Anthony Scaramucci Calls Donald Trump's Crypto Project 'A Money Scam' That Should Be Avoided 'At All Costs'

In London, former White House Communications Director Anthony Scaramucci criticized Donald Trump's World Liberty Financial (WLFI) DeFi project during the Stellar Meridian conference. Scaramucci labeled the initiative as a 'money scam' and suggested that it serves as a revenue source for Trump through Truth Social. He expressed skepticism about whether WLFI would attract crypto-focused voters, emphasizing that serious cryptocurrency enthusiasts would not view it favorably. Despite the controversy, the WLFI token sale generated significant interest, raising $220 million in its first hour, although it faced technical issues. The project aims to raise $300 million by releasing 100 billion tokens on the Ethereum blockchain, positioning itself for governance and DeFi activities. Prominent figures in the crypto space, including Mark Cuban, have also raised concerns about Trump's motives, questioning the legitimacy of the sale. The implications of this project and its impact on the cryptocurrency industry will be discussed at Benzinga's Future of Digital Assets event on November 19.