Donald Trump, along with his sons, has launched a new cryptocurrency venture called World Liberty Financial (WLF). The company launched a token sale on Tuesday, aiming to raise $300 million.
After twenty-four hours, only $12 million had been secured, which is only 4% of the 20 billion tokens they have on offer.
But while Trump continues to try to present himself as a cryptocurrency advocate, industry executives are no longer buying it. They worry that he will further tarnish the already battered reputation of cryptocurrencies.
After a series of market crashes and frauds, the last thing we need is another high-profile failure. Trump’s involvement, along with shady executives, has everyone on edge.
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