Trump Announces Launch of World Liberty Financial: ‘We’re Embracing the Future with Crypto’
Donald Trump revealed that his crypto project, World Liberty Financial, will officially launch on September 16, marking a major pivot towards decentralized finance.
Key points:
- Launch date: World Liberty Financial goes live on September 16, 2024.
- Platform: Built on the Aave and Ethereum blockchain.
- Focus: A “credit account system” is central to the project’s DeFi design.
- Security: Collaborating with top security firms like PeckShield and BlockSecTeam.
- Trump’s crypto stance: Formerly critical, Trump is now all-in on DeFi.
Trump Embraces Crypto with World Liberty Financial Launch:
In a surprising move, former U.S. President Donald Trump has shifted his stance on cryptocurrencies, announcing the launch of World Liberty Financial, a decentralized finance (DeFi) project, set for September 16, 2024.
The project, teased for months by his family, aims to disrupt traditional banking by embracing blockchain technology.
The project will be built on the Aave and Ethereum platforms, incorporating a unique “credit account system.”
Trump, who once criticized crypto, now touts it as the future, positioning his new venture as an alternative to outdated banking systems. “We’re leaving the slow and outdated big banks behind,” he said in a video posted on X (formerly Twitter).
World Liberty Financial has already drawn attention from the crypto world, especially after Trump’s appearance at the Bitcoin 2024 conference.
His newfound support for decentralized finance marks a significant shift from his previous skepticism. The project will also prioritize security, working with firms like PeckShield and BlockSecTeam to safeguard user assets.
Read more: Trump’s DeFi Lending Play—Here’s the Scoop
The announcement follows recent controversies, including the hacking of Trump family X accounts, which falsely linked them to a fraudulent token.
Despite this, Trump’s team is pressing forward, viewing World Liberty Financial as a key component in his presidential reelection campaign.
Republicans and critics alike are watching closely, with some, like Rep. Maxine Waters, raising concerns about the risks DeFi poses to consumers.
