In a livestream interview on X, Trump introduced his new company, World Liberty Financial, noting that the management of this cryptocurrency company would be entrusted to his children, with Don Jr. occupying a leading role in the company.
Trump unveils new crypto venture https://t.co/jyJUbPfjKI
— Axios (@axios) September 17, 2024
Trump thus seems to have changed his mind about digital currencies, which he had previously strongly criticized during his presidential term.
In 2019, he tweeted several times on the subject, stating in particular that he was not a fan of Bitcoin or other cryptocurrencies, which he considered not to be money and whose value is extremely volatile and speculative.
I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity….
— Donald J. Trump (@realDonaldTrump) July 12, 2019
He also argued that cryptocurrencies could facilitate illegal activities such as money laundering and terrorist financing.
According to Trump in 2019, the United States has a strong currency, with the dollar being the world’s stable and reliable reserve currency.
Trump has changed his stance and now expresses enthusiasm for the future of cryptocurrencies.
With the help of his sons and partners, led by Don Jr., he now presents cryptocurrencies as a means of achieving financial independence from traditional banks, which he and his family believe are biased towards conservatives.
According to Don Jr. during the livestream, World Liberty Financial was conceived as a lending and borrowing service designed to simplify crypto-currency transactions, offering a path to financial emancipation.
Will you place your trust in Trump for your cryptocurrency transactions?