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The Independent UK
The Independent UK
National
Rhian Lubin

Eric Trump will no longer serve as board director of cryptocurrency firm

Eric Trump Barron Trump Cryptocurrency Crypto Nasdaq
  • Fintech firm Alt5 Sigma announced in August that Eric Trump would join its board of directors.
  • This announcement coincided with Eric Trump ringing the Nasdaq opening bell to mark a $1.5 billion crypto deal between Alt5 Sigma and World Liberty Financial, a company financially backed by the Trump family.
  • An August 25 Securities and Exchange Commission filing revealed Eric Trump was demoted to a board observer, a change made after discussions with Nasdaq to comply with its listing rules.
  • The Trump family, including Eric, Donald Jr., and Barron Trump as co-founders, launched the WLFI cryptocurrency on September 1, holding approximately a quarter of all existing tokens.
  • Concerns have been raised regarding potential conflicts of interest, though a White House Press Secretary stated that neither Trump nor his family would engage in such conflicts.

IN FULL

Eric Trump booted from cryptocurrency board after company talks with stock regulators

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