Trump hints at a new plan to make the US ‘crypto capital’ of the planet, after revealing a new DeFi platform and NFT project.
Republican presidential nominee Donald Trump is promoting the Trump Organization’s newly rebranded crypto platform, now called “World Liberty Financial,” previously known as “The DeFiant Ones.”
In a post to his 90 million followers on X, the former president shared a video with a voiceover stating, “This afternoon, I’m laying out my plan to ensure that the United States will be the crypto capital of the planet.
They want to choke you.
They want to choke you out of business.
We’re not going to let that happen.”
It was unclear who Trump was referring to with “they,” and a spokesperson for his campaign did not respond to inquiries from CNBC regarding the announcement, the outlet reported.
In his post, Trump tagged a verified X account named “World Liberty Fi,” which has over 20,000 followers and has been active since August 22.
The project also involves Trump’s sons, Donald Trump Jr. and Eric Trump.
Eric expressed excitement about the launch in a post on X, saying, “A new era in finance is here!”
The crypto project’s Telegram channel has also been renamed to World Liberty Financial and had more than 52,000 subscribers as of Thursday morning, with numbers continuing to grow.
This announcement came just a day after Trump introduced a new series of his NFT trading cards.
Like the crypto platform, the non-fungible tokens (NFTs) are a private venture by the Trump family in the digital currency arena and are not officially linked to Trump’s presidential campaign.
However, the campaign and these private businesses align closely, as the NFTs and the crypto platform are marketed as part of Trump’s political brand and targeted towards his supporters.
For Trump, these private crypto ventures present a chance to gain support from crypto voters and donors while also generating revenue.
He has positioned himself as the pro-crypto candidate for president, delivering increasingly positive messages about the industry.
As a result, he has received donations and endorsements from the crypto community, with the Trump campaign reporting a total of $25 million raised from crypto-related sources, per CNBC news.
However, it’s important to note that CNBC also claims that it has not independently verified this amount.
Recently, Kamala Harris proposed raising the taxes on crypto capital gains to 28% before flipping to a ‘supportive nature’ of the community.
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Other Crypto-Politics News Today
A famous crypto found now sends a warning if Harris is elected, calling it the ‘death of [the] American cryptocurrency industry’.
Charles Hoskinson, the founder of the cryptocurrency Cardano (ADA), believes that a victory by Democratic nominee Kamala Harris in the November 2024 US presidential election would be bad news for the country.
Hoskinson expressed his concerns on the social media platform X, stating that he fears a Harris presidency could be devastating for the crypto industry in the United States.
In Hoskinson’s opinion, a victory by former president Donald Trump would be better for the crypto industry compared to a Harris presidency.
He seems to believe a Trump administration would be more favorable towards the crypto sector in the US.
“It’s clear that if Trump wins, Kennedy will be part of his administration, we will get justice for the egregious covid policy, and the United States will be pro crypto.
I truly hope we get to see that day.”
What will happen to crypto if Kamala Harris is elected?
The alternative is a bleak and dystopian America with state sponsored censorship, mega corporations running all US policy, the death of the American cryptocurrency industry, and endless wars,” says Hoskinson.
The Cardano founder did not provide detailed reasons or evidence to support his assertion that a Harris presidency would be detrimental to the crypto industry.
His statement appears to be his personal political opinion on the potential impacts of the 2024 election outcome on the crypto ecosystem in the United States.
“We must all fight for the future and embrace every advantage we can find.
The world is at a crossroads like it was in the 20th century between the darkness of totalitarianism and those who believe in freedom.
This decade will decide where humanity goes.
I’ve made my decision, and if Trump is elected, I’ll work hard with the administration to help heal America.
If Harris is elected, we’ll do our best to survive and thrive as we will all be excluded from any meaningful voice.
One election can not break us as long as we keep the fires of liberty in our hearts.“
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