Former President Donald Trump said on August 29 that he wanted to make the US the “crypto capital of the planet.” This showed that blockchain and digital assets were becoming more important in the country’s politics.
In a post on X, Trump also talked about the World Liberty Financial venture, which is being run by his sons, E.J. Trump and Donald Trump Jr.
Trump’s Crypto Involvement Uncertain
The exact details of the project are still unresolved but early rumors suggest that it might involve turning real-world products into tokens. On the project’s main Telegram channel, which has over 53,000 subscribers, the Trump sons have warned crypto fans to be careful of scams and impersonators.
Former President’s involvement in World Liberty Financial and the initiative’s greater objectives have not been fully exposed yet.
During a gala in May, Former President first set himself up as a pro-crypto advocate . He started to say things that were meant to appeal to the Web3 group.
At the Bitcoin 2024 meeting in July, he promised to set up a strategic Bitcoin reserve and get rid of Gary Gensler, who is currently chair of the Securities and Exchange Commission. This showed that he was still in favor of crypto.
As the race between Trump and Kamala Harris, the Democrat, heats up, the crypto community seems to be leaning toward Former President and his ideas.
A Bitcoin bill proposed by Republican Senator Cynthia Lummis of Wyoming is also said to be gaining support in the Senate. Trump’s plan and Lummis’ plan both involve using America’s gold stores to support a long-term plan to hold Bitcoin.
