- Donald Trump teased a proposal to make the United States the “crypto capital of the planet” and promoted his family’s new crypto platform called “World Liberty Financial”
- The crypto platform seems to be a joint effort by Trump and his sons Eric and Donald Jr., focused on decentralized finance and digital real estate
- Trump has collected $25 million from crypto executives and groups during his 2024 presidential campaign, pledging to ban central bank digital currencies, create a national crypto reserve, and not sell seized crypto assets
Donald Trump has teased a proposal to transform the United States into the “crypto capital of the planet” and promote his family’s new crypto platform “World Liberty Financial.”
Trump Promotes New Crypto Project
On Thursday, Trump said on social media, “This afternoon, I’m laying out my plan to ensure that the United States will be the crypto capital of the planet. They want to choke you out of business. We’re not going to let that happen.”
Trump shared an image promoting World Liberty Financial, which has already attracted nearly 30,000 Twitter followers. Details remain scarce about the project’s purpose and direction.
Joint Family Effort Involving Trump’s Sons
The new crypto platform appears to be a joint family effort supported by Trump’s sons Eric and Donald Trump Jr.
Donald Trump Jr. recently discussed the platform’s rationale, saying, “I think there has been a lot of inequality in that only certain people can get financing. This notion of decentralized finance is obviously very appealing to guys like me who have been de-banked.”
On Wednesday, Eric Trump said, “Excited to announce the launch of @WorldLibertyFi! A new era in finance is here.”
Trump’s Crypto Fundraising and Policy Plans
Trump has aggressively fundraised from the crypto industry during his 2024 presidential campaign. He was the headline speaker at this year’s Bitcoin Conference in Nashville.
So far, Trump’s campaign has collected $25 million from crypto executives and groups. In return, Trump has pledged to ban central bank digital currencies, promote a national crypto reserve, and prevent the government from selling seized crypto assets.
Trump told his TruthSocial followers, “For too long, the average American has been squeezed by the big banks and financial elites. It’s time we take a stand — together.”
