Former President Donald Trump says he is "embracing the future with crypto and leaving the outdated and big banks behind."
Trump and his children unveiled a new cryptocurrency business called "World Liberty Financial" Monday during a spaces event on X, with Donald Jr. suggesting it will give opportunities for people who are unable to secure traditional financing from banks.
The former president said he was not too interested in crypto at first, but sales of his NFT trading cards made him re-think his position.
In fact, Trump spoke at the Economic Club of New York on September 5, 2024, and vowed to turn the US into the cryptocurrency capital of the world.
Unveiling his economic vision for a second term Trump said in his Economic Club speech, "Instead of attacking industries of the future, we will embrace them, including making America the world capital for crypto and Bitcoin."