Trump's Crypto Vision: America as the 'Crypto Capital of the Planet'

Donald Trump plans to make the U.S. a global crypto leader if he's reelected. He and his family are heavily promoting their new crypto venture, World Liberty Financial, potentially leveraging political power to benefit personally. Trump's stance on cryptocurrency has shifted from skeptical to supportive, aiming to energize his base and address regulatory and economic policies.

Donald Trump, in his quest to return to the White House, has pledged to transform America into the 'crypto capital of the planet.' This ambitious promise comes as he and his family launch a new cryptocurrency venture, World Liberty Financial, which they are actively promoting across social media.

Amidst his presidential campaign, Trump's sons Donald Jr. and Eric, along with daughter-in-law Lara, are also pushing this new platform. Critics point out that Trump's intertwined political and business interests could lead to significant personal gains should he manipulate legislative and regulatory environments to favor cryptocurrencies.

Trump's previous hard stance against digital currencies has notably softened; he now embraces the technology, suggesting pro-crypto policies including decentralized finance and Bitcoin mining subsidies. Supporters claim this pivot could attract younger voters and address concerns about government overreach, while detractors worry about ethics and legal implications.

(With inputs from agencies.)