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World Liberty Financial Continues to Issue Warnings About Scam Project

Key Points:

The Trump family’s World Liberty Financial crypto project warns about fake ads offering airdrops and token sales.
Backed by Donald J. Trump, the project aims to challenge traditional banks and has been promoted on Trump’s social media.
The project’s high-interest claims could draw scrutiny from the SEC, raising questions about its compliance.

A warning was issued on the Trump family’s official Telegram channel regarding fake advertisements floating around Telegram for the new crypto venture, World Liberty Financial.

Trump Family Warns Against Scam Crypto Ads

These ads have claimed that there are airdrops or token sales available for the project and urged users not to click any links associated with them.

World Liberty Financial is a DeFi project that has gained notoriety for being the only DeFi service endorsed by former President of the United States Donald J. Trump. This project ensures high-yield investments with safe financial instruments. At the same time, the project also affirmed: “We are NOT doing any airdrops or selling any tokens at this time.”

The project is said to be driven by Donald Trump’s sons, Eric Trump and Donald Trump Jr. They frame it as an opposition to mainstream banking and financial elites. In their telling, the effort is intended to fight inequality in access to banking services.

This was amplified by former President Trump posting a promotional video on X to his estimated 90 million followers. Trump also insinuated that a larger strategy was needed for the United States to take centre stage in the cryptocurrency markets.

World Liberty Financial Faces Regulatory Questions

While the Trump campaign claims it has raised $25 million from the crypto community, that figure is unconfirmed. The possible legal standing of the project is also unclear, particularly in view of the U.S. Securities and Exchange Commission which has recently attacked high-interest crypto investment schemes.

Particular details of how the World Liberty Financial is going to function, what it is going to be used for in the long term, have not been explained yet, and its future in the regulatory environment remains uncertain.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.