Donald Trump doesn't share details about his family's cryptocurrency venture during X launch event

[Bernardo de La Paz]

Source: AP Associated Press

By FATIMA HUSSEIN and ADRIANA GOMEZ LICON

WASHINGTON (AP) — Republican presidential nominee Donald Trump on Monday launched his family’s cryptocurrency venture, World Liberty Financial, with an interview on the X social media platform in which he also gave his first public comments on the apparent assassination attempt against him a day earlier.

Trump did not discuss specifics about World Liberty Financial or how it would work, pivoting from questions about cryptocurrency to talking about artificial intelligence or other topics. Instead, he recounted his experience Sunday, saying he and a friend playing golf “heard shots being fired in the air, and I guess probably four or five.”

{snip}

“Taking a pro-crypto stance is not necessarily troubling; the troubling aspect is doing it while starting a way to personally benefit from it,” Jordan Libowitz, a spokesperson for the government watchdog group Citizens for Responsibility and Ethics in Washington, said earlier this month.

During his time in the White House, Trump said he was “not a fan” of cryptocurrency and tweeted in 2019, “Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity.” However, during this election cycle, he has reversed himself and taken on a favorable view of cryptocurrencies.



Read more: https://apnews.com/article/trump-crypto-digital-assets-a08456edc5947451f3f23b184ed9fb29

[oldsoftie]

1. Yet ANOTHER grift. He's a crypto backer NOW because some guy gave him a ton of $

If you give him enough money he'll go back to being pro-choice.

[mpcamb]

5. We should make a List-o Grifts

Crypto currency
Bibles
His DC hotel where attendance was required to get an appointment
trump pimp sneakers
trump vodka
trump steaks
about a hundred trump-related committees
Republican party committees
...it goes on and on

[HagathaCrispy]

2. DRUGE REPORT has a huge headline now about his major gaffe lastnight

DRUDGE REPORT has several huge headlines now about his gaffe forgetting several times and confusing what he was saying last night on this matter at his rally

[tetedur]

3. Just vague hand waving, no information and watch as he takes over the US currency reserves

Don Jr., talked about embracing cryptocurrency as an alternative to what they allege is a banking system tilted against conservatives. Really? Banking systems are more tilted against those they know will defraud them like the Trumps. So let me get this right, they will be the bank? Meanwhile the hackers have already hacked Lara and Tiffany and they aren't even live yet.

His campaign accepts donations in cryptocurrency "as part of an effort to build what it calls a 'crypto army' leading up to Election Day." Can anyone tell me what a crypto army is?

To me the scariest thing he said is he intends to make the U.S. the “crypto capital of the planet” and create a bitcoin “strategic reserve” using the currency that the government currently holds.

He is also promoting decentralized finance, or “DeFi,” which is a general term for using public blockchain space to disrupt the traditional finance world.

Trump has also talked about subsidizing the use of Bitcoin mining in order to increase energy production and has vowed to block the creation of a Federal Reserve-administered Central Bank Digital Currency — which is a digital form of central bank money that would be available to the public. While it is still in exploration, many crypto advocates oppose a centrally run digital currency.

If the Trumps are going to dip their fingers into US financial currency and control the Federal Reserve this will be the next big economic collapse and the Trump family will bring us all down. Can no one stop this fraudster from committing more fraud? Of course, he's not breaking any law because there are no laws on crypto?

We need to get a handle on what they are going to do and start screaming!
https://apnews.com/article/trump-harris-elections-crypto-cryptocurrency-treasury-blockchain-29df24818d03e557c6c434533052b33c

[gab13by13]

4. The plan is for TSF to be our country's CEO

and Semi Valley will be the board of directors telling TSF what to do. I believe I read this from Mark Cuban.

[Vinca]

6. This grift could be more lucrative for Trump than bilking the cult out of their grocery money.

[Best_man23]

7. Calling it here, next month he will announce "Convicted Felon" Coin

Of course, it will be in his name, but I'm using "Convicted Felon" for any reference to him.

And it WILL be yet another GRIFT.

[Midnight Writer]

8. He can't share the details because he doesn't know the details.

He has no idea what crypto is or how it works.

This is just another of his scams.

[RobinA]

9. Exactly!

Donald Trump discussing cryptocurrency?