- Donald Trump announced the launch of his crypto project, World Liberty Financial, on September 16, with the event to be hosted on Twitter Spaces.
- The project will be built on the decentralized finance platform Aave and the Ethereum blockchain, focusing on a "credit account system."
Former U.S. President and current Republican presidential candidate Donald Trump has revealed the official launch date for his highly anticipated crypto project, World Liberty Financial. During a live video stream, Trump announced that the project will launch on September 16, encouraging supporters to join him on Twitter Spaces at 8 p.m. for the event.
"We're embracing the future with crypto and leaving the slow and outdated big banks behind," Trump said in a video shared from his official X account.
.@WorldLibertyFi pic.twitter.com/rHEGQXl4jL
— Donald J. Trump (@realDonaldTrump) September 12, 2024
The announcement follows months of teasers from the Trump family, with Donald Trump Jr. and Eric Trump first hinting at the project on August 7. According to a whitepaper reported by CoinDesk, the project will utilize the decentralized finance platform Aave and the Ethereum blockchain, centering around a "credit account system."
Trump's new support of the crypto community marks a significant shift in his stance. Earlier this year, he spoke at the Bitcoin 2024 conference, where he vowed to fire SEC Chair Gary Gensler if re-elected and to stop the U.S. from selling its 213,000 Bitcoin holdings.
World Liberty Financial is prioritizing security, partnering with industry leaders such as Zokyo, Fuzzland, PeckShield, and BlockSecTeam. These measures come after high-profile hacks targeting the X accounts of Lara and Tiffany Trump earlier this month, further highlighting the need for robust security protocols in the crypto space. Concerns about the risks associated with decentralized finance, including hacks and scams, continue to be raised by lawmakers.
Edited by Harshajit Sarmah
ALSO READ:
Harshajit Sarmah
