No. of Recommendations: 3
World Liberty Financial is Mr. Trump’s latest effort to ingratiate himself with the crypto industry. On the campaign trail, he has vowed to end a crackdown on the industry by the U.S. government, which has pushed for stricter regulations on digital currencies. In July, Mr. Trump spoke at the annual Bitcoin conference in Nashville, one of the largest crypto gatherings of the year, promising to make the United States “the crypto capital of the planet.”
The pitch appears to be working. Several prominent crypto executives, including Cameron and Tyler Winklevoss, the founders of the Gemini exchange, have donated to Mr. Trump’s election effort. A super PAC funded by the industry, Fairshake, has raised more than $150 million to elect pro-crypto candidates in congressional races, supporting a mix of Democrats and Republicans.
Mr. Trump was not always a crypto booster. In 2021, he said Bitcoin “seems like a scam.” But his views appear to have shifted during the campaign. This year, he hosted an event at Mar-a-Lago for people who bought a line of nonfungible tokens, the crypto collectibles known as NFTs, which he released.
"he said Bitcoin “seems like a scam.”" Right up his alley.
