Secret Deals, Foreign Investments, Presidential Policy Changes: The Rise of Trump’s Crypto Firm

President Donald Trump has launched a cryptocurrency venture called World Liberty Financial, aiming to promote decentralized finance (DeFi) and reduce reliance on traditional banking systems. The platform's governance token, WLFI, is non-tradable and intended for voting on platform decisions, with 63% allocated for public sale. Trump and his family are poised to receive 75% of the platform's net revenues.

The venture has faced criticism over potential ethical concerns, especially given Trump's political ambitions. World Liberty's partnership with the Tron network, which has been linked to illicit activities, and the involvement of Tron's founder, Justin Sun—who faces SEC fraud charges—have raised additional questions.

Financially, the project has underperformed, raising only about $14 million of its initial $300 million goal, leading to a revised target of $30 million.

Despite these challenges, Trump has embraced the crypto industry, promising to make the U.S. a leader in the field and proposing the creation of a national "bitcoin stockpile" if re-elected.

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