Former President Donald Trump’s highly anticipated cryptocurrency venture, World Liberty Financial, has a launch date, and it’s coming straight from the source. In a video posted on his official X account, Trump announced the project would launch on X spaces next Monday at 8 p.m.
“We’re embracing the future with crypto and leaving the outdated and big banks behind,” the Republican presidential hopeful stated, highlighting his commitment to the digital currency space.
The announcement was quickly followed by a repost from Trump’s son, Eric, who has been vocal in his support for the decentralized finance (DeFi) project. “Crypto is the future—I’m all in,” Eric declared, adding to the growing buzz surrounding the venture.
The World Liberty Financial project was first unveiled last month on Truth Social, with Trump emphasizing his goal to empower the average American by challenging the dominance of traditional financial institutions. The team behind the venture has outlined its ambition to propel the growth of US dollar-pegged stablecoins, aiming to solidify the greenback’s position in the global financial landscape. They have also announced a collaboration with the prominent decentralized borrowing and lending platform, Aave.
However, the project has not been without controversy. Reports suggest that Trump might advocate for cryptocurrency-friendly regulations that could benefit World Liberty Financial, potentially creating a conflict of interest if he is re-elected.
The controversy surrounding the project’s political implications has not deterred Trump from his pro-cryptocurrency stance. His election campaigns have leaned heavily into the crypto space, with Trump vowing to transform the US into the “crypto capital of the planet.”
Democratic presidential contender Kamala Harris, while not explicitly addressing cryptocurrencies in her public speeches, has taken a different approach, engaging with key stakeholders in the industry to navigate the complex landscape of digital currencies.
As the launch of World Liberty Financial draws closer, the crypto world awaits to see how this politically charged project will unfold and its impact on the evolving landscape of digital finance.
