{"id":26803,"date":"2025-04-29T09:01:44","date_gmt":"2025-04-29T09:01:44","guid":{"rendered":"https:\/\/medexperts.pro\/?p=26803"},"modified":"2025-04-29T09:25:25","modified_gmt":"2025-04-29T09:25:25","slug":"secret-deals-foreign-investments-presidential-policy-changes-the-rise-of-trumps-crypto-firm","status":"publish","type":"post","link":"https:\/\/medexperts.pro\/?p=26803","title":{"rendered":"Secret Deals, Foreign Investments, Presidential Policy Changes: The Rise of Trump\u2019s Crypto Firm"},"content":{"rendered":"
<\/div>\n
\n
\n

The pitch from \u201cZMoney\u201d arrived on the encrypted messaging app Signal just days before Donald J. Trump\u2019s presidential inauguration.<\/p>\n

\u201cZMoney\u201d was Zachary Folkman, an entrepreneur who once ran a company called Date Hotter Girls and was now representing World Liberty Financial, the cryptocurrency firm that Mr. Trump and his sons had recently unveiled. Mr. Folkman was writing to a crypto startup in the Cayman Islands, offering a \u201cpartnership\u201d in which the firms would buy each other\u2019s digital coins, a deal that would bolster the startup\u2019s public profile.<\/p>\n

But there was a catch, The New York Times found. For the privilege of associating with the Trumps, the startup would have to make, in effect, a secret multimillion dollar payment to World Liberty.<\/p>\n

\u201cEverything we do gets a lot of exposure and credibility,\u201d Mr. Folkman wrote, asserting that other business partners had committed between $10 million and $30 million to World Liberty.<\/p>\n<\/div>\n<\/div>\n

<\/div>\n
\n
\n

The Cayman startup rejected the offer, as did several other firms that received a similar pitch from World Liberty, executives said. They considered the deal unethical, concluding that World Liberty was essentially selling an endorsement \u2014 and hiding the arrangement from the public.<\/p>\n

World Liberty\u2019s executives, who have maintained that they did nothing improper, were undeterred. They successfully pitched similar deals to other firms while also marketing their coin to buyers around the world, reaping more than $550 million in sales, with a large cut earmarked for the president\u2019s family.<\/p>\n

\n
\n
<\/div>\n
\n
\n
\n

We are having trouble retrieving the article content.<\/p>\n

Please enable JavaScript in your browser settings.<\/p>\n<\/div>\n<\/div>\n

\n
\n

Thank you for your patience while we verify access. If you are in Reader mode please exit and\u00a0log into<\/a>\u00a0your Times account, or\u00a0subscribe<\/a>\u00a0for all of The Times.<\/p>\n

\n<\/div>\n
\n
\n

Thank you for your patience while we verify access.<\/p>\n

Already a subscriber?\u00a0Log in<\/a>.<\/p>\n

Want all of The Times?\u00a0Subscribe<\/a>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The pitch from \u201cZMoney\u201d arrived on the encrypted messaging app Signal just days before Donald J. Trump\u2019s presidential inauguration.\u201cZMoney\u201d was Zachary Folkman, an entrepreneur who once ran a company called Date Hotter Girls and was now representing World Liberty Financial, the cryptocurrency firm that Mr. Trump and his sons had recently unveiled. Mr. Folkman was writing to a crypto startup in the Cayman Islands, offering a \u201cpartnership\u201d in which the firms would buy each other\u2019s digital coins, a deal that would bolster the startup\u2019s public profile.But there was a catch, The New York Times found. For the privilege of associating with the Trumps, the startup would have to make, in effect, a secret multimillion dollar payment to World Liberty.\u201cEverything we do gets a lot of exposure and credibility,\u201d Mr. Folkman wrote, asserting that other business partners had committed between $10 million and $30 million to World Liberty.The Cayman startup rejected the offer, as did several other firms that received a similar pitch from World Liberty, executives said. They considered the deal unethical, concluding that World Liberty was essentially selling an endorsement \u2014 and hiding the arrangement from the public.World Liberty\u2019s executives, who have maintained that they did nothing improper, were undeterred. They successfully pitched similar deals to other firms while also marketing their coin to buyers around the world, reaping more than $550 million in sales, with a large cut earmarked for the president\u2019s family.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and\u00a0log into\u00a0your Times account, or\u00a0subscribe\u00a0for all of The Times.Thank you for your patience while we verify access.Already a subscriber?\u00a0Log in.Want all of The Times?\u00a0Subscribe.<\/p>\n","protected":false},"author":1,"featured_media":26805,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-26803","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/26803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26803"}],"version-history":[{"count":2,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/26803\/revisions"}],"predecessor-version":[{"id":26806,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/26803\/revisions\/26806"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/media\/26805"}],"wp:attachment":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}