Skip to player
Skip to main content
Skip to footer
Search
Connect
Watch fullscreen
Like
Comments
Bookmark
Share
Add to Playlist
Report
Donald-Trump-launches
Nadia Tahir
Follow
9/21/2024
Donald-Trump-launches-new-cryptocurrency
Category
🗞
News
Transcript
Display full video transcript
00:00
former president Trump is rolling out a new cryptocurrency business. Trump
00:04
announced World Liberty Financial in a live stream on X saying quote crypto is
00:08
one of those things we have to do. He also suggested he would work to limit
00:11
regulation of the industry if elected. ABC's Elizabeth Chelsea joins me now for
00:16
more on that. Elizabeth what do we know so far about this platform World Liberty
00:19
Financial? You know Diane we don't have a lot of details, no clear specifics on
00:23
its financials or really what its exact purpose is. Its details have been
00:28
trickling out so here's what we do know. It's called World Liberty Financial. On
00:31
the website of this platform former president Trump's photos are prominently
00:36
featured and you can see there it does tout a digital currency. Its
00:40
symbol there is WL. That could be similar to something you'd see like
00:45
Bitcoin but the value of this digital currency the business venture says would
00:49
be tied to the US dollar so that's actually called a stable coin compared
00:53
to Bitcoin in the world of cryptocurrency. What we have heard
00:56
former president Trump and his family expect especially Eric Trump and Don
01:00
Jr. his sons they have touted this as a way for typical American households to
01:05
invest in cryptocurrency so it could be a platform kind of like a crypto bank
01:09
where you would buy and sell crypto assets but there is the reality here
01:13
that they as founders would likely benefit if the value Diane of that
01:18
digital currency does go up that could make their own family money. Now Trump's
01:23
been skeptical in the past about cryptocurrency and once even called
01:27
Bitcoin a scam so what changed? An absolute turnaround from the former
01:31
president on this issue he was an outspoken skeptic of cryptocurrency he
01:35
regularly bashed it as an investment type and yet we've seen over the past
01:39
couple of months in this campaign he has really now become an advocate for
01:43
crypto and part of that is the fact that we have seen him directly courting big
01:48
crypto donors. Donors in that industry who have been spending a lot of money on
01:52
this campaign Diane more money than a lot of other corporations. The former
01:56
president has spoken at cryptocurrency events he has vowed to kind of
02:01
deregulate this industry which has faced increasing scrutiny here in
02:05
Washington. Many here still call it kind of the Wild West when you think about
02:09
regulation of digital currencies of Bitcoin of those assets and the former
02:14
president has really made it a part of his platform to say I you know I mean
02:18
the Securities and Exchange Commission some of those regulators have gone too
02:22
far. So Elizabeth what could this mean from an ethical standpoint if Trump wins
02:28
the election? Big ethical questions here and some that ethics watchdogs that
02:32
we've spoken with at ABC News are already sounding the alarm about because
02:35
the fact is if the former president does stay invested in cryptocurrencies that
02:39
could pose a conflict of interest if he is then overseeing as the President of
02:43
the United States if he's reelected these agencies that are charged with
02:46
regulating that industry and it's not just cryptocurrency Diane this is
02:49
something we have seen concerns about with some of the other businesses of
02:52
the former president his media company which owns that platform truth social he
02:57
has vowed he will not sell a stake in that company if he owns a publicly
03:01
traded company while in office again questions about what that would look
03:04
like from an ethics point of view Diane. All right ABC's Elizabeth Shelsey thank
03:09
you
Recommended
59:17
|
Up next
Donald.Trump All American Billionaire
chtv38
7/20/2020
0:37
Trump Launches Controversial Crypto Venture
Cheddar News
9/18/2024
9:43
Timeline: Musk’s Bold Break from Trump Over ‘America Party’ Launch
Diario As
7/6/2025
1:37
Trump tells crypto team to draft new rules, explore US stockpile
TrendLoop
1/24/2025
7:58
Donald Trump launches new cryptocurrency days before inauguration
CNN
1/20/2025
1:22
Trump order halt to production of the one-cent coin
Diario As
2/10/2025
0:38
Trump Set to Unveil His Crypto Platform on Monday as Former President Aims to Make US a Global Leader in DeFi
Benzinga
9/16/2024
3:22
$MELANIA's Big Blow To $TRUMP: What Are Meme Coins Launched By U.S President-Elect and His wife?
Oneindia
1/20/2025
2:22
Trump pledges to make US world's crypto capital
The Manila Times
3/8/2025
1:23
Trump Gala Dinner Saw President Wine And Dine Top Memecoin Holders As Protestors Flashed 'Don The Con' Signs — Exclusive
Benzinga
5/23/2025
0:43
Trump Memecoin Regains Momentum, Rallies 22% As The President Calls Billions Earned Through The Venture As 'Peanuts'
Benzinga
1/22/2025
1:23
DONALD TRUMP threatens 10% tariff on BRICS countries "VERY SOON"
Diario As
7/8/2025
14:03
The 3 Easy New Ways Anyone Can Funnel Money Directly To Donald Trump’s Businesses
Forbes Breaking News
5/19/2025
0:41
'I Don't Know Anything About It': Trump Pressed On $2 Billion Deal Using Trump Cryptocurrency
Forbes Breaking News
5/14/2025
5:17
Trump Talks Trade, New Yorkers Talk Prices: Street Vendors Get the Love
Diario As
4/10/2025
0:32
Trump to Promote Sons' Crypto Platform 50 Days Before Election, Aims to Make U.S. the 'Crypto Capital' of the World
Benzinga
9/13/2024
2:10
US president-elect Donald Trump once called cryptocurrencies a _scam_ but changed his tune in the run up to the election. The National looks at why _trump(
5 Star ✴
3/13/2025
1:17
Donald Trump will embrace cryptocurrency if he is re-elected President
Bang Tech News
8/1/2024
25:57
Investiture de Donald Trump - Partie 5 - 20/01/2017
i24NEWS
1/21/2017
14:06
Senate Democratic Leaders Torch GOP Budget, Take Aim At Trump Crypto Ventures
Forbes Breaking News
5/7/2025
0:33
Donald Trump announces 2024 run for President
inews
11/16/2022
1:27
Trump warns: “BRICS was created to destroy the US dollar”
Diario As
7/8/2025
0:52
Nag Panchami 2025 Wishes, Messages, Quotes And Greetings To Celebrate The Worship Of Nagas
LatestLY
yesterday
0:52
Hariyali Teej 2025 Wishes, Messages And Greetings To Honour The Divine Union Of Shiva & Parvati
LatestLY
3 days ago
1:36
Are TRAI Officials Calling Users To Suspend Their Mobile Numbers? PIB Fact-Checks Phone Call Scam
LatestLY
5 days ago
