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Prominent cryptocurrency advocates Mark Cuban and Max Keiser criticized former President Donald Trump’s move to proceed with the sale of tokens tied to his much-touted cryptocurrency project, World Liberty Financial (WLFI).

What Happened: Billionaire investor and popular face on television, Cuban stated, “I'll let this stand on its own,” while reacting to Trump’s announcement of the upcoming sale.

A known Trump critic, Cuban wondered why the Republican presidential hopeful would attempt such a thing when “he has Elon [Musk] writing him checks.”

I'll let this stand on its own https://t.co/metmpsq7kW — Mark Cuban (@mcuban) October 13, 2024

Cuban also echoed Alex Miller, CEO of Web3 platform Hiro, who described the token sale as an “obvious pump scheme.”

Just fucking shoot me

Anyone who thinks this is good for crypto, that it doesn't make us look like clowns, that it doesn't set us back YEARS in credibility….

This is such an obvious pump scheme. Maybe he won't literally rug but he's just grifting and it's pathetic pic.twitter.com/8bTGmUfLvG — Alex Miller (@alexlmiller) October 12, 2024

Furthermore, influential Bitcoin BTC/USD bull Max Keiser, who serves as the senior adviser to El Salvador President Nayib Bukele on policies regarding the leading cryptocurrency, said that Trump failed in what he described as a “Bitcoin IQ test.”

Bitcoin is an IQ test.

Trump failed. https://t.co/pAnWo4UvP6 — Max Keiser (@maxkeiser) October 13, 2024

See Also: Elon Musk-Led SpaceX Executes Successful ‘Chopsticks’ Catch of Starship Booster, Copycat Crypto Tokens Skyrocket

Why It Matters: The scathing remarks came as Trump announced that the token sale would go live Tuesday morning, deeming it a step toward shaping the future of finance.

The project aims to raise $300 million from the initial sale of the so-called WLFI token by offering 20% of the supply at a $1.5 billion fully diluted valuation

Cuban’s relationship with Trump has been marked by both cordial exchanges and public feuds. The ‘Shark’ admitted to initially supporting Trump's 2016 presidential campaign, appreciating his non-traditional political approach. However, he later criticized Trump for not making efforts to learn about key issues, leading to a fallout.

Cuban has also attacked Trump’s cryptocurrency plans, pointing out that they might backfire in the long run.

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