WASHINGTON (AP) — Former President Donald Trump will speak out next Monday about cryptocurrencies and the launch of World Liberty Financial, a cryptocurrency platform controlled by the Republican nominee's sons Donald Jr. and Eric. I plan to.
His speech, delivered 50 days before election day, is an unusual use of the dwindling campaign time to promote his personal business. The former Republican president has long mixed his political and business interests, selling sneakers, photo books and Trump-branded Bibles during the 2024 campaign.
“We are embracing the future with cryptocurrencies and leaving behind the slow, outdated big banks,” President Trump said in a video posted on social media site X on Thursday. X is also scheduled to give a speech on the matter Monday at 8pm ET. his Mar-a-Lago home;
Trump has pledged to turn the US into the “crypto capital of the planet” as part of his presidential campaign, raising red flags that he may use the federal government to support businesses connected to his family. is listed.
Cryptocurrency is a type of digital money that can be traded over the internet without relying on the global banking system. Trading often relies on online marketplaces that charge transaction fees to allow you to exchange your cryptocurrencies for USD or other currencies.
Trump opposed cryptocurrencies during his presidency, but has since warmed to the field. He proposed that the government create a Bitcoin Strategic Reserve Fund and vowed to block the creation of a central bank digital currency controlled by the Federal Reserve (a digital form of central bank currency available to the public).
