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Crypto Supporter Donald Trump to Make the US Crypto Capital of the World

Key Points:

Crypto supporter Donald Trump has announced plans to make the U.S. the leading global hub for cryptocurrency.
The announcement links to World Liberty Financial, a decentralized finance project promoted by Trump’s sons.
Trump has also launched a new series of NFT trading cards, further integrating his political brand with digital assets.

Crypto supporter Donald Trump has unveiled lofty ambitions to ensure the United States returns to its status as the world’s cryptocurrency leader, marking a significant departure from his former approach.

Crypto Supporter Donald Trump to Make U.S. Cryptocurrency Capital

In a video posted on X (formerly Twitter) on Thursday, crypto supporter Donald Trump outlined plans to ensure the US will be in a position to become the “crypto capital of the planet.”

This is Trump’s latest volte-face on cryptocurrency, which he personally declared a scam on multiple occasions during his presidency. The video—addressed to his 90 million followers—emphasized that his latest thrust was committed to fighting the ongoing efforts to “choke” American businesses off the crypto space. A link to World Liberty Financial, a decentralized finance project recently promoted by his sons, Donald Trump Jr. and Eric Trump, accompanied the message.

The project has been aggressively teased on its own X account and Telegram channel, but most details remain scant. The World Liberty Financial Telegram channel has accumulated more than 52,000 subscribers since it was created and actively warns followers about possible scams.

Trump Unveils New NFT Collection as He Ramps Up Crypto Effort

Besides the NFT project, Trump just dropped a line of new, for-sale NFT trading cards at $99 a pop. While the NFTs and the crypto initiative are not the Trump presidential campaign, everything here is very pro-Trump and pro-crypto.

Trump now positions himself as the most crypto-affirmative candidate, to which the businesses are simply solid, signalling a calculated effort to cash in on the emergent market of digital assets.

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Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.