Anthony Scaramucci calls Donald Trump’s crypto project “a money scam” that should be avoided “at all costs.”

Former White House Communications Director Anthony Scaramucci shouted the former president Donald Trump for engaging in “nonsense” at the former president’s inauguration World Liberty Financial (WLFI) DeFi project.

What happened: Scaramucci, who will be a keynote speaker at Benzinga’s upcoming Future of Digital Assets event on November 19, told Coindesk on Tuesday at the Stellar Meridian conference in London that the GOP candidate uses WLFI and truth social as a source of income and called it “a money scam.”

According to Scaramucci, this “transparent fraud,” which investors “should avoid at all costs,” allows Trump to funnel money to other purposes. Scaramucci also questioned whether WLFI would help Trump with crypto-focused voters, saying, “There is no such thing.” Bitcoin BTC/USD Maxi, who deals with World Liberty Financial and says that’s a good quality in Donald Trump.”

Benzinga has reached out to the World Liberty Financial Project for comment and is awaiting a response.

Also read: Trump trails Harris by three points in new poll, economic worries dominate voter concerns: report

Why it matters: The launch of the WLFI token sale attracted a lot of interest, reaching $220 million in value within the first hour despite website outages. The project, which aims to raise $300 million, has released 100 billion tokens on the Ethereum ETH/USD Blockchain and positions itself as a platform for governance and DeFi activities.

Prominent figures in the cryptocurrency space including Mark Cuban And Max Keiserhave also questioned Trump’s motives behind the WLFI token sale.

Cuban, a well-known Trump critic, expressed skepticism about the former president’s decision to proceed with the sale, particularly given his ties to influential figures such as… Elon Musk.

Trump himself positioned the sale as an opportunity to “shape the future of finance.”

What’s next?: The fallout from the election and its implications for the industry are expected to be explored in depth at Benzinga’s upcoming Future of Digital Assets event on November 19th.

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