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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsNew details of Trump family crypto project released, including who can buy in
https://www.cnbc.com/2024/09/16/trump-crypto-world-liberty-financial.html"The team behind World Liberty Financial, the Trump familys new crypto project, have unveiled a key detail: Who can buy the forthcoming tokens it plans to release, and how shares will be allotted.
Twenty percent of the projects tokens will be allotted to the founding team, 17% of tokens will be set aside for user rewards, and the remaining 63% of the coins will be available for the public to purchase.
For over a month, Republican former President Donald Trump and his family have been pumping up the secretive digital currency platform, promising that it will do many things at once..."
https://www.nytimes.com/2024/09/16/technology/trump-crypto-world-liberty-financial.html
Donald Trump Rolls Out His New Cryptocurrency Business
...Mr. Trump has promoted the project since August, but its exact purpose remains unclear. On the livestream, he did not address the business directly, deferring to his partners. One of them has described himself as the dirtbag of the internet, while another used to teach classes on how to seduce women.
...Danielle Brian, executive director of the Project on Government Oversight, a nonpartisan watchdog group, said that if Mr. Trump is elected, his involvement in the crypto venture would create serious conflicts of interest. The Securities and Exchange Commission has argued that virtually all cryptocurrencies are unregistered securities and ought to be regulated like stocks traded on Wall Street.
Mr. Trump would be able to push regulatory agencies to favor businesses he is involved in, Ms. Brian said. Ethics experts have said that his ownership of the social media company raises similar issues...
...Steve Witkoff, a real estate magnate and close friend of Mr. Trump, and his son Zach are both involved in World Liberty Financial, according to the white paper. The elder Mr. Witkoff was golfing with Mr. Trump on Sunday when the U.S. Secret Service stopped the apparent assassination attempt on the former president at his golf course in Palm Beach, Fla..."
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New details of Trump family crypto project released, including who can buy in (Original Post)
cliffside
Monday
OP
SoFlaBro
(3,015 posts)1. Orange Fuckface will never get this shitty grift off the ground. Little Donny Fuckpants will fuck it up for daddy first.
cliffside
(337 posts)4. Hopefully you are correct! nt
Beetwasher.
(3,113 posts)2. Cryptocurrency: the ultimate pyramid/ponzi scheme. Grifter's gonna grift.
GoCubsGo
(32,786 posts)9. It's also the preferred currency of money launderers and human traffickers.
And, various other criminals.
Wounded Bear
(60,053 posts)3. Allowed to buy: idiots and morons...
cliffside
(337 posts)5. Very true, there are many, almost 50% of voters :( nt
no_hypocrisy
(48,062 posts)6. NYC RW radio regularly broadcasts ads promoting the purchase of gold.
I wonder if they'll add TSF's cryptocurrency to their ad buys.
hatrack
(60,314 posts)7. He has a concept of a scam . . .
GoCubsGo
(32,786 posts)8. Just another way for him to launder money.
Same goes for the real estate, which is why he is hanging with Steve Witkoff.