Former President Donald Trump plans to give a speech next Monday to discuss cryptocurrencies and officially launch World Liberty Financial, a cryptocurrency platform controlled by his sons Donald Jr. and Eric.
The speech, which will take place 50 days before Election Day, is a particularly notable endorsement of his business at a critical moment in the campaign. The former Republican president has long combined politics with his business interests, promoting merchandise such as sneakers, photo albums and "Trump"-branded Bibles during his 2024 campaign.
On Thursday (September 12), Trump posted a video on the social media platform X, in which he said: "We will embrace the future through cryptocurrency and leave those slow, outdated big banks behind." Trump also announced that he will give a speech at his Mar-a-Lago estate at 8 pm next Monday to further explore this topic.
As part of his presidential campaign, Trump pledged to make the United States the "cryptocurrency capital of the world," suggesting he might use the power of the federal government to support business projects linked to his family.
Cryptocurrency is a digital currency that is not dependent on the traditional banking system and is traded over the Internet. Typically, such transactions rely on online platforms that charge transaction fees to exchange cryptocurrencies for US dollars or other legal currencies.
Although Trump had taken a hostile stance toward cryptocurrencies during his presidency, he has shown a growing interest in the industry in recent years, proposing that the government should establish a strategic reserve of Bitcoin and vowing to stop the Federal Reserve from creating a central bank-managed digital currency, a digital form of central bank money available to the public.
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