With Donald Trump's inauguration a month away, cryptocurrency analysts are sounding the alarm on potential conflicts with his administration and the industry he has embraced.
Trump and his sons helped launch World Liberty Financial, a decentralized crypto platform co-founded by Steve Witkoff, a real estate developer and inauguration committee co-chair who Trump has named special Middle East envoy. The platform proclaims Trump its "chief crypto advocate" and his sons "ambassadors." The Trumps are not an "officer, director, founder, or employee of World Liberty Financial or its affiliates," according to a disclaimer on its website. But an entity affiliated with Trump, DT Marks DEFI LLC, is entitled to receive 75% of its revenues, the disclaimer says.
