Trump Aims to Make the US the Global Capital of Cryptocurrencies
Donald Trump wants to make the United States the “global capital of cryptocurrencies” by announcing a detailed plan for this project soon, most likely in connection with the World Liberty Financial project.
His sons, Donald Trump Jr. and Eric Trump, were the first to promote this DeFi project called World Liberty Financial.
Trump is seeking to attract the pro-crypto electorate, notably by promising to remove Gary Gensler, the chairman of the SEC, and by proposing the creation of a “strategic BTC reserve.”
The former United States President, Donald Trump, continues his pro-crypto campaign by announcing his intention to transform the United States into the “global capital of cryptocurrencies.”
This declaration, made on the X platform (formerly known as Twitter), represents a new form of promotion for the DeFi project highlighted by two of his sons.
Donald Trump, who is running for president again under the Republican label, unveiled his project in an enigmatic manner by mentioning that he would present a detailed plan this Thursday to position the United States at the forefront of the crypto industry. This announcement is not isolated; it is part of a series of recent actions aimed at capturing the attention of cryptocurrency supporters, an increasingly influential group of voters.
Trump also mentioned World Liberty Financial, a decentralized finance (DeFi) project that his sons, Donald Trump Jr. and Eric Trump, have actively promoted. This mention did not go unnoticed, especially since the two brothers had already created anticipation around an important crypto-related announcement a few weeks ago.
Since his appearance at the Bitcoin 2024 conference in July, Trump seems to be strengthening his interest in cryptocurrencies. At that event, he promised to remove Gary Gensler, the SEC chairman, accusing him of adopting too restrictive an approach towards cryptos. Donald Trump also proposed to create a “strategic reserve of bitcoins,” while opposing the sale of BTC by the US government.
These initiatives clearly aim to attract cryptocurrency-friendly voters, a voting bloc that could play a key role in the upcoming elections. By positioning himself as a defender of cryptocurrencies, Trump aims to differentiate himself from his competitors and establish himself as the candidate of financial innovation.
Despite the enthusiasm generated by this announcement, some areas of uncertainty remain. Just an hour before Trump’s speech, a warning message was posted on World Liberty Financial’s Telegram channel. This message cautioned against scams circulating on the platform, claiming to offer airdrops or token sales on behalf of the organization. World Liberty Financial emphasized that none of these services were currently being offered, highlighting the need for investors to remain vigilant.
The exact role Trump will play in this project remains unclear. To date, World Liberty Financial has not specified what services will be offered or how the former president might be involved in this DeFi initiative. However, the recurring mention of this company in Trump’s and his sons’ communications suggests that this project could play a central role in their strategy to enhance cryptocurrency adoption in the United States.
As Trump continues to build his image as a crypto champion, it remains to be seen whether this strategy will translate into concrete actions and a real transformation of the American financial landscape. Could the enthusiasm of Trump’s supporters turn into enough political force to make the United States the “crypto capital of the planet,” as he aspires? Or is it simply a maneuver to attract attention in an increasingly competitive electoral context?
The answers to these questions will depend largely on the details of the plan that Trump is set to unveil and the evolution of his relationship with key players in the cryptocurrency sector in the coming months.
