Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

Trump offers little detail at crypto business unveiling

Published 09/16/2024, 11:10 PM
Updated 09/16/2024, 11:15 PM
© Reuters. Republican presidential nominee and former U.S. President Donald Trump reacts at a rally in Las Vegas, Nevada, U.S. September 13, 2024. REUTERS/Piroschka Van de Wouw

BTC/USD
-

By Hannah Lang

(Reuters) - Donald Trump on Monday offered few details about a new cryptocurrency business that the Republican former president, his family and associates unveiled in a live event on X Spaces.

Trump engaged in a wide-ranging discussion that touched on the second apparent assassination attempt against him on Sunday and his shift from being a cryptocurrency skeptic to embracing it.

But neither he nor his family provided much detail about the business - World Liberty Financial - including how it was formed, financed or what services it would provide.

It is unusual for a presidential candidate to launch a new business so close to an election, but Trump has been looking to court digital asset advocates and their dollars ahead of Election Day on Nov. 5.

© Reuters. Republican presidential nominee and former U.S. President Donald Trump reacts at a rally in Las Vegas, Nevada, U.S. September 13, 2024. REUTERS/Piroschka Van de Wouw


After previously deriding cryptocurrencies as a scam, Trump has embraced digital assets during his re-election campaign, promising to make the United States the "crypto capital of the planet" with light-touch regulation and a national stockpile of bitcoin.

Trump's two eldest sons, Eric and Donald Jr, have promoted the project in recent weeks, promising it will "transform" the world of digital asset finance, without elaborating.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.