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Why Trump’s Crypto Empire Is in Chaos – Mother Jones

Why Trump’s Crypto Empire Is in Chaos – Mother Jones

High-contrast, black-and-white stylized portrait of Donald Trump with a downward-turned mouth and furrowed brow. The face is tilted and contained within a black circular frame positioned on the lower-right side of a solid orange background.

Mother Jones illustration; Julia Demaree Nikhinson/AP

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One of the Trump family’s biggest crypto plays is in turmoil. Investors are furious. The value of its digital tokens is tanking. And no one seems to know what exactly is going on with its finances.

When it was unveiled 20 months ago, World Liberty Financial was pitched as a firm that would provide a new, blockchain-based way to bank. But it has yet to launch a consumer platform to do much of that, and the price of one of its few offerings—a digital asset that would ostensibly let owners vote on the company’s big financial…

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