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Home»Bitcoin»Trump is silent on World Liberty Financial – What’s going on?
Bitcoin

Trump is silent on World Liberty Financial – What’s going on?

2024-09-18No Comments3 Mins Read
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  • Trump did not share any updates on World Liberty Financial during his interview after the assassination attempt.
  • The sale of WLFI tokens is regulated by the US Securities and Exchange Commission (SEC).

A day after the second assassination attempt on presidential candidate Donald Trump, the former president made his first public appearance on September 16.

He participated in a high-profile interview hosted by crypto influencer Farokh Sarmad on X.

Donald J. Trump

Source: Donald J. Trump/X

Trump’s livestream a failure?

Although the event was initially planned as a launch for World Liberty Financial, a new cryptocurrency platform linked to Trump’s family, the former president did just that do not address directly the platform during the conversation.

In fact, Trump promoted livestream as a “State of Crypto Address,” but it wasn’t until 16 minutes later that he mentioned the term for the first time.

“We’re going to make our country bigger than ever before, and you’re going to be happy, and you’re going to love your crypto.”

World Liberty Financial token in the making?

Furthermore, it wasn’t until just over two hours into the livestream that Zak Folkman, one of the project’s key leaders, finally revealed, “There will be a token,” confirming long-awaited details about the platform’s plans.

Folkman, together with data strategist Chase Herro, also revealed crucial updates on the WLFI token distribution strategy.

They emphasized that the token sale would take place under strict supervision of the US Securities and Exchange Commission (SEC), ensuring compliance with regulatory standards.

Folkman said:

“There have been no pre-sales and no VC, early buy-ins.”

He added:

“It’s just like any other DeFi project you can expect right now, launching now with incredibly fair token distribution.”

Token details

Zak Folkman provided limited details on WLFI’s total offering, but emphasized the “incredibly fair distribution” of the token. He announced that approximately 63% would be available for public sale, without pre-sales or discounted early buy-ins for venture capitalists.

See also  BTC struggles as Grayscale pushes for approval of an ETF. Judge...

However, previous reports had suggested that 70% of the token supply would be reserved for the team.

Despite these updates, no concrete information was shared about the World Liberty Finance platform.

Quite a difference!

This was a stark contrast to the aftermath of the first assassination attempt two months ago – where Trump made headlines as the keynote speaker at the 2024 Bitcoin Conference and branded himself the “crypto president” – this time the atmosphere was noticeably different.

During his 45-minute speech, there was a noticeable lack of updates on World Liberty Financial, leaving many wondering about the future direction of the project.

That said, while Trump’s first assassination attempt had a significant impact on his Polymarket positioning, along with Bitcoin [BTC] and the MAGA memecoin, this time the market reaction was more muted.

Trump now ranks second on Polymarket, with Harris topping the charts.

PolymarktPolymarkt

Source: Polymarkt

Bitcoin also has one declinetrading at $58,749, while the MAGA (Trump-inspired memecoin) is down more than 7% in the last 24 hours.

As the situation continues to unfold, the question remains whether Trump will regain his status as “crypto president” or whether Harris will emerge as the new frontrunner.

Previous: Cathedra Bitcoin’s New Steps: What’s Next for BTC Mining?

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