VC Reportedly Rejected Trump Crypto Venture After Steve Witkoff’s Memecoin Blunder
Nic Carter reportedly almost joined World Liberty Financial (WLFI), the Trump family crypto venture. He allegedly walked away when cofounder Steve Witkoff said "memecoin" as "me-me" coins.
Carter described the 2024 Miami meeting to New York magazine. World Liberty says his account is wrong, and that it never offered him the job.
Witkoff Could not Explain the Product
Carter invests for Castle Island Ventures. He also voted for Trump in 2024. Witkoff wanted him as an advisor. But Witkoff could not describe the decentralized finance (DeFi) business.
"He didn't know what crypto or DeFi was. He didn't know what the pitch was," the New York feature reported, citing Nic Carter.
Witkoff had one clear goal, Carter says. The launch had to happen before the election. That way Trump was still a private citizen.
Carter turned the role down. He warned the project could cost Trump votes. That is when Witkoff's tone hardened.
World Liberty's own Gold Paper supports part of that read. It says the sole utility of WLFI is governance. Holders get no right to any return or dividend.
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