Best crypto insights delivered straight to your inbox.
- Donald Trump Jr. teased a huge upcoming announcement about decentralized finance on Twitter.
- Eric Trump added to the excitement, calling the news a game-changer for the crypto industry.
- There are rumors that the announcement might involve a new project called “World Liberty,” but nothing is confirmed.
- If Donald Trump wins, he plans to create a national Bitcoin stockpile and push for more crypto-friendly policies.
Donald Trump Jr. has made waves in the crypto community with a bold statement on X, where he confidently declared,
“We’re about to shake up the crypto world with something HUGE.”
Also, according to him, decentralized finance (DeFi) is the future of finance, promising more transparency, security, and accessibility.
But that wasn’t all. Adding to the buzz, Eric Trump also hinted at a big crypto-related announcement shortly after his brother. Eric described the news as “big” and said it would be a game-changer for the industry.
This has only fueled more speculation and interest in what the Trumps might be planning for Bitcoin and its pals. There are rumors that the big announcement might involve a project called “World Liberty.”
Trademark records tell us that this could be a new initiative or platform related to decentralized finance. However, nothing has been officially confirmed, and details are still scarce.
It is well-known by now that Donald Trump has made crypto the center of his campaign against the Democrats. In fact, months ago, he mentioned that he is building a crypto army to fight Joe Biden.
He has made so many promises for crypto people, and even made an appearance at the Nashville Bitcoin conference last month where he raised millions of dollars.
If Trump wins the 2024 presidential election, he said he wants to create a “strategic national bitcoin stockpile” using the Bitcoin the U.S. government already holds. He has said that:
“If I am elected, it will be the policy of my administration to keep 100% of all the Bitcoin the US government currently holds or acquires in the future.”
The U.S. government holds around 203,239 Bitcoin tokens, worth about $14 billion, mostly from criminal seizures.
Trump plans to keep all this Bitcoin rather than selling it. He promises to make America a “Bitcoin mining powerhouse” and the “crypto capital of the planet.”
The Republican candidate has also pledged to fire Gary Gensler, the current SEC chair, and appoint a new, more crypto-friendly SEC chairman.
Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free.
Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Jai Hamid
Jai Hamid has been covering crypto, stock markets, technology, the global economy, and the geopolitical events that affect markets for the past 6 years. She has worked with blockchain-focused publications including AMB Crypto, Coin Edition, and CryptoTale on market analyses, major companies, regulation, and macroeconomic trends. She has attended London School of Journalism and thrice shared crypto market insights on one of Africa’s top TV networks.
CRASH COURSE
- Which cryptocurrencies can make you money
- How to boost your security with a wallet (and which ones are actually worth using)
- Little-known investment strategies that the pros use
- How to get started investing in crypto (which exchanges to use, the best crypto to buy etc)