Trump's Crypto Project: A Deep Dive

Campbell Harvey, a finance professor at Duke University, commented on Donald Trump's announcement of his new crypto project, World Liberty Financial, stating: "This move is consistent with Trump's policy stance of supporting crypto. It's one thing to say you support crypto, it's another to start a company in this space."

Trump's two-hour-long X Spaces session yesterday did not reveal specific details about the project, including its launch date. However, it did confirm the issuance of a digital token, WLFI, which will play a role in the company's management. The purchase of WLFI will be limited to verified, qualified investors. The Spaces conversation also touched upon a range of other topics, including stablecoins, tokenization, access to credit, and digital payment services.

Prior to Trump's X Spaces event, the World Liberty Financial whitepaper listed Donald Trump as "Chief Crypto Advocate," Eric Trump and Donald Trump Jr. as "Web3 Ambassadors," and 18-year-old Barron Trump as "Chief DeFi Visionary." A disclaimer in the document states that the company is "not owned, managed, operated, or sold by the Trump family" while also noting that they might receive compensation.