- Project Announcement and Expert Opinions
- Criticism from Charles Hoskinson
- Potential Challenges and Future of the Project
US presidential candidate Donald Trump, who has promised to make the US “the world's Bitcoin superpower”, is actively working on the cryptocurrency sector. One of these initiatives is the new DeFi project called World Liberty Financial (WLFI), which he launched last week.
Project Announcement and Expert Opinions
The new DeFi project World Liberty Financial, owned by Donald Trump and his sons, has received both praise and criticism from the industry. The project promises to leave behind “slow and outdated big banks,” but full details have not yet been released. Additionally, 63% of the WLFI token supply will be publicly available.
Criticism from Charles Hoskinson
Cardano (ADA) founder Charles Hoskinson has expressed concerns about the new project backed by Trump and his sons. Speaking to the Financial Times, Hoskinson warned that the new DeFi platform linked to Trump could be “frightening” for the crypto industry.
Potential Challenges and Future of the Project
Hoskinson added that he doubts that Trump and Harris, who are candidates in the US elections, will create a strong cryptocurrency industry in the country. Another critic of the WLFI project was SEC member Mark Uyeda, who took a cautious approach to the DeFi project, stating: “If I were talking to President Trump or any other crypto entrepreneur, I would tell them to get good lawyers.”
Trump's World Liberty Financial project has sparked intense discussions in the industry, receiving criticism from prominent figures. The project may face a variety of regulatory and political challenges in the future.
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