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vegeta@lemmy.world to Technology@lemmy.worldEnglish · 8 months ago

Trump family gets 75% of crypto coin revenue, has no liability, new document reveals

www.cnbc.com

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  • cross-posted to:
  • politics@lemmy.world
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Trump family gets 75% of crypto coin revenue, has no liability, new document reveals

www.cnbc.com

vegeta@lemmy.world to Technology@lemmy.worldEnglish · 8 months ago
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  • cross-posted to:
  • politics@lemmy.world
Donald Trump's crypto project, World Liberty Financial, published a 13-page paper on Thursday laying out its mission and how tokens get allocated.
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  • tekato@lemmy.world
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    8 months ago

    Imagine buying a politician’s cryptocurrency

    • Imgonnatrythis@sh.itjust.works
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      8 months ago

      Imagine buying a policitian 's cryptocurrency

      • TropicalDingdong@lemmy.world
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        8 months ago

        Imagine buying a policitian’s cryptocurrency

  • Destide@feddit.uk
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    8 months ago

    The only crypto where the rug pull is done on top

  • gedaliyah@lemmy.world
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    8 months ago

    Breaking news, obvious scam is a scam.

    • calabast@lemm.ee
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      8 months ago

      *Obvious money laundering is money laundering (and also a scam).

      • sugar_in_your_tea@sh.itjust.works
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        8 months ago

        Not sure I’d call it money laundering, it’s all being done in the clear.

        But it’s certainly a scam:

        The paper released Thursday shows that Trump and his family assume no liability. It indicates that none of them are directors, employees, managers or operators of WLF or its affiliates, and said the project and the tokens “are not political and have no affiliation with any political campaign.”

        There’s a strong implication that launching this during his campaign means it’s tied to the campaign, but it’s really not.

  • 5oap10116@lemmy.world
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    8 months ago

    “New crypto coin” is a weird way to say bribe money laundering

    • desktop_user [they/them] @lemmy.blahaj.zone
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      8 months ago

      treat them as unique beanie babys or basketsport cards. They are only worth anything because of their limited supply.

      • ilinamorato@lemmy.world
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        8 months ago

        Do you honestly think that, on the off chance that the Trump family sells out of these things, they won’t immediately mint more? It’s “limited” in the same way Marvel movies are limited.

      • RecluseRamble@lemmy.dbzer0.com
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        8 months ago

        My farts in a sealed bucket are extremely limited and yet I haven’t found a single buyer.

  • FlashMobOfOne@lemmy.world
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    8 months ago

    I’d say it’s remarkable that Trump is even still able to run for president, but all this country seems to care about is social issues, and that clearly makes it easier to control people.

  • cabron_offsets@lemmy.world
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    8 months ago

    I wonder if any particular blyat is gonna buy these up.

  • originalucifer@moist.catsweat.com
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    8 months ago

    World Liberty Financial, or WLF

    are these the guys that sell wolf cola

    • WhiteOakBayou@lemmy.world
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      8 months ago

      Sounds like the guys that sell limited edition newly minted coins on Fox News commercials.

  • Dagwood222@lemm.ee
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    8 months ago

    The stupidest thing about Trump is that he could have extorted billions of dollars out of the Saudis on Inauguration Day. Even Team Rocket could have figured that out.

    • FarceOfWill@infosec.pub
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      8 months ago

      I’m not 100% sure Jared didnt

    • Uninvited Guest@lemmy.ca
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      8 months ago

      I’m unfamiliar with this, what’s the story there?

      • sugar_in_your_tea@sh.itjust.works
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        8 months ago

        Team Rocket are the primary antagonists in the Pokemon series, and the lead characters from Team Rocket are usually inept with their plans getting foiled by the protagonists, who are 10 or 11yo, and usually by accident.

        • TexasDrunk@lemmy.world
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          8 months ago

          Ah, the ol’ Lemmy Pokeroo.

          • VonReposti@feddit.dk
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            8 months ago

            Hold my pokéball I’m going in!

        • Uninvited Guest@lemmy.ca
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          8 months ago

          I’m mad but I laughed.

  • danc4498@lemmy.world
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    8 months ago

    Isn’t that the point? Allow anybody (including foreign crypto holders) to funnel money into the Trump family bank account with zero accountability?

    • telllos@lemmy.world
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      8 months ago

      I saw a documentary about the trump, or the wall. And they were selling part of the wall where people could write their name. It was really clear that this family is just scamming people left and right!!

      • Passerby6497@lemmy.world
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        8 months ago

        It was really clear that this family is just scamming people left and right!!

        Mainly right tho

        • frank@sopuli.xyz
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          8 months ago

          Ayo

  • Gingerlegs@lemmy.world
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    8 months ago

    Washing that money clean

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