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News in English (USA) / 20.09.2024 / 14:00

Donald Trump's New Cryptocurrency Venture Sparks Controversy

Former President Donald Trump is making headlines again with the launch of his family's new cryptocurrency project, World Liberty Financial. Despite his earlier skepticism about Bitcoin, Trump has embraced the crypto space, labeling himself a DeFi enthusiast. However, this venture has attracted significant criticism and skepticism from both crypto advocates and critics. Concerns have been raised about potential ethical issues, lack of transparency, and whether Trump fundamentally understands the intricacies of the cryptocurrency market. While Trump claims to aim for the US to become the 'Crypto Capital', many are questioning the details and implications of his latest business move. The launch event was marked by a lack of specifics, leaving questions about the venture's operational framework and compliance. Additionally, the prospect of token sales being limited to accredited investors and non-US persons adds another layer of complexity to this unfolding story.