Trump launches cryptocurrency platform World Liberty Financial to replace traditional banks

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On September 13, former US President Trump announced the launch of his family's cryptocurrency platform World Liberty Financial, positioning it as an alternative to traditional banks. He encouraged users to attend the Space launch event on X next Monday. Trump said, "We are embracing the future with cryptocurrency and leaving behind the slow and outdated big banks."

Trump announced the launch of his family's new cryptocurrency platform after he began promoting it on his own social media platform, Truth Social, in August. "For too long, average Americans have been exploited by big banks and the financial elite. Now is the time for us to stand up together," Trump wrote on Truth Social.

The Trump Organization's cryptocurrency project has attracted attention, with Trump's sons Eric and Donald Trump Jr. describing it as a pioneering initiative in DeFi.

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