Trump Family's Crypto Ventures Face Scrutiny Amid Regulatory Challenges
The Trump family's foray into cryptocurrency has garnered significant attention, particularly with their investment in World Liberty Financial (WLFI), valued at nearly $4.9 billion. Eric Trump’s partnership with Metaplanet, alongside his brother's alliance with ALT5 Sigma, illustrates a strategic push into the crypto landscape.
However, these ventures have sparked controversy, especially allegations of WLFI selling tokens to sanctioned entities like North Korea and Iran. Recently, WLFI's token experienced a drastic decline, attributed to unexpected tariff hikes impacting the broader crypto market.
Additionally, Eric Trump’s recent removal from the board of ALT5 Sigma due to regulatory compliance issues raises questions about the family's ongoing involvement in this volatile sector. The intersection of business and politics continues to unfold, highlighting potential conflicts and regulatory scrutiny.
The press radar on this topic:
Trump's crypto firm sold tokens to North Korea, Iran and Russia: Watchdog
Trump tariff shock crashes family-backed token
The crypto empire of the Trump family expands its borders
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