Close Menu
Innovation Village | Technology, Product Reviews, Business
    Facebook X (Twitter) Instagram
    Thursday, July 24
    • About us
      • Authors
    • Contact us
    • Privacy policy
    • Terms of use
    • Advertise
    • Newsletter
    • Post a Job
    • Partners
    Facebook X (Twitter) LinkedIn YouTube WhatsApp
    Innovation Village | Technology, Product Reviews, Business
    • Home
    • Innovation
      • Products
      • Technology
      • Internet of Things
    • Business
      • Agritech
      • Fintech
      • Healthtech
      • Investments
        • Cryptocurrency
      • People
      • Startups
      • Women In Tech
    • Media
      • Entertainment
      • Gaming
    • Reviews
      • Gadgets
      • Apps
      • How To
    • Giveaways
    • Jobs
    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Cryptocurrency»Donald Trump rolls out new Crypto project – World Liberty Financial
    Donald Trump, World Liberty Financial

    Donald Trump rolls out new Crypto project – World Liberty Financial

    0
    By Staff Writer on September 17, 2024 Cryptocurrency

    On Monday, Former President Donald Trump announced his new cryptocurrency venture, World Liberty Financial, during a live-streamed interview on the social media platform X. However, the announcement came amid an unsettling backdrop: Trump’s first public remarks about an apparent assassination attempt against him that occurred just the previous day.

    Although Trump did not delve into specific details about World Liberty Financial during the interview, the venture is expected to function as a borrowing and lending service focused on trading cryptocurrencies. Digital currencies like Bitcoin offer the promise of decentralized trading over the internet, bypassing traditional banking systems. Most exchanges charge fees for transactions, making this venture a potential game-changer in the financial landscape.

    Surprisingly, Trump pivoted from discussing his new venture to a range of topics, including artificial intelligence. This left viewers with more questions than answers about how World Liberty Financial will operate. Despite the lack of concrete information, the buzz around Trump’s venture has stirred excitement within the crypto community.

    Trump’s involvement in cryptocurrency represents a notable turnaround. During his presidency, he was outspoken against crypto, once tweeting in 2019, “Unregulated Crypto Assets can facilitate unlawful behaviour, including drug trade and other illegal activity.” However, he has recently reversed his stance, embracing the digital currency world.

    In May, Trump announced that his presidential campaign would accept cryptocurrency donations, signaling a significant shift. He even attended a Bitcoin conference in Nashville, where he pledged to make the U.S. the “crypto capital of the planet” and proposed the creation of a Bitcoin “strategic reserve” using the government’s cryptocurrency holdings.

    Crypto enthusiasts view Trump’s change of heart as a sign of legitimacy for the digital asset industry, especially if he returns to the White House. But some experts are more skeptical, suggesting that Trump’s newfound enthusiasm might be motivated by financial interests rather than a genuine belief in cryptocurrency’s potential.

    While Trump dives into the world of cryptocurrency, his political opponents appear cautious. Kamala Harris’s campaign has yet to announce any specific policies concerning digital assets. Some Democrats, however, are not ignoring the crypto community. Senators Chuck Schumer and Kirsten Gillibrand took part in a “Crypto 4 Harris” online event in August, although neither Harris nor her campaign staff attended.

    Trump’s venture into cryptocurrency through World Liberty Financial has not only stirred the financial markets but also introduced a new dimension to his political strategy. Whether this move is a sincere embrace of digital assets or a tactical financial play remains to be seen. For now, it places cryptocurrency at the forefront of the political discourse, with Trump leading the charge.

    Related

    cryptocurrency Donald Trump
    Share. Facebook Twitter Pinterest LinkedIn Email
    Staff Writer
    • Website

    I am a staff at Innovation Village.

    Related Posts

    Luno unveils Nigeria’s first-ever crypto staking service

    Telegram expands access to TON Crypto Wallet for U.S. users

    MoneyBadger secures $400K in pre-seed funding

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Copyright ©, 2013-2024 Innovation-Village.com. All Rights Reserved

    Type above and press Enter to search. Press Esc to cancel.