Crypto No! Allies worry about Trump family’s ventures into digital currency

Months after Donald Trump and his eldest sons were found liable for civil fraud associated with a family business, the Trumps have sparked new concerns with a growing family venture — cryptocurrency.

The Republican presidential candidate has embraced a newfound love for cryptocurrency — he owns more than $1 million in digital currency — and sons, Don Jr and Eric, are considering forming a crypto startup called World Liberty Financial. But that plan has concerned Trump’s allies in the crypto sphere.

The X accounts of Trump’s youngest daughter, Tiffany Trump, and Lara Trump, Eric’s wife who co-chairs the Republican National Committee, were hacked earlier this week, with posts directing users to fake links for the project, according to World Liberty Financial.

World Liberty Financial then warned X users to avoid clicking on links shared from those profiles. The two women are not involved in the crypto project.

Not long after the incident, Nic Carter, a Trump supporter and general partner at cryptoasset firm Castle Island Ventures, advised the startup to stop in its tracks.

“Is there something that we, as crypto twitter, can collectively do to stop the launch of world liberty coin? I think it genuinely damages trump’s electoral prospects, especially if it gets hacked…it’s also an obvious target for the SEC,” Carter wrote on X.

“At best it’s an unnecessary distraction, at worst it’s a huge embarrassment and source of (additional) legal trouble.”

Carter then bluntly told Politico that the startup was a “huge mistake”.

“It looks like Trump’s inner circle is just cashing in on his recent embrace of crypto in a kind of naive way, and frankly it looks like they’re burning a lot of the good will that’s been built with the industry