Donald Trump plans to unveil plans to make the United States a global leader in the crypto sector with a potential collaboration with the World Liberty Financial Project.
Former President Donald Trump announced yesterday – August 29 – his intention to unveil a comprehensive plan to make the United States the “global capital of crypto” as he put it, and the announcement published by Trump on his official account on the X platform included a 17-second video in which he reviews the strategy he plans to unveil.
.@worldlibertyfi pic.twitter.com/mwhVIzPJyq
— Donald J. Trump (@realDonaldTrump) August 29, 2024
In his post, Trump referred to World Liberty Financial, one of the new DeFi projects currently being promoted by his sons, and the video ended with the World Liberty Financial logo implying a possible role for the project in Trump’s future plans.
World Liberty Financial’s Potential Role
The reference to World Liberty Financial is a sign that the new crypto project in the decentralized finance sector may play a key role in Trump’s proposed strategy, and Donald Trump’s sons had previously announced plans to launch a new crypto platform with World Liberty Financial aimed at addressing the issue of not everyone having access to necessary banking services. The platform, dubbed “The Defiant Ones”, seeks to leverage the benefits of decentralized finance (DeFi) in order to counter the traditional banking system and its lack of financial inclusion, without revealing additional details.
DJT: For too long, the average American has been squeezed by the big banks and financial elites. It’s time we take a stand—together. #BeDefiant https://t.co/DuEtfRfrjt pic.twitter.com/txPz5FVSsK
— Donald Trump Jr. (@DonaldJTrumpJr) August 22, 2024
For his part, Donald Trump announced his support for The Defiant Ones project as part of his general orientation, about an hour before the former president launched his post, the World Liberty Financial project issued a warning through its official Telegram channel urging users to be wary of fraud, and the warning message read: “There are ads circulating on Telegram claiming to be issued by us, and talking about false free distributions of currency or sales of it,” the message added: “We do not conduct any free distribution or sale activities for any currency currently.”
The Trump family turns to support the cryptocurrency sector
This “sudden” family interest in the crypto sector coincides with Donald Trump’s recent shift towards the issue. Previously, Trump saw Bitcoin (Bitcoin-BTC) as a “fraud,” but recently toned down his stance; on June 14, he announced that if elected president, he would end the Biden administration’s “hostile campaign toward the crypto sector,” and Trump had previously publicly criticized Biden for his anti-industry approach, stressing that the United States should seek to become a cryptocurrency leader.
On the other hand, the Democratic candidate-in-waiting, Kamala Harris, has remained silent about her stance on digital finance systems, as observers point out that her affiliation with the current administration of President Biden – which has a tough approach to regulating digital assets – may hinder her attempts to build bridges that enable her to win the trust of crypto communities. However, recent reports point to a possible opening on its part to the potential adoption of the sector.
Read also :Big Bitcoin whales put market on brink amid potential massive sales
COIN: Bull or Bear Market?
Don’t miss the next big opportunity! Stay ahead of the curve with ProPicks as you get 6 model wallets powered by AI picks for stocks with excellent performance this year.
In 2024 alone, ProPicks’ AI identified two stocks that jumped more than 150%, 4 additional stocks jumped more than 30%, and another 3 stocks that jumped more than 25%. This is a proven track record.
With portfolios specifically designed to follow Dow Jones, S&P, technology and mid-cap stocks, you can explore different wealth building strategies.
So if your COIN stock is on your watchlist, it can make a lot of sense to know if it’s on ProPicks lists.
