Trump's Crypto Venture Faces Scrutiny Amid Tepid Token Sales

Donald Trump's World Liberty Financial project struggles with low demand and industry skepticism despite his pro-crypto stance.

World Liberty Financial, promoted by Donald Trump and his sons, aims to raise $300 million through crypto token sales but has faced technical issues and low demand.
Critics highlight potential conflicts of interest and lack of investor protections, warning of reputational risks to the already scrutinized crypto industry.
Only 4.32% of the 20 billion WLFI tokens have been sold, raising about $12 million, far below the project's goals.
Industry experts express doubts about the project's intentions, noting that the tokens offer voting but no economic rights and are non-transferable.
Concerns are raised about Trump's history with investments and the potential for inexperienced investors to be exploited in complex crypto markets.