Former U.S. President Donald Trump’s latest involvement in the crypto space comes with the launch of his decentralized finance (DeFi) venture, World Liberty Financial.
Trump’s Introduction to Crypto
With the U.S. presidential election set for November 2024, Trump reaffirmed his positive outlook on crypto at the launch, reaffirming his belief in crypto. He termed the industry as 'still young and expanding,' adding cryptocurrency is inevitable and that engagement is essential, regardless of individual views.
Launch of World Liberty Financial
On August 25, World Liberty Financial X handle went live with a message, 'It’s time to make finance great again!'—a nod to Trump’s campaign slogan. Trump officially announced his shift from traditional banking to the crypto world in a video posted on September 13.
Project Plans and Support
Trump’s sons, Eric and Donald Trump Jr., have also thrown their support behind the project, which they believe could signal the rise of a major crypto initiative. While details of the venture remain unclear, Trump emphasizes the importance of stringent regulations in the crypto industry.
Donald Trump’s activity in the crypto space highlights his confidence in the industry’s future and the importance of regulatory oversight. The new project, World Liberty Financial, will be a significant step in his initiatives.
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