{"id":918875,"date":"2025-04-02T08:52:50","date_gmt":"2025-04-02T03:22:50","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=918875"},"modified":"2025-04-02T08:52:50","modified_gmt":"2025-04-02T03:22:50","slug":"how-the-trump-family-took-over-a-crypto-firm-as-it-raised-hundreds-of-millions","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/04\/02\/how-the-trump-family-took-over-a-crypto-firm-as-it-raised-hundreds-of-millions\/","title":{"rendered":"How the Trump family took over a crypto firm as it raised hundreds of millions"},"content":{"rendered":"<p>As World Liberty Financial raised more than half a billion dollars, President Donald Trump&#8217;s family took control of the crypto venture and grabbed the lion&#8217;s share of those funds, aided by governance terms that industry experts say favor insiders. Launched last fall, World Liberty&#8217;s goal is to allow people to access financial services using cryptocurrencies and without intermediaries like banks in what is called decentralized finance, or DeFi. But it has yet to launch a public platform and has reported only a small staff, a review of the project shows. Even so, World Liberty said in mid-March it had raised $550 million selling so-called governance tokens. Most of those sales took place after Trump&#8217;s election win in November, Reuters calculations show.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As World Liberty Financial raised more than half a billion dollars, President Donald Trump&#8217;s family took control of the crypto venture and grabbed the lion&#8217;s share of those funds, aided by governance terms that industry experts say favor insiders. Launched last fall, World Liberty&#8217;s goal is to allow people to access financial services using cryptocurrencies and without intermediaries like banks in what is called decentralized finance, or DeFi. But it has yet to launch a public platform and has reported only a small staff, a review of the project shows. Even so, World Liberty said in mid-March it had raised [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-918875","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/918875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=918875"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/918875\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=918875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=918875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=918875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}