US Senator Calls for Additional Pressure on Iran

A general view of the sun rising behind the White House in Washington, US January 22, 2021. REUTERS/Jonathan Ernst
A general view of the sun rising behind the White House in Washington, US January 22, 2021. REUTERS/Jonathan Ernst
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US Senator Calls for Additional Pressure on Iran

A general view of the sun rising behind the White House in Washington, US January 22, 2021. REUTERS/Jonathan Ernst
A general view of the sun rising behind the White House in Washington, US January 22, 2021. REUTERS/Jonathan Ernst

Republican Senator Jim Risch criticized the progress of negotiations with Iran in Vienna. In exclusive statements to Asharq Al-Awsat, he said that talks with Tehran continued to stumble, noting that officials in the administration of President Joe Biden “disagree about the American approach.”

The administration should intensify pressure on Iran and set a specific date for ending negotiations, applying sanctions, imposing additional ones, and adopting a policy of deterrence in the region, he stressed.

Risch, a senior Republican in the Senate Foreign Relations Committee, considered that the recent attacks in Al Dhafra (in the vicinity of Abu Dhabi), where US forces are stationed, increased the need for a strong response.

If the Iranian regime refuses to come to the table, the US must be ready to leave the negotiations, he underlined.

Meanwhile, recent statements about the nuclear negotiations reaching a “dangerous crossroads” reflect concern not only of Washington’s allies, but also of the US negotiating team itself.

The US State Department confirmed in press statements the resignation of Richard Nephew, the deputy US special envoy for Iran, which reflects deep differences over the management of the nuclear talks.

While the Wall Street Journal confirmed that two other members of the negotiating team led by Robert Malley had also withdrawn, as they insisted on a “tougher” position with Iran, the newspaper revealed that the nuclear talks had entered a critical stage.

Richard Goldberg, a senior adviser at the Institute for Defense of Democracies in Washington and former director of the Iran Accountability for Weapons of Mass Destruction division at the National Security Council, said that all signs pointed to “increasing desperation” on the part of the US team for any agreement they can get with Iran.

He told Asharq Al-Awsat that this would allow the Iranian regime to preserve more of its nuclear gains and obtain more economic benefits at the same time.

According to Goldberg, Richard Nephew was removed from his post last month, and the administration did not plan to announce it. He argued that Nephew’s departure meant that he likely objected to the United States offering terms that come in contradiction with long-term nonproliferation goals and undermine the IAEA’s investigation into Iran’s undeclared nuclear sites, materials, and activities.

Nephew, who had called for a tougher stance in the current negotiations, had not attended the talks in Vienna since early December, according to the Wall Street Journal.

The divisions come at a critical time, with US and European officials warning that there were only a few weeks left to save the 2015 deal before Iran acquired the knowledge and ability to produce nuclear fuel that would allow it to build a nuclear bomb in no time.

Among the points of contention within the US team - informed sources said - is the disagreement over the firmness of enforcing existing sanctions and whether negotiations should be cut short due to the progress of Iran’s nuclear program.

Some members of the US team called for an end to negotiations with Tehran after it reneged on most of the pledges made by the previous Iranian government, led by President Hassan Rouhani. Others argued that it would be impossible to restore the primary objective of the 2015 agreement, i.e. Iran remaining 12 months away from having enough nuclear fuel to build a nuclear weapon.



Trump Reports More Than $600 Million in Income from Crypto, Golf, Licensing Fees

A US flag flutters in front of a banner depicting US President Donald Trump on the day of a military parade to commemorate the US Army's 250th Birthday in Washington, D.C., US, June 14, 2025. REUTERS/Nathan Howard
A US flag flutters in front of a banner depicting US President Donald Trump on the day of a military parade to commemorate the US Army's 250th Birthday in Washington, D.C., US, June 14, 2025. REUTERS/Nathan Howard
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Trump Reports More Than $600 Million in Income from Crypto, Golf, Licensing Fees

A US flag flutters in front of a banner depicting US President Donald Trump on the day of a military parade to commemorate the US Army's 250th Birthday in Washington, D.C., US, June 14, 2025. REUTERS/Nathan Howard
A US flag flutters in front of a banner depicting US President Donald Trump on the day of a military parade to commemorate the US Army's 250th Birthday in Washington, D.C., US, June 14, 2025. REUTERS/Nathan Howard

Donald Trump reported more than $600 million in income from crypto, golf clubs, licensing and other ventures in a public financial disclosure report released on Friday that provided a glimpse of the vast business holdings of America’s billionaire president.

The annual financial disclosure form, which appeared to cover the 2024 calendar year, shows the president's push into crypto added substantially to his wealth but he also reported large fees from developments and revenues from his other businesses. Overall, the president reported assets worth at least $1.6 billion, a Reuters calculation shows.

While Trump has said he has put his businesses into a trust managed by his children, the disclosures show how income from those sources still ultimately accrue to the president - something that has opened him to accusations of conflicts of interest.

Some of his businesses in areas such as crypto, for example, benefit from US policy shifts under him and have become a source of criticism.

“President Trump, Vice President Vance, and senior White House staff have completed required ethics briefings and financial reporting obligations," White House press secretary Karoline Leavitt said in an emailed statement to Reuters.

"The Trump Administration is committed to transparency and accessibility for the American people."

The financial disclosure was signed on June 13 and did not state the time period it covered. The details of the cryptocurrency listings, as well as other information in the disclosure, suggest it was through the end of December 2024, which would exclude most of the money raised by the family's cryptocurrency ventures.

Given the speed at which the Trump family has made deals during his ascent to the presidency, the filing is already a time capsule of sorts, capturing a period when the family was just starting to get into crypto but was largely still in the world of real estate deals and golf clubs. A meme coin released earlier this year by the president - $TRUMP - alone has earned an estimated $320 million in fees, although it’s not publicly known how that amount has been divided between a Trump-controlled entity and its partners. In addition to the meme coin fees, the Trump family has raked in more than $400 million from World Liberty Financial, a decentralized finance company. The Trump family is involved, also, with a bitcoin mining operation and digital asset exchange-traded funds.

In the disclosures, Trump reported $57.35 million from token sales at World Liberty. He also reported holding 15.75 billion governance tokens in the venture.

TRUMP MEDIA

The wealth of the Republican businessman-turned-politician ranges from crypto to real estate, and a large part on paper is tied up in his stake in Trump Media & Technology Group, owner of social media platform Truth Social.

Besides assets and revenues from his business ventures, the president reported at least $12 million in income, including through interest and dividends, from passive investments totaling at least $211 million, a Reuters calculation shows.

His biggest investments were in alternative fund manager Blue Owl Capital Corp and in government bond funds managed by Charles Schwab and Invesco.
The disclosure often only gave ranges for the value of his assets and income; Reuters used the lower amount listed, meaning the total value of his assets and income was almost certainly higher.

The disclosure showed income from various assets including Trump's properties in Florida. Trump's three golf-focused resorts in the state - Jupiter, Doral and West Palm Beach - plus his nearby private members' club at Mar-a-Lago generated at least $217.7 million in income, according to the filing. Trump National Doral, the expansive Miami-area golf hub known for its Blue Monster course, was the family's single largest income source at $110.4 million. The income figures provided are essentially revenues, not net profits after subtracting costs.

The disclosure underlined the global nature of the Trump family business, listing income of $5 million in license fees from a development in Vietnam, $10 million in development fees from a project in India and almost $16 million in licensing fees for a Dubai project.

Trump collected royalty money, also, from a variety of deals - $1.3 million from the Greenwood Bible (its website describes it as "the only Bible officially endorsed by Lee Greenwood and President Trump"); $2.8 million from Trump Watches, and $2.5 million from Trump Sneakers and Fragrances.

Trump listed $1.16 million in income from his NFTs - digital trading cards in his likeness - while First Lady Melania Trump earned around $216,700 from license fees on her own NFT collection.