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According to the New York Times, World Liberty Financial, a crypto company owned by President Donald Trump, had already laid the truck before stepping into the White House for the second time.
Zachary Folkman, who ran a business called Date Hotter Girls, sent a message via signal to Cayman Islands Crypto Startup. He pitched the deal: exchanged coins to boost each other’s reputation. But the catch was brutal. Startups have to secretly hand over millions of people to the freedoms of the world to say they are associated with Trump.
Falkman boasted that others have already paid between $10 million and $30 million for the same privilege. The Cayman startup refused. So did other companies that got the same pitch. They called it unethical, essentially bought support and lied about it.
Even after its rejection, the Times claims that global freedom continues to push coins around the world, selling for over $550 million.
Trump turns global freedom into a global machine
A comeback to Power opened a new door for Trump. Through the freedom of the world, he erased the old barriers between private business and government. World freedom is primarily owned by Trump’s family companies. It is directly supported by the president’s decision.
The value of their holdings jumped after they announced a stockpile of national crypto, including Trump-backed companies. He filled the top job with Crypto fans, made his former Crypto advisor the SEC president and killed the Department of Justice’s Crypto Crimes Task Force.
World Liberty sells coins overseas to buyers in Israel and Hong Kong. The move has given foreign investors a new way to feel comfortable with the Trump administration. Some of these investors were managing the companies that the US government is investigating.
One fraud case has been suspended after executives poured millions into the freedoms of the world. Other investors were trying to grow businesses that needed federal approval.
The company has pitched at least five startups and offered to exchange coins while secretly requesting large payments. “This is the black place in our industry,” said Andre Cronje of Soniclabs. The Folkman and Chase Hero continued to roll the deals, constantly pushing them forward using Trump’s name.
World Liberty spokesman David Waxman has denied the shady thing, saying that the deal is “thoughtful, strategic interaction” and calls accusations of political favors “false, absurd and dangerous.” Still, profits remained close to home. Trump’s business owns 60% of the world’s freedom and earns 75% of revenue from coin sales, the Times said.
Family-owned Eric Trump “is one of the things he’s ever had to succeed at Trump Doral Golf Course in Florida.” He and Donald Trump Jr. are world-renowned and practical. They work with partners, Folkman, Herlo and Zach Witkov.
Zach, son of Trump envoy Steve Witkov, helped arrange a meeting in Pakistan with Prime Minister Muhammad Shebaz Sharif. Limousines, police escorts and even dancers were brought in. Waxman argued that US officials were not part of it.
Trump’s code explodes after election night
Trump’s second election victory turned everything upside down. As soon as the polls were over, X’s World Liberty account posted “big things on the horizon.” Overnight, the investment ran into the coin. Blockchain records showed that many buyers came from Singapore, Korea, Hong Kong and the UAE.
Since Trump returned, some of these investors have been chasing US expansion. Tron founder Justin Sun has purchased World Liberty coins worth $75 million. Facing SEC accusations of fraud, Sun claimed that his investment was a faith in the project, but shortly afterwards the SEC asked the judge to freeze Sun’s case.
The Times claimed that the actual pitch was an acquisition. Pay $10-$30 million in coins to Liberty worldwide to regain less investments. The five startups have signed a deal with global freedom, even without public disclosure. The SUI Foundation has gained a price increase of more than 10% after announcing the deal.
Eric Trump later gave investment advice on X, telling his followers it was a good time to buy $eth and deleted the comment. A month later, President Trump announced the “US Cryptocurrency” and placed Bitcoin and ether in the center. Ether prices rose 13%, increasing World Liberty’s $240 million Ether Stash by $33 million before the price slipped.
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