c/news · by zero@fek.xyz · 345d

Trump Family Profits Even With Tepid Launch of Crypto Tokens

https://www.nytimes.com/2025/09/01/us/politics/trump-crypto-trading.html?unlocked_article_code=1.i08.Sytq.GbEIePA6Vhs-&smid=url-share

World Liberty Financial’s cryptocurrency token fell short of investors’ hopes. But a previous deal paved the way for a payment to the Trump family of potentially hundreds of millions of dollars.

100 points · 2 comments · view on lemmy.world

2 Comments

zero@fek.xyz · 24 pts · 345d (1 reply)

“They have this obvious conflict of interest, given Donald J. Trump’s role as president,” Mr. Stark said. “One thing you have to give them credit for: They are doing just everything in plain view. Way back when, you would hide these associations. The president’s family celebrates them like a badge of honor.”

Stovetop@lemmy.world · 25 pts · 345d

[ removed ]

mitch@piefed.mitch.science · 4 pts · 344d

Naked corruption. Investing in cryptocurrency is essentially enabling billionaires to abuse workers on a cosmic scale.