Trump Partner in Crypto Venture Faces SEC Allegations The Trump family’s latest crypto partner is a father-son duo that has had run-ins with the SEC and other regulators. Read more from @MichaelRoddan 👇 https://t.co/m1RaKoP6gl
BREAKING: SEC INVESTIGATING PRESIDENT OF WORLD LIBERTY JON ISAAC OVER ALLEGED EARNINGS INFLATION AND SHARE SALES AT TRUMP-BACKED ALT5 SIGMA Source: @zoomerfied https://t.co/40pIVkAKdV https://t.co/oLjVrE7W9n
📢 𝐉𝐔𝐒𝐓 𝐈𝐍: 'Trump Partner in Crypto Venture Faces SEC Allegations'- The Information - $ALTS
In the past week, the Trump family's crypto firm, World Liberty Financial (WLFI), acquired 84.5 Wrapped Bitcoin (WBTC) valued at $10 million and 1,911 Ethereum (ETH) worth $8.6 million, expanding its holdings in major cryptocurrencies. WLFI is involved in a broader crypto venture, including a partnership with ALT5 Sigma, a startup run by a father-son duo with a history of regulatory issues. The Securities and Exchange Commission (SEC) has launched an investigation into Jon Isaac, president of ALT5 Sigma and a key figure in the Trump-backed $1.5 billion World Liberty Vehicle project. The probe centers on allegations that Isaac inflated earnings and engaged in share sales during pump transactions linked to ALT5 Sigma. This development adds regulatory scrutiny to the Trump family's expanding involvement in the cryptocurrency sector.