Trump Jr. Backs Crypto As World Liberty Financial Launches Strategic Reserve
With its disclosure of a new strategic reserve, World Liberty Financial (WLF), a decentralized finance firm closely associated with the Trump family, is generating ripples in the crypto market. The information surfaced during the well-publicized Ondo Summit in New York, where government authorities and business leaders convened to address the direction of digital banking. Related […]
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Polymarket bookmakers report that the chances of Former President Donald Trump declaring a US Bitcoin strategic reserve have dropped. At first, speculations abound that Trump would reveal a daring strategy to include Bitcoin into the US strategic reserves during the Bitcoin 2024 conference this week. Related Reading: Could BlackRock’s Larry Fink Be Trump’s Next Treasury […]
The recent remarks by leading US presidential candidate Donald Trump regarding Bitcoin’s potential role as a strategic reserve asset for the United States have ignited substantial discussions among policymakers, legal experts, and financial analysts. While Forbes reported on the potential move, it is David Bailey, CEO of Bitcoin Magazine and advisor to the Trump campaign, […]
According to a Forbes report, former President Donald Trump has recently expressed strong support for Bitcoin (BTC), igniting discussions about classifying the cryptocurrency as a strategic reserve asset. In a social media post, Trump acknowledged BTC’s geopolitical significance and warned against policies that hinder its growth, stating that such actions would only benefit China and […]
The Financial Times reported on Monday that World Liberty Financial (WLF), the digital asset venture associated with President Donald Trump, has successfully raised $1 billion through its token sales. Initially launched in October with a goal of selling only 20 billion WLF tokens, the decentralized finance’s (DeFi) venture token surpassed this target by selling 21 billion tokens, demonstrating robust demand despite a rocky start. Eric Trump Champions World Liberty Financial At ‘High-Profile Event’ Per the report, this surge in interest comes as WLF announces the release of an additional 5....
There's at least one lesson to be learned from the recent closure of Liberty Reserve for alleged money laundering: whether you use "real" government-backed fiat or a distributed digital currency controlled by no one in particular, what you use it for is subject to laws and regulations of many kinds. Fall afoul of those, and the authorities will sooner or later come looking for you. The Costa Rica-based Liberty Reserve used its own digital currency -- also called the Liberty Reserve, or LR -- to provide low-cost payment processing services to customers around the world. Its ease of payments....