On September 16, 2024, Donald Trump is expected to launch his cryptocurrency project World Liberty Financial, a bold move to deepen his involvement in decentralized finance (DeFi). However, just a day before the event, Trump survived his second assassination attempt in two months. This not only raised concerns about his personal safety, impacting his election campaign, but also raised questions about the future of the World Liberty Financial project.
Second failed assassination attempt
On September 15, 2024, while Mr. Trump was playing golf at Trump International Golf Club in Florida, the US Secret Service spotted the muzzle of a gun protruding from the bushes along the golf course, about 400 yards (366 m) away. They fired at the gunman, who fled in an SUV, leaving behind his equipment, including a GoPro dash cam. He was later arrested.
A bullet grazed his ear during a political rally in Pennsylvania in July. These attacks have raised concerns among officials and the public about Mr. Trump’s current security, especially now that he is no longer the sitting president.
World Liberty Financial: A New Step For Finance?
World Liberty Financial is presented as more than just a regular cryptocurrency project. It is a decentralized finance (DeFi) platform built on the Ethereum blockchain ($ETH ), with a range of features such as a digital wallet, a credit account system, and currency lending and borrowing services. In particular, the project also focuses on the use of stablecoins tied to the US dollar, with the goal of promoting the global dominance of the dollar in the context of BRICS countries looking to replace it with other currencies.
While not many specifics have been released, it is clear that World Liberty Financial is not just about providing digital financial services. The project is also scalable with a non-transferable governance token that gives users the right to participate in decision-making about the development of the platform.
With the revelation of a potential collaboration with Aave ($AAVE ) - one of the largest DeFi protocols, World Liberty Financial is also seen as an important step in promoting the use of stablecoins globally.
Donald Trump: From Politician to Cryptocurrency Innovator
The project is a major shift for Mr. Trump, who was once skeptical of cryptocurrencies but has now become an active supporter of DeFi and blockchain, while defending the global position of the US dollar.
The combination of traditional finance and blockchain technology could help Trump’s project reach a large audience, especially those looking for alternatives to the traditional banking system. However, the close connection between politics and cryptocurrencies in Trump’s case could be a double-edged sword. While he may have the support of his loyal fans, there are also concerns about the sustainability and safety of the project in a volatile political climate.
Impact on Cryptocurrency Market
The two assassination attempts have raised concerns about the future of World Liberty Financial. Can the project thrive in such a risky and volatile environment? In fact, the success of a DeFi project depends heavily on community trust. While some supporters see the project as a bold move against the traditional banking system, potential investors may be concerned about its long-term stability, especially given the danger to Mr. Trump and the possibility of the project being subject to tighter controls to protect its leader.
Will World Liberty Financial Succeed?
With all of these factors in mind, the future of World Liberty Financial remains a big question mark. The project could usher in a new era of decentralized finance, but it also faces many challenges. On the one hand, the involvement of a figure like Donald Trump could attract a lot of attention from the media and investors. On the other hand, threats to his safety and political connections could raise concerns about the project’s long-term stability.
Overall, World Liberty Financial is an ambitious project, not only because of the cutting-edge features it brings, but also because it represents a major shift for Donald Trump from politics to the cryptocurrency space.
Trump has escaped twice in two months, what do you think about the success of the launch of the World Liberty Financial project tomorrow (8 p.m. ET September 16, 7 a.m. September 17 Vietnam time).
#Write2Win #WorldLibertyFinancia #TRUMP #BRICS #BinanceTurns7
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