**Trump's Crypto Venture, World Liberty Financial, Set to Launch**
Former President Donald Trump announced the launch of his crypto project, World Liberty Financial, set for Monday, Sept. 16. In a video posted on Sept. 12, Trump revealed the project, managed by his sons Donald Jr. and Eric, aims to revolutionize finance by embracing cryptocurrency and moving away from traditional banks.
World Liberty Financial promises a decentralized finance (DeFi) platform offering digital wallets, credit accounts, and opportunities to borrow, lend, and invest in crypto assets. The project also plans to introduce a nontransferable governance token and promote USD-pegged stablecoins.
Speculation suggests a partnership with DeFi protocol Aave, hinting at an Ethereum blockchain foundation. Despite Trump's strong crypto community support and promises of regulatory clarity, the project has faced mixed reactions, with some critics questioning the timing and intentions behind the launch.
Security concerns have also arisen, with recent hacks targeting Trump's family members' social media accounts and fake ads exploiting the project's hype. As the launch date approaches, all eyes are on World Liberty Financial to see if it can deliver on its ambitious promises.