Trump Set to Unveil His Crypto Platform on Monday as Former President Aims to Make US a Global Leader in DeFi

Benzinga

Former President Donald Trump is expected to announce the launch of a new cryptocurrency platform, World Liberty Financial, on September 16 at Mar-a-Lago. The venture will be managed by Trump’s sons, Donald Trump Jr. and Eric Trump, with Barron Trump, 18, identified as the project's "DeFi visionary." The announcement comes as Trump seeks to establish the U.S. as the global leader in crypto. Critics warn that the platform could blur personal and public interests. World Liberty Financial plans to allocate 70% of its tokens to insiders, with the rest available to the public.

Transcript

00:00It's Benzinga, and here's what's on the block.

00:03Former President Donald Trump is expected to announce the launch of a new cryptocurrency

00:06platform, World Liberty Financial, on September 16th at Mar-a-Lago.

00:11The venture will be managed by Trump's sons, Donald Trump Jr. and Eric Trump, with Barron

00:15Trump, 18, identified as the project's DeFi visionary.

00:19The announcement comes as Trump seeks to establish the U.S. as the global leader in crypto.

00:24Critics warn that the platform could blur the line between personal and public interests.

00:29World Liberty Financial plans to allocate 70% of its tokens to insiders, with the rest

00:33available to the public.

00:34For all things money, visit Benzinga.com.

Category

Transcript

Comments

Recommended