The news: Former President Donald Trump rolled out the World Liberty Financial cryptocurrency venture, per a livestream on X (formerly Twitter).
- Trump has promoted the venture since August but gave no launch date or details in the livestream. The former president avoided answering questions about cryptocurrency.
- World Liberty Financial’s stated mission is to drive the “mass adoption of stablecoins.” Some people involved have pitched it as a borrowing and lending service used to trade cryptocurrencies, per the New York Times.
Trump is the organization’s “chief crypto advocate,” and his three sons are also listed as leaders.