The Trump Effect: How a Family's Cryptocurrency Venture Raises Concerns

Donald Trump's latest business venture, a cryptocurrency company called World Liberty Financial, has raised eyebrows, to say the least. The company's unusual partners, including a self-proclaimed "dirtbag of the internet" and a former teacher of seduction techniques, have sparked concerns about the level of expertise and oversight involved. Trump, who claims to be the "Chief Crypto Advocate," and his sons, who are described as "Web3 Ambassadors," are joining forces to create a new financial empire, despite having little to no experience in the field. This move is particularly worrying, given the potential conflicts of interest that arise from Trump's involvement in both the cryptocurrency market and his Truth Social stock. With the former president poised to take control of regulatory agencies if he wins the election, many are questioning the integrity of his business dealings. Trump's history of fraudulent business failures and his ability to wriggle out of financial crises has left many wondering if he can be trusted with public funds. Moreover, Trump's lack of financial knowledge and his tendency to rely on his name and reputation rather than established business practices have raised concerns about the company's viability. His sons, particularly his 18-year-old son Barron, who has been named as the company's "DeFi visionary," seem to be more interested in making a quick buck than in building a sustainable business. The company's motto, "Make Cryptocurrency Great Again," smacks of Trump's signature brand of populist rhetoric, but it's unclear whether the venture will be driven by genuine enthusiasm for innovation or a desire to cash in on the latest financial fad.