Overview

• Donald Trump, once a crypto skeptic, has announced the launch of World Liberty Financial, a decentralized lending platform, alongside his sons and other partners.
• The venture aims to democratize finance by providing easier access to loans, but details about its operations and business model remain scarce.
• Ethics watchdogs warn that Trump's involvement in a new business venture close to the election could pose significant conflicts of interest if he is re-elected.
• Industry experts and listeners of the launch event expressed skepticism, noting the lack of specific details and the involvement of controversial figures in the project.
• Trump's campaign has been embracing crypto interests, with plans to accept contributions in cryptocurrency and pledges to make the U.S. a 'crypto super-power.'