Donald Trump to Make the US 'crypto Capital of the Planet'
Former President Donald Trump has set his sights on transforming the United States into the leading hub for all things crypto with his recent announcement on August 29.
Revealed through a post on his official X account, Trump teased a comprehensive plan designed to establish the US as the ‘crypto capital of the planet’ in a short 17-second video clip.
world Liberty Financial's Potential Role
The video also featured a tag to world Liberty Financial, a DeFi project that has been actively promoted by Trump's sons.
The inclusion of the world Liberty Financial logo at the end of the video hints at the potential involvement of the DeFi project in Trump's broader crypto agenda.
Donald Trump’s sons have even announced plans to launch a new cryptocurrency platform called "The Defiant Ones" in partnership with world Liberty Financial to address banking access inequalities.
This platform aims to utilize DeFi technology to disrupt the conventional banking system, although specific details about its operations have yet to be disclosed.
Donald Trump himself has thrown his support behind "The Defiant Ones" project as part of his larger crypto strategy, signaling a family-wide support for the crypto space.
Notably, world Liberty Financial issued a warning on its telegram channel about potential scams circulating on the platform, urging users to stay vigilant against fraudulent schemes.
Trump Family Goes Pro crypto
This shift towards crypto within the Trump family aligns with Donald Trump's recent change in position on cryptocurrencies.
While he had previously dismissed bitcoin as a "scam," Trump has softened his stance, promising to end the Biden administration’s aggressive approach towards crypto if elected president.
Trump has advocated for the US to assert its dominance in the crypto industry, critiquing Biden's strict crypto regulations and positioning himself as a pro-crypto figure.
In contrast, Democratic nominee Kamala Harris has remained relatively silent on the issue of digital currencies, potentially due to her ties to the Biden administration's regulatory stance on crypto.
However, there are indications that Harris may be open to embracing cryptocurrencies, especially considering the significant influence digital assets have on swing state voter preferences.
With nearly 20% of swing state voters viewing digital assets as a crucial issue, both Donald Trump and Kamala Harris' positions on crypto could impact the outcome of the upcoming election.
Current betting odds on Polymarket show a tight race between Kamala Harris and Donald Trump, with both candidates tied at 49%, highlighting the uncertainty surrounding the next US president's stance on cryptocurrency.
