"Crypto is the rare instance, where the difference in election outcome could determine the destiny of the industry," a Wall Street analyst said.

The sale of a new cryptocurrency backed by former U.S. president Donald Trump has sent the bitcoin price and crypto market sharply higher—as Trump's odds of retaking the White House next month

Trump's new crypto venture World Liberty Financial (WLF) has drawn criticism and skepticism from those in the industry.

It has hardly been a month since presidential candidate Donald Trump started hawking digital tokens in something called World Liberty Financial, a loosely defined lending business that mimicked some of the more spectacular failures of the last crypto bubble.

In the crypto company, Donald Trump is the "chief crypto advocate," and Eric, Barron and Donald Trump Jr. are "Web3 ambassadors."

Donald Trump, along with his sons, has launched a new crypto project called World Liberty Financial (WLF). The company launched a token sale on Tuesday, with the goal of raising $300 million. Twenty-four hours later,