Trump Partner in Crypto Venture Faces SEC Allegations

Deal lets Trump family sell $1.5 billion in crypto through a tiny company that regulators have accused of fraud

World Liberty Financial co-founder Donald Trump Jr. (left), is joined at the Nasdaq MarketSite in Times Square by Zach Witkoff, the incoming chairman of Alt5 Sigma (center) and incoming Alt5 Sigma board director Eric Trump (right). Photo by Getty

Michael Roddan

The Trump family has partnered with a father-son duo with a history of run-ins with financial regulators for a deal to sell $1.5 billion of its crypto tokens.

A biotech turned crypto company called Alt5 Sigma will sell $1.5 billion of stock and use the money to buy the crypto token created by World Liberty Financial, founded by Donald Trump Jr. and his brother, Eric.