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Attention in the cryptocurrency market has turned to the statement that US presidential candidate Donald Trump will make today. Trump announced that he will announce his plan to make the US “the crypto capital of the planet” this afternoon.
US presidential candidate Trump shared a video from his account with 90 million followers on the X platform, tagging the “worldlibertyfi” account. In the video, he said, “This afternoon, I will announce my plan to make the United States the crypto capital of the planet. They want to strangle you, take your jobs. We will not let that happen.” This post received over 5.6 million views in a few hours.
Donald Trump’s Mysterious DeFi Project: World Liberty Financial
The @worldlibertyfi account tagged in Trump’s post belongs to a DeFi project called World Liberty Financial, which has been frequently promoted by Trump’s sons recently. However, there is very little information about World Liberty Financial yet. The mystery about this project continues on the Telegram channel, which is directed from the X account and has more than 55 thousand subscribers.
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Trump’s Changing Attitude Towards Crypto
Trump, who has taken a stance against Bitcoin and cryptocurrencies throughout his term in office, said in 2019 that Bitcoin and other cryptocurrencies “have no value” and could facilitate illegal activities. However, Trump, who adopted a different stance in the 2024 election campaign, promised that the future of Bitcoin and cryptocurrencies would take shape in the US and make the US a “Bitcoin capital”.
In addition, Trump has released many NFT collections to date and has earned millions of dollars in income from these collections. The details of this new crypto plan will allow us to better understand Trump’s changing approach to crypto and its potential impacts on crypto regulations in the US.
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