In a surprising shift, former President Donald Trump, once a vocal critic of cryptocurrency, has now embraced the digital asset space as part of his 2024 election campaign.
Trump to make U.S. the crypto capital
In a recent post on X (formerly Twitter), Trump announced to his 90 million followers that he would unveil his plan to position the United States as the global leader in cryptocurrency.
This marks a significant change in his stance, reflecting the growing influence of crypto in the political landscape.
In his post, the former president released a video featuring his voiceover, which said,
“This afternoon, I’m laying out my plan to ensure that the United States will be the crypto capital of the planet. They want to choke you. They want to choke you out of business. We’re not going to let that happen.”
About World Liberty Financial
In his post, Trump also tagged World Liberty Financial, a DeFi project that has garnered support from his sons, who have been actively promoting it.
Not only this, the video also concluded with the World Liberty Financial logo, hinting at its potential role in Trump’s broader strategy.
For those unfamiliar, Trump’s sons had previously announced plans to launch “The Defiant Ones,” a cryptocurrency platform under World Liberty Financial aimed at tackling inequality in banking access.
This platform seeks to leverage the advantages of DeFi to challenge traditional banking systems, though specific details remain under wraps.
Notably, Trump too has endorsed this initiative as part of his broader agenda.
Surprisingly, just an hour before Trump’s post, World Liberty Financial cautioned users on Telegram about potential scams, urging them to remain vigilant.
“We have been made aware of some ads circulating on Telegram claiming to be from us, offering fake airdrops or token sales. We are not doing any airdrops or selling any tokens at this time.”
Community reaction
That being said, Trump’s recent pro-crypto stance was met with widespread approval, with The ₿itcoin Therapist remarking,
“LFG Bitcoin is going to $1M.”
However, skepticism lingered among many who doubted the authenticity of Trump’s newfound crypto enthusiasm.
Source: Crypto Michael/X
Despite the skepticism surrounding Trump’s crypto initiatives, his efforts in the space are undeniable.
Most recently, he launched a fourth series of NFT digital trading cards, further solidifying his presence in the crypto world.
Polymarket trends
As expected, on Polymarket, Trump was leading the predictions with 50% support at press time, although Vice President Kamala Harris followed closely at 49%, keeping the outcome uncertain.
As the political landscape evolves, it would be interesting to see if Trump’s crypto moves shape his campaign’s direction or destroy it.
