The Son of Witkoff is a Co-Founder of the Trump Family Cryptocurrency Company.
The Son of Witkoff - Co-Founder of Trump's Crypto Company
The co-founder of the cryptocurrency company World Liberty Financial, owned by Donald Trump's family, is Zach - the son of the U.S. President's special envoy Steve Witkoff. This information was disclosed by the WSJ.
According to the WSJ, a month before Donald Trump's official inauguration, Zach Witkoff traveled to the UAE with two goals: to discuss regional issues with the sheikhs and to participate in a cryptocurrency conference. At a recent conference in Dubai, he announced a $2 billion deal with a sheikh's company.
World Liberty Financial has launched a new stablecoin USD1, which will be backed by short-term U.S. Treasury bonds and other assets at a 1:1 ratio to the U.S. dollar. It is also worth noting that Donald Trump himself had cryptocurrency used on platforms featuring his brand's products. His wife Melania also introduced her meme coin $Melania. Additionally, Trump announced the creation of a cryptocurrency reserve, including various digital assets.
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