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A similar scam, promising that a "Trump Liberty Coin" purchased for $149 could be redeemed at Bank of America for $100,000, circulated in April 2024; a Bank of America spokesperson denied any connection between the bank and the coins. [8]
World Liberty Financial will include a so-called governance token (crypto's version of voting shares) called WLFI, which will be nontransferable and will not earn yield—two factors that would ...
The Trump meme coin was launched on January 17, 2025, three days before Trump was inaugurated as president of the United States. The lack of a public announcement initially led to concerns that the cryptocurrency was a scam and might have no association to the president-elect. [3]
World Liberty Financial is a decentralized finance protocol founded in 2024; Donald Trump's company title is "chief crypto advocate", Barron Trump is listed as the project's "DeFi (decentralized finance) visionary", and Eric Trump and Donald Trump Jr. each have the title, "Web3 ambassador."
Image source: Getty Images. Although cryptocurrencies are by their very nature global and decentralized, it's worth taking a closer look at the specific cryptos held by World Liberty Financial ...
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