• Trump has teamed up with his sons to launch World Liberty Financial, a crypto platform focusing on stablecoins and borrowing/lending services through the $WLFI token.

• Once a crypto sceptic, Donald Trump is now positioning himself as a pro-crypto advocate, supporting the integration of stablecoins tied to the US dollar.

• Trump’s involvement with the crypto industry has raised ethical concerns about a potential conflict of interest if he wins the upcoming US elections.

The United States of America has become a sore topic for the crypto community since the FTX fiasco. The region’s regulatory body has bared its fangs against its crypto ecosystem as it bombards crypto-based startups and organizations with vague and sometimes peculiar lawsuits.

With the powerhouse completely fixated on tits upcoming elections, one man has sought the support of its crypto community, Donald Trump.

The Donald Trump crypto campaign has set the industry ablaze as the candidate promises to alleviate the harsh rules set by its SEC. Since this announcement, Trump’s influence has increased, and many events have offered crypto donations in the US elections.

In recent news, Donald Trump raises the bar after publicly announcing his collaboration with World Liberty Finance, a newly formed crypto platform co-owned by both his sons. This family powerhouse has joined hands to promote stablecoins tied to the US dollar, encouraging its use throughout the region.

Donald Trump’s Crypto Campaign Kicks into High Gear with World Liberty Financial

The US elections are one of the major highlights the familiar trader should be keen to follow, especially with crypto right at the centre of it. Since the FTX fiasco, the US SEC has pledged to protect its citizens and create a conducive and regulated environment for digital assets to thrive.

Unfortunately, not many share the same perspectives; granted, security is a crucial issue when it comes to the crypto industry. The FTX fiasco was the final nail in the coffin, opening the eyes of millions to the power and the dangers of digital assets.

Also, Read: Trump Pledges Crypto Support: SEC Shakeup Promised at Bitcoin 2024.

Despite the noble cause, many experts claim that the crypto crackdown has worsened the region’s situation. Many crypto startups have either shut down or are barely functioning under the iron thumb of the regulatory body. This led many crypto startups to seek and improve the crypto ecosystem of another region.

Fortunately for US crypto traders, former president Donald Trump has come to the rescue, promising a better trading environment.

During a live stream on X, Trump announced he would join his sons, Donald Trump Jr and Eric Trump. Alongside Chase Herro and Zachary Folk, man to dive into the digital currency market through World Liberty Financial. According to the former president, cryptocurrency is one of those things that we have to adapt or miss out on.

His current stance and remarks contrasted with his previous positions when Bitcoin was still in its early stages. Trump, like many, could foresee the potential digital assets presented to use; it was only until the first crypto boom that the world turned its attention towards crypto.

Trump also clarified that other nations will if the US doesn’t act quickly.

World Liberty Financial Paves the Way for Stablecoins Tied to the US Dollar.

Amid the Web 3 industry, several by-products have solidified their position in the futuristic economy. Concepts like CBDCs and DeFi have carved a niche within the financial world, but none have been proposed, such as stablecoins.

Initially, Stablecoins tied to the US dollar was the Kickstarter it’s required. Soon, various regions, more so Africa, opted for stablecoins like USDC and USDT since they offered higher value than fiat currency.

The World Liberty Financial is a crypto platform focusing primarily on stablecoins, the future of finance. According to the official announcement, the platform will provide services like borrowing and lending with a new crypto coin called $WLFI token.

With the Donald Trump Crypto Campaign gaining daily attention, its hype has continued to grow. Trump himself has claimed the titled chief “crypto advocate,” while his youngest son, Barron Trump, has been labelled the “DeFi visionary.”

His sons will serve as Web3 ambassadors while the real estate magnate Steve Witkoff and Puerto Rico-based AMG Software Solutions assisted with its trademarking.

Also, Read: Mar-a-Lago hosts Trump’s NFT Soiree amid legal battles.

The launch of the World Liberty Financial has brought about mixed reactions, with some claiming there may be some ethical concerns about this new initiative. Ethical experts worry that Trump’s involvement with cryptocurrency may lead to a conflict of interest while in his presidential seat.

Despite these claims, Trump continues to position himself as a pro-crypto candidate since he firmly believes crypto, alongside stablecoins tied to the US dollar, CBDCs and the DeFi industry, will soon usurp traditional financial institutes.

Chase Herro emphasized that the accessibility of World Liberty Financial would be available to all investors. He said, “This country’s been so good to me, and crypto has been so good to me.”

Zak Folkman said the organizations would not “rebuild the wheel” but use simple products like stablecoins.

Given the high rise of pre-sale tokens, many scams have also followed, and many traders have lost capital. World Liberty Financial has claimed to all its users to beware of fake scams and unauthorized Airdrops.