The financial world was shaken: Donald Trump announced his crypto move.

Republican presidential candidate Donald Trump made a bold entry into the cryptocurrency markets. Trump, with his new project World Liberty Financial, is targeting the crypto and DeFi world and attracting attention with NFT and token sales. This new venture promises to bring a new breath to cryptocurrency users and investors.

Crypto Revolution from the Trump Family: WLFI Token in the Market

The presidential race is heating up in the United States. Donald Trump, the Republican Party's presidential candidate in the country, made an exciting entry into the cryptocurrency market. Trump recently introduced his new cryptocurrency project called "World Liberty Financial" at a special event.

In the project's promotional video, Trump summarized the vision of the project by saying, "We embrace the future with cryptocurrencies and leave behind old-fashioned banks and financial institutions." In a live broadcast on the X platform (formerly known as Twitter) that lasted over two hours, Trump answered questions from crypto expert Farokh and revealed that NFT projects attracted him to this field.

The former president stated that he was surprised by the income exceeding 7 million dollars he obtained from NFT collections. Trump used the expression "NFTs didn't initially catch my attention, but the earnings figures impressed me." regarding the subject.

While emphasizing the importance of cryptocurrencies, Trump said, "Although cryptocurrencies seem big at the moment, they are still in the crawling stage when looking at their future potential. My children opened my eyes to this. They are very knowledgeable and experienced in these matters." Trump also stated in his statement that his children continue to enlighten him on this subject.

At the event, Donald Trump Jr. and real estate investors Steve and Zach Witkoff discussed DeFi and WLFI token topics. Trump Jr. emphasized the importance of the project by saying, "This initiative is the beginning of a financial revolution."

Zachary Folkman and Chase Herro, founders of Dough Finance, detailed the strategy of WLFI with Eric Trump. Folkman said, "We will take the best features of DeFi and offer them to the masses." and confirmed that WLFI will be released as a governance token. Folkman announced that due to regulatory uncertainties, the token will only be offered to accredited investors. According to the statements made, 63% of the token distribution will be allocated to public sales, 17% to user rewards, and 20% to team members.

With these developments, it is seen that if the demand for crypto credit increases, stablecoin returns may surpass US dollar money market funds and bring vitality to the crypto markets.

The project was first announced by Trump's sons in August, and various sources stated that the project will be developed using the Aave platform on the Ethereum Blockchain network.

Jaret Seiberg from TD Cowen Washington Research Group stated that the Trump family's initiative could influence the ongoing cryptocurrency regulation debates and make it difficult to create new regulations.

At the event, Trump also criticized current SEC Chairman Gary Gensler. Trump stated that the SEC under Gensler's administration has a hostile approach to cryptocurrency regulations and warned that if he is not elected, crypto investors and users will experience hell. Donald Trump also reiterated in his speech that he started accepting cryptocurrency donations in his election campaign a long time ago and wants to make the US the "crypto capital".