Donald Trump’s $300M Crypto Venture Faces Backlash
Donald Trump’s new cryptocurrency venture World Liberty Financial, which aims to raise $300 million in crypto token sales, has drawn criticism from industry experts.
Promoted by Trump and his three sons—Donald Jr., Eric, and Barron—the project seeks to “leverage the global reach and recognition of the Trump brand” to promote cryptocurrency adoption, according to the official website.
The World Liberty Financial (WLF) website went live on Tuesday, but the launch was marred by technical difficulties. The company’s website crashed shortly after going live, reportedly due to excessive traffic.
Sandy Peng, cofounder of tech research firm Scroll and adviser to WLF, told website CoinDesk that the website received 72 million unique visits in…
