Trump to Make the US the ‘Crypto Capital’ of the World?

• Former US president Donald Trump posted a teaser on X featuring his famous statement that he made the “US the crypto capital of the planet.”

• According to our observations, the tweet is meant to introduce his much-anticipated Decentralized Finance (DeFi) platform, World Liberty Financial. 

One of the central messages in US presidential candidate Donald Trump’s campaign has been readjusting the regulatory stance and making crypto an integral part of the US financial economy. To reiterate his stance, Trump has shared a video clip on X featuring his flagship plan of making the US the crypto capital of the world. 

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.

According to our research, the tweet, which tagged World Liberty Financial, is a recycled audio of Trump’s 50-minute speech at the Bitcoin 2024 conference in Nashville last month. However, its presentation is fixated on the intention to introduce and promote World Liberty, which is said to be a mysterious crypto business plan meant to offer high-yield opportunities. At press time, the project had gained about 30,000 followers on X. 

@worldlibertyfi pic.twitter.com/mwhVIzPJyq— Donald J. Trump (@realDonaldTrump) August 29, 2024

More on the World Liberty Financial Project Linked to Trump

Investigating the official website, worldlibertyfinancial.com, CNF noticed the metadata describing the project as “the only crypto DeFi platform supported by Donald J. Trump.” The trademark, which was filed in mid-July, hints that it is associated with DeFi. Also, the lawyer who filed the trademark papers reportedly confirmed to CoinDesk that the project relates to Trump’s Crypto ventures. 

Currently, the details about the project appear to be scant. However, Trump’s second son, Eric Trump, who is the executive vice president of the Trump Organization, posted a tweet that a big announcement would be made soon. To provide a hint, he stated emphatically that he has truly fallen in love with crypto or DeFi. 

A week later, Eric Trump provided a brief rundown on the project in an interview with the New York Post, where he mentioned that the platform would enable access to loans without the involvement of the traditional banking system. 

Essentially, over half of this country right now cannot be banked. Meaning they will be rejected for most loans from most institutions. But with this technology, they could have the ability to almost instantaneously be approved or denied from a lender based on math, not policy.

The Recent Name Change

Conversations surrounding the brand of the project have been quite confusing as Donald Trump announced on August 23 that the project is called “The Defiant Ones.” In his writing, the former US president highlighted how the banks have, over the years, taken advantage of the average Americans and financial elites. A few days later, Eric Trump announced on X that the project had been renamed World Liberty Financial. 

Trump’s commitment to the crypto industry was underscored in his speech at Nashville, where he pledged to ensure that the federal government never sells its Bitcoin holdings when elected to office. In early August, Trump also cautioned the US about the potential danger of liquidating its holdings, as we reported.  

Analysts believe that a victory for Trump and the official launch of his project could fuel the much-expected bull run of the Bitcoin price in 2025. 

At press time, Bitcoin (BTC) was trading at $59.3k after surging by 0.42% in the last 24 hours.