Exclusive-The Trump connection: Why some bought World Liberty Financial tokens


FILE PHOTO: Republican presidential nominee and former U.S. President Donald Trump gestures at the Bitcoin 2024 event in Nashville, Tennessee, U.S., July 27, 2024. REUTERS/Kevin Wurm/File Photo

NEW YORK/LONDON (Reuters) -On Sunday, just before Donald Trump's inauguration, crypto investor Mike Dudas bought more than $145,000 worth of tokens from World Liberty Financial, a fledgling crypto company partly owned by the U.S. president.

Unlike typical crypto investments, the World Liberty Financial tokens give their holders a vote on decisions about product features and marketing. Crypto tokens such as bitcoin and ether can be used for payments or developing applications.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Mother of Elon Musk's child sues his AI company over sexual deepfake images created by Grok
Japan, US narrow first $550 billion investment picks, including SoftBank-linked plan, sources say
Trump wants tech giants to pay for power. They’d love to
US$2 rental batteries are helping to power South Africa
Blind fans were given touch tech to follow Africa Cup games, but not for the final
OpenAI introducing ads to ChatGPT
Social media addiction's surprising challenger? Anti-doomscrolling influencers
South Korea's Lee, Italy's Meloni agree to strengthen cooperation in AI, chips
Does AI create new ideas, or just repeat old ones?
A new video game traps players in an online scam centre

Others Also Read