The launch of the Trump family crypto venture, World Liberty Financial, during a US election campaign carries significant risks. Analysts warn that it could be a potential pump-and-dump disaster, which might damage both Trump's campaign and the overall image of the crypto industry.
Given the controversial nature of Trump's involvement and the timing amid an election, the venture may attract intense scrutiny and skepticism from both regulators and the public. This could lead to a negative impact on investor confidence.
The potential for market manipulation and the association with a high-profile political figure further complicates the venture's reception and success. Overall, this move adds another layer of complexity to the already volatile cryptocurrency market.
Sursă: cointelegraph.com ↗