Mike Dudas invested over $145,000 in tokens from World Liberty Financial, which allows holders to vote on product decisions. Dudas, influenced by advisors, sees potential in decentralized finance (DeFi) with connections to Trump's brand. The startup, launched shortly before the election, has raised about $300 million through its tokens. While Trump's involvement sparks ethical concerns regarding conflicts of interest, experts noted he hasn't violated laws since such rules do not extend to the presidency. Trump's ventures have drawn both interest and scrutiny from various market observers.
"I think they'll appreciate greatly in value," Dudas told Reuters, explaining why he bought the tokens. "I believe a Trump DeFi company can be worth very much and that the public sale price was attractive."
Ethics experts said Trump does not appear to have violated any laws. While federal rules prohibit executive branch employees from being involved in policy issues that will affect their financial interests, that law does not apply to the president or vice president.
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