October 16, 2024

Trump Hawks Sons’ Cryptocurrency Three Weeks Before the Election: ‘Big News’

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Donald Trump/X

Former President Donald Trump is running for president, but on Tuesday, he released a video more befitting of a late-night TV pitchman.

In a post on X, Trump promoted cryptocurrency tokens, which are now for sale via an enterprise called World Liberty Financial. The company is the brainchild of his sons Donald Trump Jr. and Eric Trump.

“Big news,” the former president declared in a brief video. “The World Liberty financial token sale is now live. Crypto is the future. Let’s embrace this incredible technology and lead the world in digital economy.”

He then directed viewers to visit World Liberty Financial’s website.

Trump has certainly changed his tune on cryptocurrency. In an interview with Fox Business in 2021, the former president called Bitcoin – the most famous cryptocurrency – a scam.

“Bitcoin just seems like a scam,” he said. “With us, it was $6,000 and much lower. I don’t like it because it’s another currency competing against the dollar. Essentially, it’s a currency competing against a dollar. I want the dollar to be the currency of the world. That’s what I’ve always said.”

Not everyone in the crypto space welcomes the former president’s foray into the business.

“This is a huge mistake,” a Trump-supporting partner at crypto-focused venture firm told Politico last month. “It looks like Trump’s inner circle is just cashing in on his recent embrace of crypto in a kind of naive way, and frankly it looks like they’re burning a lot of the good will that’s been built with the industry so far.”

Last month, CoinDesk reported that four of the people listed as members of World Liberty Financial built a blockchain that was recently hacked.

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