Trump family’s crypto venture sparks conflict of interest concerns
Digital tokens tied to World Liberty Financial, the cryptocurrency launched by former President Donald Trump alongside his family during his 2024 campaign, began open trading Monday, quickly generating more than $1 billion in transactions in the first hour, according to CoinMarketCap.
The project has ballooned in value over the past year, buoyed by Trump’s own deregulatory push from the White House and his public championing of the industry’s potential to bolster the U.S. economy. While the token fell rather quickly in the first day of trading, the Wall Street Journal reported the family’s holdings could now be worth as much as $5 billion, rivaling the value of their real estate portfolio. The growth of the cryptocurrency raises…
