Does Donald Trump Understand His Own Cryptocurrency Program?

Throughout his campaign for the presidency during this election cycle, Donald Trump has been talking about his strong support for cryptocurrency.

He has touted a new program that would benefit investors and preserve decentralized finance, making himself out as proponent of these digital assets. At an X Space announcement on Monday, Trump finally started to lay out what that program might look like.

The decentralized finance project is called World Liberty Financial, and according to a statement from the official X account, it is designed for the “mass adoption of stablecoins and decentralized finance.”

That sounds like a lofty goal that could help make crypto more mainstream, but the specifics were somewhat vague early on in the announcement, especially as Trump had the stand. A few details finally emerged when Dolomite’s co-founder, Corey Caplan, took over the stream. He said that governance tokens called WLFI would be distributed and sold by World Liberty Financial. These tokens would only be sold to people who are considered accredited investors according to Regulation S and Regulation D.

Who Is the Project for?

World Liberty Financial is meant to help people who have been debanked- who for whatever reason are not able to get loans or set up accounts in banks like everyone else. This may be for financial reasons or because of marks on their records. It is also designed to accommodate people who live in areas where they have very few banking options or where they would have to travel long distances to bank. Trump is hoping that the project will open up banking opportunities to people who have been left behind by the current banking and lending system.

The program would start people off simply with a way that they could see a yield on their investments without a lot of red tape and complex maneuvering. This is a project that Trump and his associates have been teasing about for months, but when it came time for Trump to dish the details, he seemed remarkably in the dark about how the project would work.

It would appear that he does not know about the specifics or does not care how the project functions, but at any rate, we now have some solid details about what World Liberty Financial is all about, with more details likely to come heading into the election date in November.