Trump’s $100 Million Crypto Funding Linked to Banned Market Maker Web3port, Raising Regulatory Concerns
Main Idea
An investigation reveals that Aqua 1, the entity behind a $100 million crypto donation to Trump’s World Liberty Financial, is linked to the banned market-maker Web3port, raising ethical and regulatory concerns over campaign finance transparency.
Key Points
1. Aqua 1, portrayed as a UAE-based investment firm, is actually a rebranded shell company controlled by Web3port founders, with no verifiable regulatory filings.
2. Web3port, expelled from multiple decentralized exchanges in 2023 for market manipulation, channeled funds through opaque wallets and offshore entities.
3. The involvement of Web3port in Trump’s crypto funding raises questions about compliance with U.S. campaign finance laws and anti-money laundering regulations.
4. World Liberty Financial has not responded to revelations connecting Aqua 1 to Web3port, amid growing scrutiny and potential regulatory violations.
5. The case highlights broader concerns about the use of crypto in campaign finance and the need for regulatory clarity to prevent illicit financial flows.
Description
Trump’s $100 million crypto war chest, initially linked to the mysterious entity Aqua 1, has been uncovered as a rebranded front for the banned market-maker Web3port. Web3port, expelled from decentralized
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