Trump’s USD1 stablecoin deepens concerns over conflicts of interest

World Liberty Financial (WLFI), the Trump family’s crypto project, is planning to release a stablecoin, raising concern over the US president’s exposure to the digital asset industry. The project released a memecoin immediately prior to President Donald Trump’s inauguration, the price of which skyrocketed and crashed soon after, causing many to accuse WLFI of a pump-and-dump scheme.  WLFI has also made multimillion-dollar purchases of crypto tokens immediately prior to important crypto-related events the president has attended or announcements influencing the industry. WLFI purchased $20 million of various tokens ahead of the March 7 White House Crypto Summit source: https://cointelegraph.com/news/trump-stablecoin-usd1-conflicts-of-interest?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound