Trump crypto venture unveiling stirs skepticism; few details revealed

Published On Sep 17, 2024, 2:48 PM

Donald Trump has announced a new cryptocurrency venture called "World Liberty Financial," aimed at creating a decentralized lending platform intended to provide easier access to loans for individuals lacking traditional banking access. Despite being marketed as a revolutionary financial project, many in the cryptocurrency community expressed skepticism over the vague details and business model presented during its announcement. Additionally, the project is targeted towards accredited investors only, which has drawn criticism for not genuinely democratizing financial access as claimed. The project is unlikely to dent Trump’s support among the crypto community due to his proposed rollback of current regulations.