Donald Trump Reveals Launch Date for Family Crypto Venture
Trump said the WLF project is embracing the future while moving away from "slow and outdated big banks."
Republican presidential candidate Donald Trump on Thursday declared that his family’s crypto venture, World Liberty Financial (WLF), is set to launch on Sept. 18.
“Join me live on Twitter spaces at 8pm, Sept., 16 for the launch of World Liberty financial,” he said in a video posted to X. “We’re embracing the future with crypto, and leaving the slow and outdated big banks behind.”
Trump’s sons, Donald Trump Jr. and Eric Trump, have been teasing the upcoming crypto venture for a while. However, the rollout faced delays due to scams misleading supporters to fake websites and the hacking of other Trump family members’ social media accounts .
WLF to Reveal Project at Live Event from Trump’s Mar-A-Lago
Meanwhile, WLF announced via its official Telegram channel that the project’s announcement will occur live from Donald Trump’s Mar-A-Lago residence.
“Get ready as we unveil our plan to Make Finance Great Again,” the team said. “This is a landmark event you won’t want to miss!”
Earlier, the team revealed that the project intends for US-pegged stablecoins to serve as the global settlement layer for the next century. It has partnered with security firms like Tokyo, Fuzzland, Peckshield and BlockSecTeam, which have reviewed the project’s code.
Additionally, the project aims to build a decentralized financial system using Aave’s non-custodial lending platform.
Trump’s Crypto Vision Faces Challenges As Experts Warn WLF Must Innovate
However, experts highlight challenges for WLF in gaining traction , as established stablecoins like USDC and USDT already have strong liquidity, community support and trust. WLF will need to offer superior features to stand out.
Trump has made cryptocurrency, especially Bitcoin, a key focus of his 2024 election campaign. He envisions the US becoming the global leader in cryptocurrency , aiming to make it the world’s “crypto capital” and Bitcoin superpower.
To support this, Trump plans to create a national Bitcoin stockpile, ensuring the US government holds onto all current and future Bitcoin assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Famous Influencer Burned 60 Percent of This Memecoin’s Total Supply in a Flash
One of the most famous influencers in the cryptocurrency world has decided to burn more than half of the supply of a memecoin.