Key Takeaways
- Trump plans to launch World Liberty Financial, a crypto platform.
- The launch event will be streamed on X’s Spaces on Monday at 8 p.m. EDT.
- Trump has pledged to make the U.S. the 'bitcoin capital of the planet'.
Former President Donald Trump is set to announce the launch of his crypto-focused platform, World Liberty Financial, on Monday evening.
The event, advertised as a “state of crypto address,” will be streamed via X’s Spaces at 8 p.m. EDT.
In a video posted Thursday on X, Trump said:
We’re embracing the future with crypto and leaving the slow and outdated big banks behind.
He highlighted his platform’s goal to empower everyday Americans against the control of major financial institutions.
The project was teased last month on Trump’s social media platform, Truth Social, where he linked to a Telegram channel originally called “The DeFiant Ones.” The channel, now renamed “World Liberty Financial,” is billed as the “Official Trump DeFi Channel.”
Trump and BTC
Trump’s bitcoin stance marks a sharp shift from his previous criticisms, where he labeled it a “scam.” This year, however, he has embraced bitcoin and pledged to turn the U.S. into the “bitcoin capital of the planet” if he wins the presidency in November.
At a Bitcoin conference in July, Trump introduced various proposals aimed at strengthening the U.S. bitcoin industry, emphasizing,
If bitcoin is going to define the future, I want it to be mined, minted, and made in the USA.
The move reflects mounting frustration within the industry regarding the Biden administration’s regulatory approach to bitcoin, particularly under SEC Chair Gary Gensler.
