VC Nic Carter declined Trump family crypto venture after cofounder Steve Witkoff couldn't pronounce 'memecoin'
Longtime venture capitalist Nic Carter revealed he declined to invest in the Trump family's crypto venture, World Liberty Financial, after cofounder Steve Witkoff demonstrated a lack of basic crypto knowledge by being unable to pronounce the word 'memecoin'. Carter, a prominent figure in the crypto venture capital space, cited Witkoff's limited understanding of the cryptocurrency industry as a key factor dissuading him from participating. The incident highlights concerns about the depth of expertise behind high-profile crypto projects associated with political figures. The article, published by Fortune on July 27, 2026, underscores ongoing scrutiny of the Trump family's involvement in the cryptocurrency sector and the importance of foundational knowledge in the industry.
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