For months, former president and Republican nominee Donald Trump has flirted with crypto, from speaking at the annual Bitcoin conference in Nashville to dropping hints on social media about a new project. On Monday night, he finally embraced the sector on a live Spaces on X, with the formal announcement of World Liberty Financial, a so-called "decentralized finance" initiative centered around a crypto token called WLFI.
While the details of World Liberty are still hazy, the two-hour-plus Spaces confirmed key aspects, including the involvement of little-known entrepreneurs such as Chase Herro, who has described himself as the 'Dirtbag of the Internet,' the central role of Trump's sons, including New York University student Barron, and specific provisions around insider governance, which has been criticized among crypto advocates.
