Trump stays silent on World Liberty Financial – What’s going on?

• Trump didn’t share updates on World Liberty Financial during his post-assassination attempt interview.
• WLFI token sale will be regulated by the U.S. Securities and Exchange Commission (SEC).

A day after the second assassination attempt on Presidential candidate Donald Trump, the former president made his first public appearance on 16th September.

He participated in a high-profile interview hosted by crypto influencer Farokh Sarmad on X.

Source: Donald J. Trump/X

Trump’s livestream a failure?

Though the event was initially planned as a launch for World Liberty Financial, a new cryptocurrency platform linked to Trump’s family, the former president did not directly address the platform during the conversation. 

In fact, Trump promoted livestream as a “State of Crypto address,” but it wasn’t until 16 minutes later that he first mentioned the term.

“We’re going to make our country greater than ever before, and you’re going to be happy, and you’re going to love your crypto.” 

World Liberty Financial token in the making?

Additionally, it wasn’t until more than two hours into the livestream that Zak Folkman, one of the project’s key leaders, finally revealed, “there will be a token,” confirming the much-anticipated detail about the platform’s plans.

Folkman along with data strategist Chase Herro, also unveiled crucial updates about the WLFI token distribution strategy.

They emphasized that the token sale would be conducted under the strict oversight of the U.S. Securities and Exchange Commission (SEC), ensuring compliance with regulatory standards. 

Folkman said, 

“There have been no pre-sales and no VC, early buy-ins.” 

He added, 

 “It is just like any other DeFi project you can expect to see that’s launching now with incredibly fair token distribution.” 

Token details

Zak Folkman provided limited details regarding WLFI’s total supply but emphasized the token’s “incredibly fair distribution.” He disclosed that around 63% would be available for public sale, with no pre-sales or early discounted buy-ins for venture capitalists. 

Earlier reports, however, had suggested that 70% of the token supply would be reserved for the team.

Despite these updates, no concrete information was shared about the World Liberty Finance platform.  

Quite a difference!

This marked a stark contrast to the aftermath of the first assassination attempt two months ago—where Trump made headlines as the keynote speaker at Bitcoin Conference 2024, branding himself as the “crypto president”—this time the atmosphere was notably different.

During his 45-minute address, there was a conspicuous lack of updates regarding World Liberty Financial, leaving many to wonder about the project’s future direction. 

That being said, while Trump’s first assassination attempt had a significant impact on his Polymarket positioning, along with Bitcoin [BTC] and the MAGA memecoin, this time the market reaction has been more subdued.

Trump now holds second place on Polymarket, with Harris leading the charts.

Source: Polymarket

Bitcoin, too, has experienced a downturn, trading at $58,749, while the MAGA ( Trump-inspired memecoin) has dropped by over 7% in the past 24 hours.

As the situation continues to unfold, the question remains whether Trump will reclaim his status as the “crypto president” or if Harris will emerge as the new frontrunner.