Elizabeth Warren Condemns Trump-Linked WLFI Crypto Venture as ’Corruption’

Senator Elizabeth Warren has launched a scathing critique of the Trump family's involvement in the World Liberty Financial token (WLFI), labeling the venture "corruption, plain and simple." The token's fleeting valuation spike—briefly inflating the Trump family's stake to a paper worth exceeding $5 billion—underscores the volatility and speculative risks rampant in cryptocurrency markets.

WLFI's value collapsed nearly 50% within hours of its debut, plummeting from $0.46 to $0.22. Warren seized on the episode to renew calls for stringent crypto regulations, particularly targeting politicians who leverage market connections for personal gain. Her proposed ban on elected officials engaging in crypto ventures aims to curb conflicts of interest.

The episode amplifies longstanding concerns about celebrity-backed tokens and their susceptibility to pump-and-dump schemes. Unlike established assets like BTC or ETH, niche tokens such as WLFI often lack the liquidity and institutional oversight to prevent extreme price swings.