Official announcements from World Liberty Financial and major financial news outlets

Trump Launches World Liberty Financial Crypto Project Amid Political Divides and Funding Race with Harris

Sep 17, 2024, 01:01 PM

Donald Trump has launched a new cryptocurrency project named World Liberty Financial, which aims to drive the mass adoption of stablecoins and decentralized finance. The project includes offerings like smart contract-enabled credit and a USD stablecoin. Trump's move into the crypto space marks a significant shift from his previous stance, where he referred to cryptocurrencies as a scam. The launch of this project has sparked political debate, with Trump accusing Democrats of hindering the U.S. from becoming a global crypto leader. According to TD Cowen, the political implications of this project are significant, as it could deepen political divides if Trump wins the upcoming presidential election. The project is also seen as part of a broader funding race with Kamala Harris, who has taken a more cautious stance on digital assets. World Liberty Financial aims to "make crypto and America great."