Donald Trump and his sons launched 'World Liberty Financial', a decentralized blockchain lending platform, during a live X Spaces forum. The platform aims to democratize finance and provide easier access to loans for people without access to traditional banking.
Donald Trump is the crypto community’s preferred candidate for president, but that doesn’t mean digital asset enthusiasts were impressed with his family’s official foray into the $2 trillion business, Fox Business has learned. After weeks of teasing an official cryptocurrency project, the GOP presidential nominee took to the social media platform X Monday night in a live Spaces forum alongside sons Don Jr.
What I think we’re doing here is really a game-changer," Trump Jr. said on the call Monday night. "This is the start, I think, of a financial revolution." However, details about the venture turned out to be thin; many seasoned crypto participants interviewed by Fox Business came away unimpressed by what they heard and skeptical about whether the project’s business model could work.
If the call did anything, it dispelled speculation that Barron Trump, an 18-year-old college freshman who is said to be a crypto enthusiast, was launching a so-called meme coin with "Pharma Bro," aka Martin Shkreli, who was recently released from prison early after serving nearly five of a seven-year jail term for securities fraud.
He was particularly effusive about Barron’s role in making him a crypto convert. Barron, Trump said, "knows this stuff inside out." Speakers also floated plans to introduce a so-called non-transferable "governance" token that accredited investors can buy through the platform’s official Telegram account. This token would give investors a stake in the project and allow them to vote on future developments in a decentralized way.
Trump Cryptocurrency Blockchain Lending Platform World Liberty Financial
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