World Liberty Financial White Paper Names Donald Trump as “Chief Crypto Advocate”

Campbell Harvey, a finance professor at Duke University, said of Trump's announcement of the launch of the crypto project World Liberty Financial: "This move is consistent with Trump's policy stance in support of cryptocurrencies. It's one thing to say you support crypto, and it's another to start a company in this space." Yesterday's more than two-hour X Spaces did not reveal specific details of the project or when it would go live, but did say it would issue a digital token, WLFI, which would play a role in business management. But Americans must be verified accredited investors to buy it. This Spaces also touched on a range of other topics, such as stablecoins, tokenization, access to credit, and digital payment services. Before Trump held this X Spaces, the World Liberty Financial white paper listed Donald Trump as the "chief crypto advocate," Eric Trump and Donald Jr. as "Web3 ambassadors," and 18-year-old Barron Trump as the "chief DeFi visionary." A disclaimer in the document states that the company is "not owned, managed, operated, or sold by the Trump family," while noting that they may receive compensation.