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Trump Family’s Crypto Venture Targets $1.5 Billion Deal

Crypto News

Trump family-backed World Liberty Financial is reportedly pitching investors on a new project.

The firm aims to create a public company that would hold its WLFI tokens and hopes to raise around $1.5 billion for the venture, Bloomberg News reported Saturday (Aug. 9), citing sources familiar with the matter.

Those sources say major investors in the technology and cryptocurrency sectors have been approached for the deal, with discussions rapidly proceeding.

World Liberty, whose website lists the President Donald Trump as “co-founder emeritus,” announced last year plans to debut a crypto-lending app and currently offers USD1, a dollar-backed stablecoin. The company has raised funds via sales of its WLFI token, which was originally…

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