Former President Donald Trump is expected to announce the launch of a new cryptocurrency platform, World Liberty Financial, on September 16 at Mar-a-Lago. The venture will be managed by Trump’s sons, Donald Trump Jr. and Eric Trump, with Barron Trump, 18, identified as the project's "DeFi visionary." The announcement comes as Trump seeks to establish the U.S. as the global leader in crypto. Critics warn that the platform could blur personal and public interests. World Liberty Financial plans to allocate 70% of its tokens to insiders, with the rest available to the public.
Category
🗞
NewsTranscript
00:00It's Benzinga, and here's what's on the block.
00:03Former President Donald Trump is expected to announce the launch of a new cryptocurrency
00:06platform, World Liberty Financial, on September 16th at Mar-a-Lago.
00:11The venture will be managed by Trump's sons, Donald Trump Jr. and Eric Trump, with Barron
00:15Trump, 18, identified as the project's DeFi visionary.
00:19The announcement comes as Trump seeks to establish the U.S. as the global leader in crypto.
00:24Critics warn that the platform could blur the line between personal and public interests.
00:29World Liberty Financial plans to allocate 70% of its tokens to insiders, with the rest
00:33available to the public.
00:34For all things money, visit Benzinga.com.