New Trump-hyped crypto project set to launch tonight
A crypto project tied to the Trump family will launch this evening, according to former President Donald Trump, who said that World Liberty Financial is scheduled for a Monday-evening debut.
Talk of the project — which has been heavy on hype but light on details — suggests WLF is some sort of DeFi platform complete with its own token. Reporting from CoinDesk suggests that project insiders will receive a whopping 70% of the token's allocation.
"Join me live on Twitter Spaces at 8pm this September 16 for the launch of World Liberty Financial," Trump said in a message posted to X. "We're embracing the future with crypto, and leaving the slow and outdated big banks behind."
Members of the Trump family, including Donald Trump's sons and even the former president himself, have promoted WLF over the last month.
As Trump's leaned into bitcoin on the presidential campaign trail (and with his own “crypto president” NFTs), some experts have called out a potential conflict of interest. Essentially, the would-be second term president is pushing pro-crypto positions while potentially standing to benefit from them financially.
Still, it remains unclear just what exactly WLF actually is. If it goes ahead, a launch may help to clear up the remaining and persistent confusion.
"Join me live on Twitter Spaces at 8pm this September 16 for the launch of World Liberty Financial," Trump said in a message posted to X. "We're embracing the future with crypto, and leaving the slow and outdated big banks behind."
Members of the Trump family, including Donald Trump's sons and even the former president himself, have promoted WLF over the last month.
As Trump's leaned into bitcoin on the presidential campaign trail (and with his own “crypto president” NFTs), some experts have called out a potential conflict of interest. Essentially, the would-be second term president is pushing pro-crypto positions while potentially standing to benefit from them financially.
Still, it remains unclear just what exactly WLF actually is. If it goes ahead, a launch may help to clear up the remaining and persistent confusion.
