Donald Trump to Launch Crypto Project ‘World Liberty Financial’ on September 16

In a surprising shift toward decentralized finance (DeFi), former U.S. President Donald Trump announced the launch of his crypto project, World Liberty Financial, set to go live on September 16, 2024. Built on the Aave and Ethereum blockchain, the platform features a unique “credit account system” and aims to challenge traditional banking systems. Trump, who was once critical of cryptocurrencies, now promotes them as the future of finance, positioning his new venture as a disruptive alternative to conventional banking.

World Liberty Financial has already attracted attention from the crypto community, especially after Trump’s appearance at the Bitcoin 2024 conference. The project emphasizes security, partnering with firms like PeckShield and BlockSecTeam to protect user assets. Despite controversies, including a hacking incident linked to a fraudulent token, Trump remains committed to the project, viewing it as a key element of his 2024 presidential campaign. This move reflects his new embrace of DeFi and has sparked both interest and concern from various political figures, including Rep. Maxine Waters.