VC Reportedly Rejected Trump Crypto Venture After Steve Witkoff’s Memecoin Blunder
Nic Carter turned down the Trump crypto venture World Liberty Financial after Steve Witkoff said memecoin wrong. The post VC Reportedly Rejected Trump Crypto Venture After Steve Witkoff’s Memecoin Blunder appeared first on BeInCrypto.
Nic Carter reportedly almost joined World Liberty Financial (WLFI), the Trump family crypto venture. He allegedly walked away when cofounder Steve Witkoff said “memecoin” as “me-me” coins. Carter described the 2024 Miami meeting to New York magazine.
World Liberty says his account is wrong, and that it never offered him the job. Witkoff Could not Explain the Product Carter invests for Castle Island Ventures. He also voted for Trump in 2024.
Witkoff wanted him as an advisor. But Witkoff could not describe the decentralized finance (DeFi) business. “He didn’t know what crypto or DeFi was.
He didn’t know what the pitch was,” the New York feature reported, citing Nic Carter. Witkoff had one clear goal, Carter says. The launch had to happen before the election.
That way Trump was still a private citizen. Carter turned the role down. He warned the project could cost Trump votes.
That is when Witkoff’s tone hardened. World Liberty’s own Gold Paper supports part of that read. It says the sole utility of WLFI is governance.
Holders get no right to any return or dividend. WLFI Holders are Still Locked In WLFI trades near $0.055, against a record of $0.
3313 on Sept. 1, 2025. That was the first day of open trading.
The price fell 40% before it ended. World Liberty Financial (WLFI) Price Performance. Source: BeInCrypto World Liberty released only 20% of each investor’s tokens that day.
Just 31.8% of the supply trades now. An April plan unlocks the rest from 2028.
Holders who vote against it stay locked. The company also added a contract function letting it freeze any wallet. That change landed eight days before trading opened.
Justin Sun was the largest early backer. He sued World Liberty Financial in California for fraud. The company countersued for defamation in Miami.
Both cases remain at an early stage. The venture has been lucrative for the family even as the token sank. Reporting on the Trump family crypto windfall tracks how little of it reached ordinary holders.
Carter s
Đọc thêm từ Tiền số / Crypto
US Senate delays Crypto Clarity Act, leaving bill’s future uncertain
The delay in the Crypto Clarity Act's consideration heightens regulatory uncertainty, potentially stalling digital asset market growth. The post US Senate delays Crypto Clarity Act, leaving bill’s future uncertain appeared first on Crypto Briefing.
Kalshi and Polymarket win injunction against Minnesota prediction market ban
The injunction highlights ongoing tensions between state and federal authority over prediction markets, potentially influencing future regulations. The post Kalshi and Polymarket win injunction against Minnesota prediction market ban appeared first on Crypto Briefing.
Nvidia is using OpenAI’s Ilya Sutskever to loosen Google’s grip on elite AI research
Nvidia (NASDAQ: NVDA) is putting money and hardware behind Safe Superintelligence, the lab started by former OpenAI chief scientist Ilya Sutskever. The deal gives Ilya more access to Nvidia’s graphics chips and cuts the lab’s earlier dependence on processors from Alphabet’s Googl
Gold holds gain as Trump sounds optimism over US-Iran talks
Gold's stability amid U.S.-Iran talks optimism highlights its role as a hedge against geopolitical and economic uncertainties. The post Gold holds gain as Trump sounds optimism over US-Iran talks appeared first on Crypto Briefing.