"During a two-hour livestream on X Spaces, Trump, his sons, and their business partner Chase Herro, who once described himself as the "dirtbag of the internet," debuted a new crypto endeavor called World Liberty Financial. Trump's appearance was largely promotional. In his opening remarks, Trump did not speak directly about World Liberty Financial,instead touching on Sunday's thwarted assassination attempt, giving a condensed version of his campaign stump speech, and outlining his hopes for the future of cryptocurrency in the U.S."
"World Liberty Financial is a project in what is known as DeFi, or decentralized finance, in which users of a platform can lend and borrow crypto to another without an institution, like a bank, in the middle. During the livestream, Donald Trump Jr. spoke of the family's own experience being debanked, a term referring to the difficulties certain individuals or companies have in accessing credit lines from established financial institutions."
Donald Trump and his sons participated in a two-hour X Spaces livestream to promote World Liberty Financial, a new crypto venture associated with partners Chase Herro and Zachary Folkman. Trump focused his opening remarks on a recent thwarted assassination attempt, a campaign-style speech, and ambitions for cryptocurrency in the U.S., warning that China could dominate the space. Bloomberg reports the Trumps do not own or operate the project, which appears run by Herro and Folkman, who were introduced via investor Steve Witkoff. The project is positioned in DeFi, and Donald Trump Jr. referenced the family's experience being debanked.
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