The Trump family has acquired a 60% stake in the crypto firm World Liberty Financial after it raised $550 million through token sales. This acquisition raises concerns over centralized control and the potential exclusion of public investors.
With the family's significant control of the firm's resources, questions concerning governance structures and future project development for World Liberty Financial emerge. Critics highlight the risks of limited transparency and oversight.
The governance dynamics deviate from typical decentralized finance arrangements, drawing parallels to centralized banking. Regulatory scrutiny is increasing amid fears of vulnerabilities and the need for greater transparency in the crypto space.
Full story here: https://coincu.com/329765-trump-family-controls-liberty-financial