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Trump Just Disclosed Earning $57.4 Million From World Liberty Financial
Trump’s backing of the decentralized finance platform comes as his administration pushes to expand U.S. crypto markets.
Decentralized finance, or DeFi, refers to blockchain-based platforms like World Liberty Financial that let users lend, borrow and trade assets without relying on traditional banks. An ethics white paper the Trump Organization released in January noted the Constitution does not bar a president from owning, operating or managing a private business. A group of nine Senate Democrats pulled their support for a crypto-friendly bill in early May, citing conflict-of-interest concerns over World Liberty Financial’s business ties with the Emirati-backed firm, according to The New York Times.
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