Donald Trump to Promote Crypto Platform Ahead of Election Day

Former President Donald Trump will speak on cryptocurrency and the launch of World Liberty Financial, a crypto platform managed by his sons. His remarks, scheduled shortly before Election Day, raise concerns about blending political goals with business interests.

Former President Donald Trump is set to make a significant announcement next Monday regarding cryptocurrency and the launch of World Liberty Financial—a crypto platform managed by his sons, Donald Jr. and Eric. The announcement comes 50 days before the Election Day, raising questions about the conflation of personal business and political agendas during a dwindling campaign period.

Trump has a history of intertwining his political and business interests, having marketed various products under his brand during his ongoing 2024 presidential campaign. In a video posted on Thursday to social media site X, Trump stated, "We're embracing the future with crypto and leaving the slow and outdated big banks behind." His speech on the subject will take place at 8 p.m. EDT from his Mar-a-Lago residence.

As part of his campaign platform, Trump has pledged to transform the United States into the "crypto capital of the planet," prompting concerns that he may leverage federal resources to support family-affiliated businesses. Having opposed cryptocurrencies during his presidency, Trump has since altered his stance, even suggesting the establishment of a strategic Bitcoin reserve while opposing the creation of a Federal Reserve-administered Central Bank Digital Currency.

(With inputs from agencies.)