Experts say the conflicts posed by Tom Krause’s dual roles are unprecedented in the modern era.
Tom Krause, CEO of Cloud Software Group, has been appointed as the fiscal assistant secretary at the U.S. Department of Treasury, holding both roles concurrently, a rare arrangement noted by experts. Cloud Software Group has federal contracts valued at millions, including with the Treasury. Federal regulations on conflicts of interest apply, though no wrongdoing is publicly evident. Krause's dual role is part of a trend of tech executives moving into federal roles under the Department of Government Efficiency (DOGE), raising concerns about potential conflicts.