, I spoke with dozens of former Clinton, Bush, Obama, Biden, and Trump administration officials, as well as academics, cryptocurrency and foreign policy experts, real estate moguls, and politicians. Many did not want to speak at all; one developer mistakenly sent me an email that said, \u201csteer clear..do not want to engage.\u201d The White House did not make Witkoff available for an interview, despite repeated requests over the course of more than a month, but partially answered via email a list of fact-checking questions and requests for comments, and at the last minute sent over glowing tributes from Secretary of State Marco Rubio and various senators and members of Congress. (Rubio referred to their \u201cstrong working relationship.\u201d)<\/p>\n

Crucially, the White House denied there were any conflicts of interest. \u201cMr. Witkoff, like all Administration officials, takes seriously his compliance with the government ethics rules,\u201d the White House counsel, David Warrington, said in the email. \u201cAs Special Envoy for Peace Missions, he has not and does not participate in any official matters that could impact his financial interests. He has also divested from World Liberty Financial, notwithstanding his ability and willingness to recuse.\u201d<\/p>\n

Forty years ago, back in the 1980s, Steve Witkoff was a junior lawyer at a firm working for Donald Trump, and was watching him keenly. \u201cHe\u2019d come to 101 Park Avenue, where I was a lawyer. He had this swashbuckling style,\u201d Witkoff told a surprised Tucker Carlson on an early-2025 appearance on Carlson\u2019s podcast. \u201cAnd I used to say, \u2018Well, God, I want to be him. I don\u2019t want to be the lawyer. I don\u2019t want to be the scrivener.\u2019 \u201d<\/p>\n

This is when Witkoff spontaneously\u2014and fatefully\u2014bought Trump a sandwich that changed everything. \u201cIt had to be 3 in the morning, those were the days of those crazy hours,\u201d Witkoff testified at Trump\u2019s 2023 New York civil trial for a decadeslong scheme of lying about his property values. (Trump was ordered to pay $355 million, plus interest, but the amount was thrown out by an appeals court that found it \u201cexcessive.\u201d The fraud ruling stands though; Trump is appealing that, too.)<\/p>\n

\u201cAnd he was\u2014I knew who he was. He didn\u2019t know who I was. And he didn\u2019t have any money with him and I was ordering from a local delicatessen for the people who were on my team. And he asked me if I would order him a ham-and-Swiss sandwich.\u201d Witkoff did. Years later, when the two ran into each other again, Witkoff said, \u201che actually remembered who I was, and remembered the sandwich incident. And we just, you know, had just developed a, you know, a friendship as a result of it.\u201d<\/p>\n

Witkoff quit his firm and became a developer, first of what weren\u2019t very sexy buildings in Upper Manhattan and the Bronx. He carried a gun strapped to his sock to collect rent and fixed sewage systems himself when they broke down. He slowly built credibility\u2014unlike many in dynastic New York real estate, he was the son of a coat manufacturer\u2014and eventually acquired New York landmarks like the Woolworth Building, once the city\u2019s tallest skyscraper, and the Daily News Building, the model for the \u201cDaily Planet\u201d in Superman<\/em> movies. By the 1990s, with his investments in more elegant buildings downtown, he was playing golf with Trump, and their families hung out together.<\/p>\n

\u201cI\u2019ve known Steve for 40 years, and he\u2019s been with me, more or less, one way or the other, every step of the way,\u201d Trump said at Witkoff\u2019s Oval Office swearing-in, in May 2025. But there is little in the public record to document this, other than items in the gossip pages about their golf bouts. Even Witkoff\u2019s friends can\u2019t pin down how the two became so close. Real estate lawyer John Mechanic, a Witkoff partisan, told me\u2014twice\u2014that Witkoff was such a talented dealmaker he could \u201csell ice to an Eskimo.\u201d Mechanic remembered a party sometime pre-presidency for Witkoff\u2019s wife, Lauren, where Trump was beamed in via video with a birthday greeting, but he couldn\u2019t place when that was. (Witkoff and his wife are separated.)<\/p>\n

In 2011, Trump,\u00a0attended the memorial service for Witkoff\u2019s oldest son, Andrew, who tragically died after overdosing on oxycontin. This was shocking news even to people who knew both Trump and Witkoff. \u201cHE DID?\u201d one New York politico exclaimed when I asked him about Trump\u2019s attending the memorial. In New York real estate circles, Trump simply is not known for doing anything for anyone other than himself. But Trump calls Witkoff a \u201cgreat friend of mine.\u201d<\/p>\n

As a sign of his growing skin in the game over the years, Witkoff made political donations in the manner of New York developers (including, in a past life, Trump himself) to whatever party in power could affect their fortunes by getting behind tax abatements, zoning variances, or environmental rules. That means he\u2019s donated to a range that spans from Republican Gov. George Pataki to Sens. Hillary Clinton and Chuck Schumer, and once, even, the ultraprogressive Working Families Party.<\/p>\n

In 2016, Witkoff\u2019s donation pattern changed: Big sums were going, almost exclusively, to Trump and the Republican Party. In Trump\u2019s first administration, Witkoff was appointed to the Kennedy Center board, attended a White House opioid summit, and defended Trump on TV, including in 2017, telling Bloomberg television: \u201cI never understood the Russian sanctions, candidly, because all it did was stop Russian investment into this country. And I happen to agree with him that Russia is a natural ally in the fight against global terrorism. And why? Because they have an indigenous population of 30 million Muslims, and I have to believe that he and his administration understand that.\u201d<\/p>\n

Still, Witkoff did not appear to be in Trump\u2019s inner circle during his first term. His name was not on a contact list introduced as evidence in Trump\u2019s criminal trial, which was, according to testimony of a former White House aide, \u201cfor people that he either spoke to often or might want to speak to.\u201d Other New York real estate executives were on it, along with Tom Brady, Joe Scarborough, Michael Cohen, National Enquirer publisher David Pecker, Trump Organization CFO Allen Weisselberg, and Trump\u2019s (now late) sister Maryanne Trump Barry, a judge on the 3rd<\/sup> U.S. Circuit Court of Appeals.<\/p>\n

But after the attack on the Capitol on Jan. 6, as others distanced themselves from Trump, Witkoff remained staunchly loyal: As Trump\u2019s orbit slowly tightened, the relationship strengthened. Zach Witkoff, the son who would later become instrumental in Trump\u2019s presidential wealth-building, was married at Mar-a-Lago in 2022, with the Trumps in attendance. (Zach later named his son Don.) The year before Trump\u2019s reelection, Trump and Steve Witkoff bonded especially tightly. Witkoff made his private jet available to Trump\u2019s campaign, donated buckets of money, and raised even more\u2014including, notably, from American Jews enraged by Biden\u2019s moratorium on selling Israel 2,000-pound bombs.<\/p>\n

Witkoff became one of the people who traveled with Trump, showing up not only in courtrooms but seemingly at every important event. J.D. Vance rode Witkoff\u2019s jet to his V.P. interview with Trump at Mar-a-Lago. Joined by Zach, Witkoff spoke in the run-up to Trump\u2019s acceptance speech on the all-important fourth night of the Republican National Convention. Witkoff appeared at the infamous Madison Square Garden rally where one speaker called Puerto Rico a \u201cfloating island of garbage.\u201d<\/p>\n

And the friends solidified their bond\u2014they went into business together. And not just any business, but a perfectly Trumpian business: cryptocurrency.<\/p>\n

In his first term, Donald Trump had tweeted, \u201cI am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity.\u201d<\/p>\n

But by 2024, Trump had made a complete reversal. He showed up at the \u201cBitcoin 2024\u201d conference promising a new age in government regulation of the currency. And by \u201cnew age of regulation,\u201d he meant there would be next to none. He promised to make the U.S. \u201cthe crypto capital of the planet and bitcoin superpower of the world.\u201d His biggest applause line was that he would fire Gary Gensler, the head of the Securities and Exchange Commission. The cheering was wild, and sustained.<\/p>\n

Money sluiced into Trump\u2019s campaign from the crypto world, and soon, directly into Trump\u2019s and Witkoff\u2019s own pockets. \u201cWe\u2019re on the verge of something game-changing in Crypto and DeFi,\u201d Steve Witkoff tweeted in early August 2024. \u201cBringing financial power and freedom back to the people\u2014get ready. #BeDeFiant,\u201d he added. The word \u201cDeFiant\u201d was a coy wink to this idea of decentralized currency, known as DeFi, the ostensible rationale for the new Trump\u2013Witkoff platform. The plan was for a currency exchange, somewhat like a bank, but that could be floated with anonymous investments and operate without the strictures of regular banks.<\/p>\n

In the middle of all of this, on Sept. 15, 2024, Witkoff, Trump\u2019s \u201cgolf partner,\u201d as he was referred to then, was approaching the fifth hole with the presidential candidate at Trump International Golf Club in West Palm Beach when he heard the first shot. \u201cI\u2019m a gun carrier, so I shoot, so it\u2019s apparent what that was,\u201d Witkoff told CNN. He remained standing as three more shots rang out, and Secret Service agents hustled the candidate off the course. Trump had survived a second assassination attempt in the span of three months.<\/p>\n

The next day, Witkoff was again with Trump, and Don Jr. and Eric Trump, in a shambolic livestreamed announcement of their new crypto venture: World Liberty Financial. Zach and Alex Witkoff were on the founding team, and Zach would run the company. Even Trump\u2019s youngest son, then a first-year student at New York University, was part of the group. Barron Trump was named as the company\u2019s \u201cDeFi visionary.\u201d<\/p>\n

In the roar of the final weeks of the presidential campaign, the launch barely registered. However, the Biden Securities and Exchange Commission certainly noticed. High-level officials there immediately viewed the firm as selling proximity to a potential president, two of them told me. There was a sharp intake of breath, and research began on what, if anything, the regulatory agency should do. \u201cEven if no one said it outright, we were all thinking that if WLF is what it looks like, bringing an enforcement action against Trump would be both necessary and a nightmare,\u201d said Corey Frayer, the crypto expert at the SEC at the time. Then the clock ran out.<\/p>\n

\u201cE-Moluments,\u201d American University law professor Hilary Allen calls it. It\u2019s a play on the word emolument<\/em>, a gift from a foreign leader or domestic government that a president is prohibited under the Constitution from accepting. During the first Trump administration, countries like Saudi Arabia lined up to book rooms at the Trump International Hotel in Washington and other Trump properties. But with crypto, Allen told me, Trump \u201chas found a way to get rid of the hotel and create an infinite number of rooms.\u201d<\/p>\n

Read more Trump Is Threatening to Bring Back One of His Most Hated Policies<\/a><\/p>\n

\nAt Trump\u2019s swearing-in, Witkoff proved his friend status. He stood as close to the president as anyone not namedTrump.<\/b>\n<\/div>\n

Trump hadn\u2019t yet won the election, but during this period, while he was promoting World Liberty for his friend and business partner, Witkoff was also debriefing with Jared Kushner about Kushner\u2019s work as senior adviser during Trump\u2019s first term negotiating the \u201cAbraham Accords,\u201d a series of agreements aimed at normalizing relations between Israel and several Arab countries. Trump \u201casked Special Envoy Witkoff what he wanted to do in the second administration,\u201d a source familiar with the transition said. Witkoff said he wanted to be the \u201cpeace guy.\u201d<\/p>\n

But even as he was preparing for that role, he kept up his business activities. As late as Halloween 2024, Witkoff was promoting Bitcoin on X. Not two weeks later, the campaign over and victory secured, Trump named Witkoff \u201cSpecial Envoy to the Middle East.\u201d (His title was updated on June 30 of last year to \u201cSpecial Envoy for Peace Missions.\u201d)<\/p>\n

Witkoff did not wait until the inauguration to get started\u2014he immediately began working on a Gaza ceasefire alongside Biden officials, a role some experienced diplomats cautiously praised. \u201cI didn\u2019t start with a negative view,\u201d Robert Malley, a high-level negotiator under Bill Clinton, Barack Obama, and Joe Biden, told me. \u201cCertainly in the Middle East, the line between private and public affairs can be pretty tenuous, so one could see how having the kinds of ties Witkoff enjoyed could build a relationship, if not of trust, then at least of familiarity.\u201d<\/p>\n

Malley added: \u201cEarly on, a number of Gulf countries seemed quite elated. They knew him well. They thought he understood them because he had dealt with them on the business side, and because he enjoyed the president\u2019s trust.\u201d Both Abu Dhabi and Qatar had helped Witkoff out with a troubled deal involving a Park Avenue hotel and, Malley said, Mideast nations \u201cwere quite happy to have someone with the ear of the president who knew them extremely well.\u201d<\/p>\n

Soon after the election, Witkoff was in the United Arab Emirates. Axios reported he met with Tahnoon, the \u201cSpy Sheikh,\u201d and \u201cdiscussed the war in Gaza, the turmoil in Syria and other regional issues.\u201d Even in real time, when so much was not known, it was reported that Witkoff was mixing business and diplomacy. Witkoff, the New York Times noted in December 2024, had \u201calready started to work on trying to negotiate a new peace deal in the region, but he also is simultaneously promoting World Liberty Financial, which the Witkoff and Trump families helped create this year.\u201d (The White House denied Witkoff ever discussed World Liberty Financial with Tahnoon.)<\/p>\n

The next month, an employee of a Tahnoon company went to work for World Liberty as \u201cChief Strategic Advisor,\u201d a position he held simultaneously with \u201cHead of Crypto and Blockchain\u201d at the Tahnoon-controlled company G-42, his LinkedIn page shows, as first reported in the Pulitzer-prize winning series by the New York Times.<\/p>\n

Witkoff was doing something else during this period: He was co-chair of Trump\u2019s presidential inauguration committee, which was raising an unprecedented amount of money, nearly a quarter of a billion dollars, doubling Trump\u2019s record-setting 2017 haul, and quadrupling President Joe Biden\u2019s 2021 inaugural fundraising. According to an analysis by the Brennan Center for Justice, the majority of money raised came in chunks of $1 million or more; these donations, by themselves, surpassed the size of all previous inaugural funds in total. The technology industry led, with nearly $50 million in donations, almost matching the entirety of funds raised by President Barack Obama in 2009. Then came finance, then came energy, followed by healthcare. Cryptocurrency, at $13.5 million, was enough to make it one of the top five donor industries.<\/p>\n

At Trump\u2019s swearing-in, Witkoff proved his friend status. He stood as close to the president as anyone not named Trump.<\/p>\n

At the start of the second Trump administration, World Liberty almost immediately started to benefit.<\/p>\n

On his first full day in office, President Donald Trump\u2019s SEC set up a crypto task force, which right away began deregulating. The SEC and Justice Department dropped or settled cases with key World Liberty investors and partners. Trump gave \u201cA FULL AND UNCONDITIONAL PARDON\u201d to Changpeng Zhao, or CZ, as he\u2019s known, the founder of Binance, who had already served a jail term for allowing \u201cmoney to flow to terrorists, cybercriminals, and child abusers,\u201d according to former Treasury Secretary Janet Yellen in a 2023 press release. Overreach, the Trump team called it. By the time of CZ\u2019s pardon, Tahnoon\u2019s firm had already used Trump\u2019s cryptocurrency to invest $2 billion in Binance, a move that buoyed the Trump\u2013Witkoff family crypto venture.<\/p>\n

This January, to the Office of the Comptroller of the Currency, part of the Treasury Department. Of five proposed directors named in WLF\u2019s proposal, two are named Witkoff: Zachary Witkoff and Robert Witkoff, who is Steve Witkoff\u2019s brother. Getting such a charter would give huge latitude to crypto banks, endangering unsophisticated investors, critics say. \u201cCharters are only awarded on a case-by-case basis in alignment with statutory and supervisory criteria,\u201d White House spokesperson Anna Kelly said.<\/p>\n

As with everywhere in his government, Trump and his top aides have seen to it that these little-known offices are run by loyalists. \u201cThe mere prospect there could be a call is enough to chill agency heads,\u201d Graham Steele, a former Treasury assistant secretary for financial institutions, told me. \u201cYou take the obscure office of the Treasury to which World Liberty has applied: If they deny the application, you can assume that person will lose their job. It\u2019s obvious on its face.\u201d<\/p>\n

\u201cPresident Trump proudly made the United States the crypto capital of the world through executive actions, supporting legislation like the GENIUS Act, and other commonsense policies to drive innovation and economic opportunity for all Americans,\u201d Kelly said.<\/p>\n

Like Trump, Witkoff is unabashed about performing diplomacy through a business lens. In the Trump administration, this isn\u2019t something to be ashamed of. It\u2019s something to boast about. Because, like Trump\u2019s hype his entire career, one deal, successful or not, begets another.<\/p>\n

\u201cThe traditional models of diplomacy have resulted in duplicative or even contradictory foreign policy actions,\u201d Kelly said in an email. \u201cThe President wants the United States to be treated fairly and he has prioritized using foreign policy to enhance domestic economic prosperity.\u201d<\/p>\n

Unlike the president, who is exempt from conflict-of-interest laws, Witkoff is not supposed to be doing business while working as a White House employee. The White House says he has divested from World Liberty and follows all applicable laws. And while Forbes reports that Witkoff\u2019s net worth increased by $300 million while working in the White House, largely due to his investments in World Liberty, no evidence has emerged that Witkoff has sought out such a benefit.<\/p>\n

Divestment or no, the upshot is that Zach Witkoff runs a company that is in a position to reap wide benefits from the administration for which his father works, for himself and for the Trump family. In fact, he has already done so, and leaders around the world know this, and seemingly behave accordingly.<\/p>\n

\u201cInternational actors understand there are benefits if they go into business with quasi-public actors,\u201d added Steele, who worked in the Biden Treasury Department until January 2024. \u201cNo one needs to say it, it\u2019s just clear.\u201d<\/p>\n

Zach Witkoff did not respond to dozens of questions about his father, the Trumps, or World Liberty. But a spokesperson for World Liberty said in a statement: \u201cWorld Liberty Financial is one of the most successful financial technology companies in the United States. Among its products is USD1, a fully dollar-backed stablecoin that today has a market cap exceeding $4.5 billion USD, making it the fastest-growing fiat-backed stablecoin in history.\u201d Translation: We\u2019ve been enormously successful.<\/p>\n

As with Trump, Steve Witkoff has argued that having a network of business relationships is not only fine, it\u2019s good.<\/p>\n

In October, after a Gaza ceasefire was announced, Witkoff, alongside Jared Kushner, participated in a wide-ranging interview with 60 Minutes<\/em>\u2019 Lesley Stahl. Kushner told Witkoff that what others call conflicts, he calls trusted relationships. Witkoff agreed: \u201c \u2018Conflict of interest\u2019 is a terminology used by some, and we call it \u2018experience,\u2019 we really do.\u201d<\/p>\n

\u201cYou call \u2018conflict of interest\u2019 \u2018experience\u2019?\u201d Stahl asked.<\/p>\n

\u201cBecause we don\u2019t think there was a conflict, Lesley, that\u2019s why,\u201d Witkoff replied. \u201cBecause we don\u2019t think that we crossed any ethical barriers.\u201d The business relationships, he argued, made him much more sophisticated when it came to diplomatic relationships. They\u2019re what makes it all work.<\/p>\n

Witkoff has become so ubiquitous in international transactions that his role as the co-founder of Trump\u2019s business has all but faded into the gilt wallpaper of the Oval Office. His appointment as envoy to everywhere has shifted the paradigm, in plain sight.<\/p>\n

Steve Witkoff travels through the world like a shadow. He rarely appears in public in the United States. He briefs reporters and does television interviews, but few people would recognize him on the streets of most cities in America. In Israel, this is not true. \u201cOnce he became Middle East envoy and was given responsibility for the hostages, he became one of the most famous people in Israel overnight,\u201d an Israeli journalist who has covered him told me.<\/p>\n

He received a hero\u2019s welcome in Hostage Square in Tel Aviv after forging a tenuous Gaza ceasefire last October, visibly moved as he was drowned out by appreciative shouts of \u201cThank you, Witkoff!\u201d Witkoff had met for months with the families of hostages, gave them his phone number, and bonded with them over the tragic loss of his own son to the drug overdose, conveying to them, as an as Israeli journalist who covered the negotiations told me, that he deeply understood \u201cthe significance of saving even one life for a family.\u201d It\u2019s a connection, a Gazan journalist said, that Witkoff also made with Hamas leaders, being in the unlucky \u201cclub of parents who have lost children,\u201d and, this person said, it won him their grudging respect.<\/p>\n

And so, on a warm night in early October 2025, after he had negotiated the Israel\u2013Gaza ceasefire, word began to circulate that he would make an appearance at Hostage Square. The crowd extended for blocks, jubilant, \u201clike New York when the Knicks won,\u201d a journalist who was there told me. Taking the stage to shouts of his name, Witkoff went on to thank all the leaders who had participated in the deal \u201cfor showing that the future of this region can be built not on the ashes of old hatred but on the promise of shared hope.\u201d Even though his mention of Israeli Prime Minister \u201cBibi\u201d Netanyahu elicited boos, Witkoff maintained control of the crowd. He nodded to the families of \u201cchildren who are not coming home, members of a very terrible club that I am a member of myself.\u201d<\/p>\n

Then it was back to even thornier negotiations in Russia\u2013Ukraine, and Iran.<\/p>\n

Unlike in Israel, Witkoff did not have recent business activity in those portions of the world. He was greeted with suspicion by the Ukrainians, who saw him as a tool of Putin, people familiar with Ukrainian negotiators told me. The White House pushed back on this. \u201cLike President Trump, Special Envoy Witkoff is willing to work with anyone to advance America\u2019s foreign policy interests,\u201d Kelly said. \u201cHis results speak for themselves.\u201d<\/p>\n

The Iranians see Witkoff\u2019s business ties to the UAE, and Jared Kushner\u2019s ties to the Saudis, not to mention Israel, as cause for deep suspicion as well, people familiar with Iranian negotiators told me. Saying that Kushner \u201cis a volunteer\u201d with a \u201crecord of success in helping the President,\u201d Kelly maintained that \u201chis private business activities have nothing to do with the President or the administration.\u201d<\/p>\n

Even in Witkoff\u2019s earliest encounters, \u201cthere were concerns about Witkoff business ties,\u201d including his earlier dealings with Qatar and the UAE, said Seyed Hossein Mousavian, a former Iranian diplomat who moved to the U.S. and became a scholar at Princeton University. \u201cThey knew he had close ties to Netanyahu.\u201d The Iranians believed that \u201cWitkoff had meetings with high-level Israelis before and immediately after\u201d he met with them, Mousavian said.<\/p>\n

Witkoff\u2019s job with Iran was particularly difficult, almost every former diplomat I spoke with said. Iranians \u201cknow that Trump reneges on everything in all his life,\u201d said George Perkovich, a senior fellow at the Carnegie Endowment for International Peace. This was certainly the pattern in his business life: Trump regularly stiffed lawyers and contractors, negotiating their agreed-upon fees to 20 or 30 percent of what he\u2019d promised, or refusing to pay them at all, as he did to the contractors who built the minarets for the Trump Taj Mahal casino in Atlantic City. The Iranians were keenly aware of this history, Perkovich said, layered on their own experience of Trump\u2019s walking away from Obama\u2019s peace accord in Trump\u2019s first term.<\/p>\n

But Witkoff himself had his own liabilities, people who worked in the Clinton, Bush, Obama, Biden, and Trump administrations told me. Like Trump, he is supremely confident in his own dealmaking and will take total control of his interactions. He would take phone calls with the president before, during, and after a meeting. And yet, like Trump, the details never seemed to matter. Frustratingly for career diplomats, Witkoff brushed off the usual cadres of government experts for complex negotiations.<\/p>\n

Over and over, the former officials I spoke with said, Witkoff was not in touch with the proper government staff experts and authorities for such a deal. (The White House denied this.) In an early trip to Moscow, Witkoff brought his girlfriend, pro golfer Lauren Olaya. He initially met with Putin without a U.S. interpreter, a move that was seen by former U.S. officials as putting himself in a position naively vulnerable to Russian manipulation.<\/p>\n

In the Iran negotiations, people who are in touch with current and former State Department employees told me, he and Kushner often met with Iranians without speaking to the people who could explain the complexities of uranium enrichment, say, or centrifuges. The White House maintained that experts from the state, defense, and energy departments have been involved in \u201call\u201d of Witkoff\u2019s negotiations. But\u2014\u201che doesn\u2019t know what he doesn\u2019t know,\u201d Richard Nephew, an Obama- and Biden-era Iran negotiator, told me. \u201cHe has no idea of history,\u201d added Perkovich.<\/p>\n

As I write, the bombing in Iran has intensified. The \u201cMemorandum of Understanding\u201d Trump signed in mid-June in Versailles, providing for a ceasefire and a 60-day window to conclude negotiations, was met at its halfway point with renewed aggression by both sides. Headlines are full of those hated words \u201cforever war,\u201d but also: \u201cglimmers of hope.\u201d<\/p>\n

A week after the resumption of bombing, an anonymous X account that describes itself as \u201cIranian\u201d posted that Iran had sent a text message to Vice President J.D. Vance saying that negotiators, \u201cmainly Kushner and Witkoff,\u201d were \u201cmore interested in exploiting insider knowledge to profit in financial markets than reaching a deal.\u201d<\/p>\n

This is the kind of charge that pings around the internet but usually goes nowhere. And then, on July 16, as the U.S. was expanding its bombing campaign, the vice president amplified the post by responding to it. \u201cThis is completely bogus,\u201d he wrote. \u201cI never received a message like this.<\/p>\n

\u201cIf I had, I would have said: Jared and Steve are trusted members of the president\u2019s team and very dear friends. No one has done more than the two of them to work towards peace and prosperity in the region.\u201d<\/p>\n

On his own X account, Zach Witkoff, the son of one of those friends, and CEO of the cryptocurrency business that has generated so much money for the Trump family and his own, reposted Vance\u2019s denial that Steve Witkoff was out to make a profit through his diplomacy.<\/p>\n

A couple of posts later, Zach Witkoff added another message, a video recapping the \u201cWorld Liberty Forum\u201d held at Mar-a-Lago in February. The video prominently featured Zach Witkoff and two of the president\u2019s sons, Don Jr. and Eric, extolling the success of their company. They looked suffused with happiness, and the glow of victory. \u201cThis is just the beginning,\u201d the video said.<\/span><\/p>\n

Read more The Prosecution of Charlie Kirk\u2019s Alleged Killer Is Underway. It\u2019s a Big MAGA Mess.<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Who is Steve Witkoff, really?<\/p>\n","protected":false},"author":1,"featured_media":460,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[112,10,38],"class_list":["post-461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics","tag-cryptocurrency","tag-donald-trump","tag-foreign-policy"],"yoast_head":"\nThe Player - Home Move Chronicle<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/homemovechronicle.com\/?p=461\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Player - Home Move Chronicle\" \/>\n<meta property=\"og:description\" content=\"Who is Steve Witkoff, really?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/homemovechronicle.com\/?p=461\" \/>\n<meta property=\"og:site_name\" content=\"Home Move Chronicle\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-22T11:35:09+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"31 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/homemovechronicle.com\\\/?p=461#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/homemovechronicle.com\\\/?p=461\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/homemovechronicle.com\\\/#\\\/schema\\\/person\\\/75d86f25dbb870f24983ccc831d1ec4e\"},\"headline\":\"The Player\",\"datePublished\":\"2026-07-22T11:35:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/homemovechronicle.com\\\/?p=461\"},\"wordCount\":6173,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/homemovechronicle.com\\\/?p=461#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/homemovechronicle.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/2ff224c87afcafd573efb0d973ba18eb.avif\",\"keywords\":[\"Cryptocurrency\",\"Donald Trump\",\"Foreign Policy\"],\"articleSection\":[\"Politics\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/homemovechronicle.com\\\/?p=461#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/homemovechronicle.com\\\/?p=461\",\"url\":\"https:\\\/\\\/homemovechronicle.com\\\/?p=461\",\"name\":\"The Player - 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