Important announcement from Donald Trump: Crypto currency users are in shock.

Donald Trump is opening a new chapter in the cryptocurrency world. The World Liberty Financial project, supported by the former US president, officially begins on September 16th. Developed on the Ethereum Blockchain network and using the Aave DeFi platform, the project aims to provide a strong alternative to traditional banking systems. Trump's move is considered a tangible indication of his support for the cryptocurrency community.

TRUMP LEADING THE CRYPTO REVOLUTION

In a video shared on his official X account, Donald Trump said, "Join me live on Twitter Spaces on September 16th at 8:00 PM for the launch of World Liberty Financial." Trump summarized the project's vision by saying, "We are embracing the future with crypto, leaving behind slow and outdated big banks." This statement demonstrates Trump's support for the cryptocurrency community during his presidential campaign.

The details of the project began to take shape with the announcements made by Donald Trump Jr. and Eric Trump on August 7th. World Liberty Financial will be built on the Aave DeFi platform and the Ethereum Blockchain network. The project will revolve around a "credit account system."

Trump's initiative signifies a significant change in his previously negative stance on cryptocurrencies. In a speech at the Bitcoin 2024 conference last summer, he stated that if re-elected, he would remove Securities and Exchange Commission (SEC) Chairman Gary Gensler from office. He also mentioned that the US would stop selling its 213,000 Bitcoins (BTC).

Maxine Waters, the senior Democratic member of the House Financial Services Committee, criticized Trump's supported crypto project. Waters stated, "While decentralized finance or DeFi aims to create more efficiency and transparency, it can also pose high risks such as hacks, fraud, unequal information, and conflicts of interest that can harm consumers and investors."

The official launch of the World Liberty Financial project on September 16th is expected to generate significant interest in the cryptocurrency world. The details and potential impacts of the project will become clearer in the coming days. The impact of this project on Trump's election campaign and its effect on the cryptocurrency market are eagerly anticipated.