World Liberty Financial, a crypto venture backed by former U.S. President Donald Trump, is set to release a stablecoin audit and launch a new application.
What Happened: The Trump family, which has a 75% claim on the venture’s net revenues, has been the subject of criticism due to potential conflicts of interest with the president’s involvement in crypto, reported Reuters.
Zak Folkman, the co-founder of the platform, said the audit would be carried out “within days.” Folkman revealed that the app would make it seamless for lay investors to use cryptocurrencies.
World Liberty Financial, which raised $550 million by selling so-called governance tokens, was taken over by the Trump family in January. The family now has a claim on 75% of net revenues from token sales and 60% from World Liberty operations …