World Liberty Financial: Donald Trump Unveils Crypto Business, Offers Little Detail
Trump has embraced digital assets during his re-election campaign.
Photo Credit: Reuters
Trump has been looking to court VDA advocates and their dollars ahead of elections
Highlights
- The official X handle of the initiative is @worldlibertyfi
- The project, while launched, has not been made live as yet
- The project will reportedly offer crypto services on Ethereum blockchain
Donald Trump on Monday offered few details about a new cryptocurrency business that the Republican former president, his family and associates unveiled in a live event on X Spaces.
Trump engaged in a wide-ranging discussion that touched on the second apparent assassination attempt against him on Sunday and his shift from being a cryptocurrency skeptic to embracing it.
But neither he nor his family provided much detail about the business – World Liberty Financial – including how it was formed, financed or what services it would provide.
- Central Bank Digital Currency Momentum Shows Growth, Study Shows
It is unusual for a presidential candidate to launch a new business so close to an election, but Trump has been looking to court digital asset advocates and their dollars ahead of Election Day on November 5.
After previously deriding cryptocurrencies as a scam, Trump has embraced digital assets during his re-election campaign, promising to make the United States the “crypto capital of the planet” with light-touch regulation and a national stockpile of bitcoin.
Trump's two eldest sons, Eric and Donald Jr, have promoted the project in recent weeks, promising it will "transform" the world of digital asset finance, without elaborating.
- WazirX’s Moratorium Plan Faces Backlash, Backed by Just 441 Users
© Thomson Reuters 2024
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)