Trump-Backed DeFi to Boost His Personal Wealth, Not Crypto, Says Digital Asset CEO
- The Trump-backed DeFi project, World Liberty Financial, earlier this week announced the launch of a strategic token reserve, which it claims would “bolster” crypto markets against volatility.
- Critics including Two Prime Digital Assets CEO Alexander Blume, have labelled the scheme a grift with no benefit for token holders, intended to enrich the Trump family and ease the payment of political bribes.
The Trump family involved in a grift? Surely not!
But that’s exactly how one crypto industry figure has described the plan from the Trump-backed DeFi project, World Liberty Financial (WLFI), to launch its own ‘strategic token reserve’.
Speaking to The Block, Alexander Blume, the CEO of investment…
