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Breaking: Trump Announces New Cryptocurrency Platform

Published by Tope Fakinlede on September 17th, 2024.

Breaking: Trump Announces New Cryptocurrency Platform

Donald Trump revealed a new cryptocurrency venture on Monday during a live event on X Spaces. The former president, alongside his family and associates, introduced World Liberty Financial but provided scant details about the company’s formation, funding, or services.

During the event, Trump discussed a range of topics, including a recent alleged assassination attempt and his shift from cryptocurrency skepticism to advocacy. Despite his previous criticisms of digital assets, Trump is now positioning himself as a supporter, aiming to make the U.S. a global hub for crypto with minimal regulation and a substantial national bitcoin reserve.

Trump’s sons, Eric and Donald Jr., have been actively promoting the platform, claiming it will revolutionize digital asset finance, though specific details remain unclear. This move is notable given its timing close to the November 5 election, reflecting Trump’s effort to engage with cryptocurrency enthusiasts and their investment.