Trump Family’s Crypto Token Boosts Wealth by $5 Billion
World Liberty Financial, associated with the Trump family, launched a new cryptocurrency, WLFI, this week, briefly boosting the family’s paper wealth by approximately $5 billion, despite the token’s value declining shortly after its debut. The token reached a high of about 40 cents but fell significantly before stabilizing around 23 cents. WLFI holders can vote on governance issues for World Liberty Financial and its dollar-backed stablecoin. This venture adds to Mr. Trump’s growing interest in cryptocurrency, which is evident in his investments and policy moves.
John Q. Hosedrinker