Former President Donald Trump announced that he will unveil a comprehensive plan on Thursday aimed at positioning the United States as the global leader in cryptocurrency. Trump made the announcement via a post on X (formerly Twitter), signaling a major move in his campaign to win back the presidency in 2024.
“This afternoon I’m laying out my plan to ensure that the United States will be the crypto capital of the planet,” Trump said in the post, which featured the logo of World Liberty Financial, a decentralized finance (DeFi) project that has received endorsements from his sons, Donald Trump Jr. and Eric Trump.
Trump’s announcement follows weeks of anticipation after his sons hinted at a forthcoming initiative related to cryptocurrency and DeFi. The former president has since generated buzz around this impending plan, further amplifying his appeal to the crypto community.
In the lead-up to the announcement, World Liberty Financial issued a warning on its Telegram channel, cautioning followers about scams. “We have been made aware of some ads circulating on Telegram claiming to be from us, offering fake airdrops or token sales,” the message stated. “We are not doing any airdrops or selling any tokens at this time.”
Trump’s increased focus on cryptocurrency comes after his appearance at the Bitcoin 2024 conference in July, where he made headlines by promising to fire Gary Gensler, the current chair of the Securities and Exchange Commission (SEC). Trump also vowed to prevent the U.S. government from selling its bitcoin holdings and proposed the creation of a “strategic bitcoin reserve” if he is elected in November.
Since late 2022, Trump has also been linked to NFT collections using his likeness, signaling his growing interest in the digital asset space both politically and entrepreneurially. As the 2024 election approaches, Trump’s latest announcement could be a key strategy to win over crypto-conscious voters and solidify the U.S. as a dominant player in the rapidly evolving digital economy.
