Trump-backed crypto project receives $100 million investment

Trump-backed crypto project receives $100 million investment

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Legionships are concerned about Trump’s financial relationships of the controversial encryption project.

The Checkcha Fund in the United Arab Emirates has invested $ 100 million in World Liberty Financial, a Blockchain project with the support of President Donald Trump. Aqua Foundation 1 said 1 Investment Blockchain supports traditional and traditional financing.

The original code for the platform, WLFI, is only available for accredited investors. According to the project team, WLFI allows those with a distinctive symbol to vote on decisions within the system.

Meanwhile, stablecoin, USD1It is already circulated to the main encryption exchanges and was used in a controversial settlement of $ 2 billion, including Binance and the wealth box based in Abu Dhabi.

Although the details about the global freedom platform are still limited, developers claim that it will work as a center for borrowing and decentralized lending. Chis Hiro, Zach Folkman, Eric Trump, and the Witkeovs family of Trump in a long time-.

Ethical concerns are, especially among democratic legislators, because the Trump family won tens of millions of distinctive symbol sales.

President Trump revealed a personal profit for more than $ 57 million in the project, prompting Senator Richard Blumentel to investigate his operations. DT Defi LLC associated with Trump Marks LLC recently reduced its project share from 60 % to 40 %.

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