Crypto Business World Liberty Financial Majority-Owned by Trump

Trump’s Shady Crypto Business Partner Exposed in Shocking New Report

(This is a second-hand report of a NYT story)

By Edith Olmsted

Donald Trump’s shady crypto business has a surprising partner: Zachary Witkoff, the son of the president’s special envoy to the Middle East, Steve Witkoff. But don’t worry, his dad is getting in on the action too.

A sweeping investigation published Tuesday by The New York Times found that the young Witkoff had found his way to becoming one of the top three managers of World Liberty Financial, or WLFI, the decentralized finance platform that is majority owned by a Trump business entity.

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Crucially, World Liberty allows foreign investors to financially back Trump. Many of World Liberty’s early investors were from South Korea, Hong Kong, Singapore, and the United Arab Emirates. Early investors also included some foreign crypto entrepreneurs who had to make payments to the Securities and Exchange Commission over their misdeeds.

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In March, Trump announced plans for a U.S. “crypto strategic reserve,” which presents as a blatant insider trading scam to make his billionaire crypto czar richer — funded by taxpayer money. It directly increased the value of World Liberty’s stash of ether, which was one of the coins included in Trump’s reserve.

https://newrepublic.com/post/194552/donald-trump-shady-crypto-partners-damning-report