Donald Trump is set to launch a new cryptocurrency initiative. He announced the new plan on his platform Truth Social. America’s News Desk reports:
World Liberty Financial, the cryptocurrency platform of former President Trump, is reportedly scheduled to be launched on Monday in an address from Mar-a-Lago.
The video also promoted the launch as a “state of crypto address” with the Republican presidential nominee, and it is scheduled to occur on X’s Spaces at 8 p.m. EDT on Monday.
In a post on his personal social media platform, Truth Social, last month, Trump hinted at the crypto initiative.Trump has embraced the crypto industry in this election, despite previously denigrating it as a “scam.”
He has since pledged to establish the United States as the “crypto capital of the planet” if he is reelected in November.
.@WorldLibertyFi pic.twitter.com/rHEGQXl4jL
— Donald J. Trump (@realDonaldTrump) September 12, 2024“We’re embracing the future with crypto and leaving the slow and outdated big banks behind,” Trump announced a video he posted to his X account.
Similar to how X is disrupting the media industry, cryptocurrencies disrupt the antiquated banking system. While crypto is a small issue in the overall campaign, it could still speak to larger issues such as overregulation and the state of the economy.
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