Financial freedom or false promises? Experts weigh in on the truth behind Trump’s World Liberty Financial
The post Financial freedom or false promises? Experts weigh in on the truth behind Trump’s World Liberty Financial appeared on BitcoinEthereumNews.com.
Will Trump’s involvement in World Liberty Financial attract more investors, or will it increase the scrutiny on a project that is already raising eyebrows due to its controversial token distribution and governance? Experts weigh in. Trump strikes again 2024 has been a whirlwind for former President Donald Trump, with his name frequently making headlines — not just for his political ambitions but also for his growing interest in crypto. The latest buzz? His newest venture — World Liberty Financial, which is set to officially launch on Sep. 16. World Liberty Financial is positioned as a platform aimed at empowering everyday people by giving them more control over their finances. A recent podcast appearance by Trump confirmed the launch date, with WFL’s X page following up with an announcement: a live event from Mar-A-Lago on September 16 at 8 PM EST, where Trump will unveil the project’s vision for “making finance great again.” Join us live from Mar-A-Lago on September 16 at 8pm EST with Donald J. Trump! Tune in to hear our vision for making finance great again. 🇺🇸 https://t.co/2H0rJcawBJ — WLFI (@worldlibertyfi) September 12, 2024 Reports suggest that Trump has assumed the title of “Chief Crypto Advocate,” while his sons, Eric Trump and Donald Trump Jr., serve as “Web3 Ambassadors.” The project’ goal is to disrupt the traditional financial system and offer decentralized finance as an alternative. However, skeptics are questioning whether this is a genuine attempt at financial innovation or simply another branding exercise by the Trumps to leverage their fame. Concerns have also surfaced about the project’ legitimacy. Zachary Folkman and Chase Herro, both tied to the platform’ operations, were previously involved in Dough Finance—a blockchain app that was hacked recently. So, what is World Liberty Financial really aiming to achieve? Will it live up to its…
Filed under: News - @ September 13, 2024 3:23 pm