The 'Crypto Punks' Behind Trump's Murky New Business Venture

Donald Trump has partnered with Chase Herro and Zachary Folkman, two entrepreneurs with a controversial history, to launch a new cryptocurrency venture called World Liberty Financial. The project, announced during a livestream, aims to position the U.S. as a leader in the crypto space. However, experts have raised concerns about the credibility and expertise of Herro and Folkman, who have been involved in multiple lawsuits and financial troubles. Critics describe the venture as lacking innovation and potentially harmful to investors. Trump's involvement in the project raises questions about conflicts of interest, especially if he were to regain political power, as he could influence regulations affecting the cryptocurrency industry. The business model remains unclear, but it is suggested that it will focus on facilitating cryptocurrency transactions. Herro and Folkman have a history of shifting from one business to another, often leaving behind legal issues and unpaid debts. Their previous ventures have included social media marketing and e-commerce, with mixed results. Despite their dubious backgrounds, they have positioned themselves as capable leaders in the crypto space, with promotional materials even branding Trump's youngest son, Barron, as a "crypto visionary." The project has drawn skepticism from financial experts, who question its viability and the motivations behind Trump's sudden interest in cryptocurrency.

- Donald Trump has launched a cryptocurrency venture with partners known for legal and financial issues.

- Experts express skepticism about the project's credibility and the partners' expertise.

- The venture raises potential conflicts of interest if Trump regains political power.

- The business model of World Liberty Financial remains unclear.

- Herro and Folkman have a history of shifting business ventures with mixed success.