{"id":353911,"date":"2024-09-23T12:51:40","date_gmt":"2024-09-23T07:21:40","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=353911"},"modified":"2024-09-23T12:51:40","modified_gmt":"2024-09-23T07:21:40","slug":"trump-says-he-is-embracing-crypto-in-launch-teaser-for-world-liberty-financial-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/trump-says-he-is-embracing-crypto-in-launch-teaser-for-world-liberty-financial-crypto-news\/","title":{"rendered":"Trump says he is \u2019embracing\u2019 crypto in launch teaser for World Liberty Financial – Crypto News"},"content":{"rendered":"
\n

Former President Donald Trump<\/a> announced that World Liberty Financial (WLFI) will officially launch next week on Sept. 16 during a live stream on X (formerly Twitter).<\/p>\n

Trump shared the news on Sept. 12 via a teaser video on social media, where he stated:<\/p>\n

\n

\u201cWe are embracing the future with crypto and leaving the slow and outdated big banks behind.\u201d<\/p>\n<\/blockquote>\n

The Trump family, including Eric and Donald Trump Jr., has been involved in WLFI\u2019s development, playing key roles in the project\u2019s direction and strategy<\/p>\n

WLFI<\/h2>\n

WLFI aims to promote the use of US-pegged stablecoins, with a focus on preserving the dollar\u2019s role<\/a> in global financial markets. The project has partnered with Aave<\/a> to develop tools and infrastructure that could drive stablecoin adoption across various sectors.<\/p>\n

WLFI\u2019s core mission centers on using stablecoins to ensure the US dollar remains the dominant currency for global trade and settlement. In earlier statements, the project outlined its vision of countering foreign currencies that are gaining influence in the global market.<\/p>\n

According to the project\u2019s statements, stablecoins can help maintain the dollar\u2019s role as a global financial leader for the foreseeable future. WLFI aims to provide an alternative to emerging digital currencies from foreign states by promoting the adoption of US-pegged stablecoins.<\/p>\n

Controversy<\/h2>\n

WLFI plans to raise $540 million through a token sale, selling 30% of the project\u2019s tokens, while 70% have reportedly been allocated to insiders, which has led to concerns about transparency and fairness.<\/p>\n

Additionally, on-chain analysts have noted connections between WLFI and Dough Finance, a previous DeFi protocol that was compromised in a hack earlier this year, adding another layer of controversy.<\/p>\n

Meanwhile, the Trump family\u2019s involvement in World Liberty Financial has triggered political discussions, with questions arising about whether the project\u2019s focus is genuinely on decentralized finance innovation or more geared towards personal business interests.<\/p>\n

Ethics experts have highlighted concerns over potential conflicts of interest<\/a>, noting that while the venture may not violate existing legal provisions, it could still pose risks to public trust and the credibility of the political process. Some have also pointed out that Trump\u2019s promotion of his sons\u2019 project might complicate his political ambitions should he seek office again.<\/p>\n

Mentioned in this article<\/h6>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Former President Donald Trump announced that World Liberty Financial (WLFI) will officially launch next week on Sept. 16 during a live stream on X (formerly Twitter). Trump shared the news on Sept. 12 via a teaser video on social media, where he stated: \u201cWe are embracing the future with crypto and leaving the slow and […]<\/p>\n","protected":false},"author":2,"featured_media":349214,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-353911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/353911","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=353911"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/353911\/revisions"}],"predecessor-version":[{"id":353916,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/353911\/revisions\/353916"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/349214"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=353911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=353911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=353911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}