Overview
- Donald Trump will unveil the World Liberty Financial crypto project on Monday, September 16, in a live address on X.
- The project, managed by Trump's sons Donald Jr. and Eric, aims to challenge traditional banking by embracing decentralized finance (DeFi).
- Trump's involvement in DeFi has raised concerns among Bitcoin advocates who fear it may confuse his conservative base about the distinctions between Bitcoin and other cryptocurrencies.
- The announcement has led to a surge in betting odds on Polymarket, with an 84% chance that Trump will issue a verifiable token before the November election.
- Skeptics warn that the project could face significant risks, including potential scams and cyberattacks, which have already plagued its early stages.