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Exclusive: The Trump connection - Why some bought World Liberty Financial tokens


Published on 2025-01-23 06:40:59 - Reuters
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  • On Sunday, just before Donald Trump's inauguration, crypto investor Mike Dudas bought more than $145,000 worth of tokens from World Liberty Financial, a fledgling crypto company partly owned by the U.

The article from Reuters discusses the World Liberty Financial (WLF) tokens, which were promoted as a new form of digital currency backed by gold. Despite warnings from financial experts and regulatory bodies about the high risk and potential for fraud associated with these tokens, some investors were drawn to them due to perceived connections with former U.S. President Donald Trump. The tokens were pitched as a way to protect wealth from inflation and economic instability, with marketing materials often featuring Trump's image and references to his policies. However, there is no direct evidence that Trump was involved with or endorsed WLF tokens. The allure for some investors stemmed from Trump's reputation for business success and his past promotion of cryptocurrencies like Bitcoin, leading them to believe in the legitimacy and potential profitability of WLF tokens. Despite this, the tokens have been criticized for lacking transparency, having no real backing, and being part of a broader trend of fraudulent schemes exploiting Trump's image.

Read the Full Reuters Article at:
[ https://www.reuters.com/technology/trump-connection-why-some-bought-world-liberty-financial-tokens-2025-01-23/ ]
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