Trump unveils new crypto platform 48 hours after foiled assassination attempt

Abdullateef Fowewe

Despite an assassination attempt on the former American President, Donald Trump on Sunday, September 15, at his golf club in West Palm Beach, Florida, Trump proceeded to officially launch his cryptocurrency platform.

The crypto platform named World Liberty Financial was unveiled during an X (formally Twitter) space.

The announcement comes 50 days before the forthcoming US presidential election, marking a significant pivot in Trump’s stance on digital currencies, as he previously labelled them a “scam” during his presidency.

Joined by his sons, Donald Trump Jr. and Eric Trump, along with crypto entrepreneurs Chase Herro and Zachary Folkman, Trump emphasised the necessity of entering the cryptocurrency market. “Crypto is one of those things we have to do,” he stated, indicating a shift towards embracing digital finance as essential for the U.S. economy.

World Liberty Financial according to Trump aims to facilitate borrowing and lending services using stablecoins, cryptocurrencies pegged to a stable value, typically $1.

The platform will introduce a new token called $WLFI, with 20% of tokens allocated to the founding team, including the Trump family.