WASHINGTON (AP) — Former President Donald Trump plans to deliver remarks next Monday about cryptocurrency and the launch of the company World Liberty Financial, a crypto platform controlled by the Republican nominee’s sons Donald Jr. and Eric.
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His speech will come 50 days before Election Day, an extraordinary use of dwindling campaign time to promote a personal business. The Republican former president has long mixed his political and business interests and marketed sneakers, photo books and Trump-branded Bibles during his 2024 campaign.
“We’re embracing the future with crypto and leaving the slow and outdated big banks behind,” Trump said in a video posted Thursday to X, the social media site that will also host his address on the subject at 8 p.m. EDT on Monday from his Mar-a-Lago home.
As part of his presidential campaign, Trump has pledged to turn the United States into the “crypto capital of the planet,” raising red flags that he could use the federal government to help support a business tied to his family.
Cryptocurrencies are forms of digital money that can be traded over the internet without relying on the global banking system. The trading often depends on online marketplaces that charge fees for transactions, so that the cryptocurrencies can be exchanged for U.S. dollars and other currencies.
Trump opposed crypto during his presidency, but he has since warmed to the sector. He has suggested the government create a strategic reserve of Bitcoin and has vowed to block the creation of a Federal Reserve-administered Central Bank Digital Currency, a digital form of central bank money that would be available to the public.
I’m sorry to say. But all the frum sites are being inundated by people from outside our community and making comments to influence our opinions in the upcoming elections.
It’s actually odd to see.
This is a disaster
I am ot get involved in this partuclar product but to all VIN Readers. Stay away from this crypto nonsense. It’s full of scammers and cons. There is very little control. On top of that, even those well intended don’t have it out clearly. Noone can even explain in simple terms what it is or why its worth money. Anyone who has any brains, stay far away. P.S. The only one that i think is somewhat safe is Bitcoin since its so wdiely accepted and traded plus its well established for years. I still can’t fully expalin it and it seems to be very volatile.
“has long mixed his political and business interests”…. So, according to this propaganda article, it is Trump who is using politics to enrich himself as opposed to Bidens, Clintons, Obamas and Bushes?! The very Trump that was the only president in the last century who became poorer since he got involved in politics.
Why does vinnews keep on publishing AP articles? AP rarely has any information value; just dumb propaganda.
It is good that President Trump is finding new hobbies to fill all his spare time.