“Trump presented a crypto project and calls on the US to dominate this field. Donald Trump presented the crypto platform World Liberty Financial, which he promotes together with his sons. The former president has changed his stance on cryptocurrencies and now promises to make the US the “crypto capital of the planet.””, — write on: unn.ua
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The project, called World Liberty Financial, will be part of the segment of decentralized finance in digital assets and should promote financial security and free transactions, Donald Trump Jr. said on X Spaces live on Monday.
“It’s a real problem that needed to be addressed, and frankly, I think it’s the right way to go,” Trump Jr. said after his father’s comments. The presentation of the project took place the day after the former president was unharmed in a second assassination attempt that rocked the presidential campaign.
The Republican candidate is eyeing the digital asset sector for donors and support amid a tense race for the White House, promising to make the US the “crypto capital of the planet.” This is a radical change of position, considering that he previously called Bitcoin a “scam”.
Speaking about the goal of becoming a major crypto hub, Donald Trump said: “If we don’t, China will. China is already doing it. But if we don’t, we’re not going to be the biggest, we’ve got to be the biggest and the best.”
Trump Jr. and his brother Eric have been heavily promoting World Liberty Financial on X and Telegram in recent weeks. Decentralized finance — or DeFi — is a complex segment of cryptocurrencies where people exchange, borrow, and lend digital assets using automated software without intermediaries.
“These efforts are consistent with Trump’s position in support of cryptocurrencies,” said Duke University finance professor Campbell Harvey. “It’s one thing to declare your support for cryptocurrencies, it’s another thing to launch a company in this field.”
The former president’s profile could draw more attention to DeFi, whose proponents often claim efficiency gains by cutting out traditional intermediaries such as banks. However, critics say the sector is in a regulatory gray area and prone to hacking attacks, which is a big problem for cryptocurrencies in general.
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