Trump talks up World Liberty Financial crypto exchange, but many questions remain
With $5.6 billion in losses due to cryptocurrency fraud, how can you protect yourself? | On Your Sid
04:31
Former President Donald Trump on Monday announced his latest business venture, a cryptocurrency platform called World Liberty Financial that will be controlled by sons Donald Trump Jr. and Eric Trump.
Trump’s announcement, streamed on X from his Mar-a-Lago resort in Palm Beach, Florida, marked his first appearance since an apparent assassination attempt at his Florida golf course on Sunday.
With Trump disclosing few specifics about World Liberty Financial, details about the platform, which is not yet live, remain scarce. Typically, crypto exchanges are platforms where investors can buy and sell digital currencies, similar to how a traditional stock exchange operates. Crypto exchanges often charge fees to withdraw bitcoin and other digital currencies.
Pew Research Center shows. Forty-three percent of American men ages 18 to 20 say they have invested in, traded or used cryptocurrency, compared to 16% of the general population.
—With reporting by the Associated Press.
Megan Cerullo
Source: cbsnews.com