How the Trump family took over a crypto firm as it raised hundreds of millions
- World Liberty Financial raised over $550 million for its crypto venture, with a significant portion sold after Donald Trump's election win, according to Reuters calculations.
- The Trump family claims 75% of revenues from token sales and 60% from operations, entitling them to about $400 million.
- World Liberty's structure has drawn criticism for favoring insiders and limiting public investors' financial participation, creating potential conflicts of interest due to Trump's presidency.
- Critics, including some government ethics experts, have raised concerns about the financial ties between a sitting U.S. President and the crypto venture, indicating risks related to deregulation.
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The Trump family took control of a crypto company that raised over $550 million. Two Romanians among the developers
US President Donald Trump's family has taken control of crypto company World Liberty Financial, which has raised more than $550 million from investors, benefiting from most of the funds under contractual clauses that, according to industry experts, favor insiders, Reuters reports.
·Romania
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Leaning Left1Leaning Right2Center1Last UpdatedBias Distribution50% Right
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- 50% of the sources lean Right
50% Right
L 25%
C 25%
R 50%
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