Trump to announce new cryptocurrency business
Republican presidential nominee former President Donald Trump speaks during a campaign event at the Linda Ronstadt Music Hall, Thursday, Sept.12, 2024, in Tucson, Ariz. (AP Photo/Alex Brandon) (Alex Brandon, Copyright 2024 The Associated Press. All rights reserved.)
WASHINGTON – Former President Donald Trump is set to announce the launch of the company World Liberty Financial , a crypto platform controlled by the Republican nominee’s sons Donald Jr. and Eric.
The announcement comes 50 days before Election Day. Cryptocurrencies are forms of digital money that can be traded over the internet without relying on the global banking system. The trading often depends on online marketplaces that charge fees for transactions, so that the cryptocurrencies can be exchanged for U.S. dollars and other currencies.
“We’re embracing the future with crypto and leaving the slow and outdated big banks behind,” Trump said in a video posted Thursday to X, the social media site that will also host his address on the subject at 8 p.m. EDT on Monday from his Mar-a-Lago home.
As part of his presidential campaign, Trump has pledged to turn the United States into the “crypto capital of the planet.”
Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
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