Former President Donald Trump is set to deliver a speech next Monday regarding cryptocurrency and the launch of World Liberty Financial, a crypto platform controlled by his sons Donald Jr. and Eric. This announcement comes just 50 days before Election Day, marking a unique approach to utilizing campaign time to promote a personal business venture.
In a video posted on the social media platform X, Trump expressed his enthusiasm for embracing the future with cryptocurrency and moving away from traditional banking systems. The speech is scheduled to take place at 8 p.m. EDT on Monday from his residence at Mar-a-Lago.
Throughout his presidential campaign, Trump has emphasized his vision of making the United States the “crypto capital of the planet,” sparking concerns about potential conflicts of interest given his ties to World Liberty Financial.
Cryptocurrencies, such as Bitcoin, are digital forms of currency that operate independently of traditional banking institutions. They are traded online through various platforms, often in exchange for fiat currencies like the U.S. dollar.
While Trump initially opposed cryptocurrencies during his presidency, he has since shifted his stance and now advocates for strategic government involvement in the sector. He has proposed the creation of a Bitcoin reserve and has voiced opposition to the development of a Federal Reserve-controlled Central Bank Digital Currency.
Trump's upcoming speech is expected to shed light on his evolving views on cryptocurrency and his family's venture into the crypto market. The intersection of politics and business in this context raises questions about the potential implications of a former president actively promoting a personal business interest during a campaign season.
