Trump family set to run new platform for cryptocurrency

Former U.S. President Donald TrumpTrumpTrump along with his sons and entrepreneurs late on Monday (September 16, 2024) launched a cryptocurrency platform but provided few details.

Little was revealed about the Trump family crypto project during a two-hour online presentation other than an offer to let people buy digital “tokens” giving them a vote in platform decisions.

World Liberty Financial intended to offer services based on so-called decentralised finance. This mechanism eliminates the need for an intermediary such as a bank to carry out transactions with a third party, the politics-laced discussion indicated. Decentralised finance, or DeFi, is based on so-called blockchain technology, which keeps a theoretically open but tamper-proof record of transactions.