Why Nic Carter Walked Away From Trump Family Crypto WLFI

Crypto venture capitalist Nic Carter nearly joined World Liberty Financial, the crypto project backed by the Trump family. Carter walked away from the opportunity after a 2024 Miami meeting with cofounder Steve Witkoff. According to reports, Witkoff struggled to explain basic decentralized finance concepts and pronounced memecoin as me me coin during their discussion.

Carter, who voted for Trump in the 2024 election, stated that Witkoff had one primary goal which was launching the project before the election while Trump was still a private citizen. Carter declined the advisory role and warned that the rushed project could potentially hurt Trump during the campaign. Representatives for World Liberty Financial dispute this account, stating they never offered Carter the position.

World Liberty Financial token WLFI currently trades near 0.055 dollars, which is a significant drop from its 0.33 dollars peak on its opening day in late 2025. The project has also faced legal challenges, including a fraud lawsuit from early backer Justin Sun and a countersuit from the company. With most token supplies locked until future years and strict wallet freeze functions in place, traders continue to watch how this high profile venture manages its ongoing hurdles.