In a move that has sparked controversy, former President Donald Trump plans to deliver a speech next Monday about cryptocurrency and the launch of his sons’ company, World Liberty Financial. This crypto platform, controlled by Donald Jr. and Eric Trump, is set to be the focus of the speech, coming a mere 50 days before Election Day.
This move is raising eyebrows, as it represents an extraordinary use of valuable campaign time to promote a personal business venture. Trump has a history of intertwining his political and business interests, having previously marketed sneakers, photo books, and Trump-branded Bibles during his 2024 campaign.
In a video posted Thursday to X, the social media platform where the speech will be held, Trump proclaimed, “We’re embracing the future with crypto and leaving the slow and outdated big banks behind.” The address will take place from his Mar-a-Lago home on Monday at 8 p.m. EDT.
Trump’s campaign has made a bold promise to turn the United States into the “crypto capital of the planet.” However, this pledge has raised concerns that he might utilize the power of the federal government to support a business connected to his family, leading to potential conflicts of interest.
Cryptocurrencies are digital forms of money traded over the internet, bypassing traditional banking systems. These transactions typically occur on online marketplaces that charge fees, allowing the conversion of cryptocurrencies into U.S. dollars and other currencies.
Despite opposing crypto during his presidency, Trump’s stance has shifted. He has suggested the government establish a strategic reserve of Bitcoin and has vowed to block the creation of a Federal Reserve-administered Central Bank Digital Currency, a digital form of central bank money available to the public.
Trump’s speech on Monday will provide further insight into his evolving views on cryptocurrency and his family’s involvement in the burgeoning crypto sector, potentially influencing the ongoing political discourse surrounding this complex and rapidly evolving technology.
