DOJ Prepares for Trump Team's Transition Amid Media Stake Ethics Concerns
ICARO Media Group
### DOJ Preps for Trump Team's Transition Amid Ethics Concerns Over Media Stake
The Department of Justice (DOJ) has expressed readiness to facilitate the transition to President-elect Donald Trump's administration, according to a statement released on Friday. This marks the DOJ's first official comment on the transition, highlighting its willingness to grant necessary security clearances for Trump's incoming advisers.
"The Department of Justice is committed to ensuring an orderly and effective transition to the new Administration," the statement read. "We are prepared to deliver briefings to the transition team on our operations and responsibilities, and we stand ready to process requests for security clearances for those who will need access to national security information."
The responsibility of issuing security clearances predominantly falls under the Office of Director of National Intelligence, with significant involvement from both the Justice Department and FBI. This structured process will ensure that Trump's team is granted appropriate access to classified information.
Trump is poised to wield extensive authority over security clearances once he assumes office in January, giving him the ability to grant or revoke these clearances as he sees fit, independent of any background checks.
In another development, Trump has reiterated his intention to maintain his substantial financial interest in Trump Media & Technology Group, the parent company of Truth Social. Despite holding roughly $3.5 billion in the company, Trump took to social media to deny rumors suggesting he might sell his nearly 115 million shares. "THOSE RUMORS OR STATEMENTS ARE FALSE," Trump asserted on Truth Social, calling for an investigation into those spreading such claims.
This substantial stockholding, a key component of Trump's estimated $5.6 billion fortune, has raised concerns among ethics watchdogs. They fear that entities, both domestic and foreign, might utilize Truth Social's ad platform or invest in its stock to gain favor with Trump.
Despite its considerable valuation of $6.5 billion, Trump Media has faced challenges in revenue generation. The firm reported a $19.2 million net loss for the quarter ending on September 30, attributing its earnings primarily to advertising revenue from Truth Social.
Trump's camp has yet to clarify how he plans to manage his stake in Trump Media upon re-entering the White House. As part of a broader effort to solidify his administration, Trump has appointed Susie Wiles as his chief of staff. Known for her preference to avoid the spotlight, Wiles brings a wealth of experience from her previous role in Trump's campaign. Her effectiveness and loyalty have made her a trusted figure in Trump’s inner circle.
As Trump prepares to transition back into the presidency, balancing his business interests and political responsibilities will be scrutinized closely, both by his supporters and watchdog organizations concerned with conflicts of interest.