Deniz 
Thursday afternoon, Republican presidential candidate Donald Trump revealed the official World Liberty Financial launch date—the crypto initiative his family has been hinting at for the past two months.
“Join me live on Twitter Spaces at 8 p.m. this September 16 for the launch of World Liberty Financial. We’re embracing the future with crypto and leaving the slow and outdated big banks behind.” Trump said in a video posted from his X account.
On August 7, Donald Trump Jr. and Eric Trump hinted about forthcoming DeFi and crypto announcements. CoinDesk reported on a whitepaper being worked on on Sept. 3 stating the project will be based on the Ethereum blockchain and decentralized banking platform Aave and center around a “credit account system.”
Previously critical, Trump has embraced the crypto community in his campaign for reelection this year. Speaking at the Bitcoin 2024 conference earlier this summer, he stated he would fire SEC Chair Gary Gensler should he be chosen president once more. He further declared he would forbid the United States from selling any of its 213,000 bitcoins.
Earlier this month, World Liberty Financial appointed Dolomite co-founder Corey Caplan as an advisor. Not too long later, the initiative declared it intends to promote the acceptance of stablecoins and is thus giving security top priority.
“We’re not taking any chances. We’re working with the top security experts in the world—Zokyo, Fuzzland, PeckShield, BlockSecTeam, and more,” the project stated. “Our code has been thoroughly reviewed by these industry leaders. We are utilizing best practices and making user security our primary concern.”
This happened two days following the X account hacking of Lara and Tiffany Trump, publishing regarding a coin supposedly connected with World Liberty Financial.
Earlier this week, senior Democrat of the House Financial Services Committee Rep. Maxine Waters attacked the Trump-supported cryptocurrency initiative.
“While decentralized finance, or DeFi, aims to create greater efficiencies and transparency, it can also pose enhanced risks of hacks, scams, unequal information, and conflicts of interest that can harm consumers and investors,” Waters added. “We have seen this play out in the new DeFi venture Eric Trump and Donald Trump Jr. intend to open, World Liberty Financial.”
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