The Trump family officially takes action: the first member of the "mysterious" team of the American financial revolution is exposed!

The Trump family, the former U.S. president and Republican presidential candidate, officially announced last week that it officially launched a new cryptocurrency project, World Liberty Financial (WLFI), and declared that a new era of finance has arrived. On Saturday (August 31), WLFI’s official Twitter account announced that the first member of the “mysterious” team behind the scenes is Dolomite co-founder Corey Caplan.

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Kaplan, an early Ethereum builder, cryptopunk enthusiast and one of the most innovative minds in decentralized finance (DeFi) since 2017, joins World Liberty Financial’s advisory team.

Kaplan co-founded DeFi platform Dolomite, which bills itself as a next-generation money market platform and decentralized exchange. It launched on Arbitrum One in October 2022 and has since expanded its operations into other blockchain ecosystems, including Polygon’s zkEVM, Mantle and X Layer, and offers a variety of services including margin trading, lending and portfolio management .

World Liberty Financial said it will announce additional team members in the coming days, calling news of Kaplan's involvement in the project "the first of many."

"This is the first of many great talents we will be excited to share with you in the coming days," WLFI's official Twitter read.

Eric Trump, Trump’s son and executive vice president of the Trump Organization, announced on Twitter last Thursday the official launch of the cryptocurrency project WLFI, and tagged the official Twitter account with the full name @worldlibertyfi . He declared that "a new era of finance has arrived."

related reading：Eric Trump warns that detailed digital real estate plans have not yet been clearly disclosed and no tokens have been issued yet

According to The Block, World Liberty Financial is a yet-to-be-launched crypto project promoted by Trump’s sons Eric and Donald Trump Jr. The project also has the support of Trump, who recently tweeted about World Liberty Financial, tagged the project and shared a video in which he vowed to ensure the United States becomes "the planet's best." Crypto Capital”.

Specific details of the project, including what services will be provided and exactly how the Trump family will be involved, remain unclear.

The Trump campaign has made numerous overtures to the cryptocurrency community over the past few months, including speaking at the Bitcoin 2024 conference in Nashville. Trump also launched the fourth series of NFT collections and began accepting cryptocurrency donations.

CoinTelegraph stated that although many American cryptocurrency advocates stand with Trump in the upcoming presidential election, some of his policies go against the deflationary and decentralized principles on which the industry was founded.

Trump has received significant support from the cryptocurrency community since he has repeatedly made it clear that he will support the cryptocurrency industry under his administration.

Overall, the U.S. presidential candidates’ policies toward cryptocurrencies in the November election are gaining traction in public discussions as more and more cryptocurrency holders transform into a potentially influential voting bloc.

Fed Chairman Powell's term ends in 2026, and the president has the right to nominate a new candidate, but the choice requires Senate approval.

“If Trump wins the 2024 election, he may use the opportunity to nominate someone more consistent with his monetary policy views, which could lay the groundwork for a major shift in the Fed’s policy approach,” CoinTelegraph Outlook said.

source：CoinTelegraph

Peter M. Moricz, partner of Bitcoin Oracle dlcBTC, was a derivatives trader with 20 years of experience in financial markets. He believes that inflationary policy may be dangerous under the current U.S. economic conditions. He said: "The United States is saddled with $35 trillion in debt, and the only life-saving straw is confidence in the strong dollar. If this confidence disappears, the United States will be in big trouble, which means there will be huge buying opportunities for Bitcoin."

He believes that Bitcoin will soar as the dollar weakens because "Bitcoin thrives on chaos, and Trump will cause chaos if he promises to start his presidency with inflationary economic policies and deregulation."

Trump has also publicly expressed his desire to deregulate cryptocurrencies and artificial intelligence (AI), with Nick Cowan, CEO of fintech company Valereum Group, saying: “Deregulation should reduce the current red tape so that innovators can build their own businesses. ”

He emphasized the importance of investor protection and said that "the right balance can enable a digital utopia," in which a rapidly growing economy and clear regulatory scope will drive adoption and position the United States as a leader in the cryptocurrency space. and benefit the entire industry.

Trump promises to fire SEC Chairman Gary Gensler on "day one" if re-elected, reversing the SEC's current anti-crypto stance and speaking at the 2024 Bitcoin Conference "From now on, the rules will be made by people who love your industry, not people who hate your industry," he said.