Tue Sep 17 14:54:32 UTC 2024: ## Trump Launches Crypto Venture Amidst Controversy

Former President Donald Trump has formally introduced his new cryptocurrency venture, World Liberty Financial, in a livestream on Monday. The launch comes just weeks before the upcoming presidential election and has sparked controversy due to its potential conflicts of interest and the lack of experience in the entrepreneurs leading the project.

The venture was announced alongside Trump’s two sons, Donald Trump Jr. and Eric Trump, and two relatively unknown crypto entrepreneurs, Chase Herro and Zachary Folkman. While Trump has promoted the project since August, its exact purpose remains unclear, with no official launch date set.

Herro, who describes himself as “the dirtbag of the internet,” and Folkman, a former instructor of seduction classes, have no prior experience running a high-profile business. This lack of experience has raised concerns amongst some of Trump’s supporters in the crypto industry.

Ethics experts have also voiced concerns, pointing out that Trump’s involvement in the venture would create significant conflicts of interest if he were to be elected president. The Securities and Exchange Commission is currently cracking down on the cryptocurrency industry, arguing that most cryptocurrencies are unregistered securities and require regulation similar to stocks.

This unusual move by a presidential candidate to launch a new business so close to an election, particularly one benefiting him and his family, is raising eyebrows amongst political observers. Trump has a history of engaging in business dealings that have been flagged as problematic by ethics experts. He is the majority owner of Trump Media & Technology Group, the parent company of his social media platform Truth Social, which accounts for a substantial portion of his personal wealth.

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