The Trump family’s wealth grows by $5 billion as its crypto token World Liberty begins trading
As Donald Trump and his sons push deeper into the crypto industry, their flagship project is expanding the family’s wealth by billions of dollars. On Monday, their World Liberty token began trading on crypto exchanges, quickly becoming one of the top global cryptocurrencies—and raising further concerns about the blurred line between the White House and the blockchain industry.
First announced by Eric Trump last summer, World Liberty Financial is a crypto project that promises to usher in a “new era of finance,” though it has yet to launch products outside of its WLFI token, as well as a stablecoin, USD1.
Over the past year, World Liberty held a series of private sales of the token to accredited investors, valuing them…
