In this election campaign, Donald Trump has chosen the role of an ally of the cryptocurrency industry. In particular, he has already promised to turn the US into the cryptocurrency capital of the world, to approve a new regulatory framework for digital assets, to stop selling confiscated coins from government wallets, and to release the creator of the Silk Road darknet platform Ross Ulbricht from prison.

Former US President Donald Trump

This strategy of Donald was not accidental, as he had previously launched several NFT collections and made good money on them. As a result, the politician now has the equivalent of $5.7 million worth of coins on his Etherium wallet.

The state of Donald Trump’s cryptocurrency wallet today

Trump family cryptocurrency project

The Twitter conference was hosted by a popular digital asset enthusiast under the pseudonym Farokh. It was also attended by Trump’s sons along with property investors Steve and Zach Witkoff.

The former president himself ended up admitting that it was his kids who helped open his eyes to the prospects of digital assets. Here’s his line from the speech.

Because so many people were paying this way [cryptocurrency – editor’s note], I was amazed. If the payment was in dollars, I would call the amounts standard. I was surprised by the huge amount.

To be honest, it surprised me, and it’s been quite a while – a lot of things became clear to me then. Perhaps my children have opened my eyes even more.

In this quote from The Block journalists, Donald Trump is referring to the revenue from sales of his NFT collections. Recall, he has already launched four series of collectible tokens and items, which in total have brought him about $7 million in profits.

Former US President Donald Trump

Before launching his first NFT collection in December 2022, Trump admitted that digital assets do not interest him. He had previously criticised Bitcoin during his first term as president, saying he was not a “fan of cryptocurrency”.

After leaving the White House in 2021, he said in an interview that Bitcoin “just looks like a fraud.”

Since then, the politician’s stance on the coin industry has changed significantly, with the NFT contributing to that, among other things. Here’s a rejoinder on the choice of payment instrument for unique tokens in Trump’s collections, in which the politician was surprised by the number of people willing to spend their digital assets to buy NFTs.

I asked what percentage is Bitcoin compared to other cryptocurrencies, and it turns out it’s overwhelming.

Since the first tokens sold out in 2022, Trump has issued three more series – sales of the latest one started in August.

The Donald also separately praised his youngest son, who attended the broadcast. The politician proudly noted that Barron is an experienced cryptocurrency user, despite his 18-year-old age.

Barron is just a genius at it. He’s still just a few years old, but he’s already very knowledgeable. Barron talks about his cryptocurrency wallets all the time – he has four, I think. He’s 100 per cent on the subject.

Barron Trump, the youngest son of Donald Trump

Trump also said there’s a difference in how people of different ages perceive digital assets. The quote here is cited by Decrypt.

Younger people seem to have a much better understanding than the older generation. But I have a lot of respect for that.

During the discussion, it was revealed that World Liberty Financial will be selling a non-transferable management token under the ticker WLFI. In light of the regulatory uncertainty surrounding digital assets in the US, WLFI plans to limit participation in the sale to accredited investors.

The tokens will be distributed as follows: 63 per cent will be sold to investors, 17 per cent will go to user rewards and 20 per cent to the team.

Trump believes the future prospects for the coin industry will be bright. Here’s the line.

When I do my projects, I see more and more of cryptocurrency payments being made. People are favouring crypto. Just a year or two ago, it was a rarity. I think cryptocurrencies have already gained momentum, although this is just the beginning, and they have a great future ahead of them.

Former US President Donald Trump

Recall, for the first time about the project World Liberty Financial began to talk about it back on 7 August, Donald Trump Jr. and Eric Trump. On September 3, the media reported on the upcoming whitepaper, claiming that the project will be built on the decentralised Aave platform on the Etherium blockchain and will focus on a “lending system”. In other words, the platform would clearly allow borrowing.

But for Jarett Seiberg of TD Cowen Washington Research Group, the prospect of WLFI launching looks bad for the coin industry as a whole – and especially if Trump wins the election. Still, such a thing would, in theory, cause many of his political opponents to openly oppose the crypto market, which would only hurt its development.

However, if Donald realises his election promises and ensures the creation of an adequate regulatory framework for digital assets, then the situation of the coin sphere will clearly improve significantly.


The launch of a new platform by the Trump family seems to be a positive event for the coin industry. Still, the product will clearly attract the attention of new cryptocurrency holders and introduce people outside the niche to the field of decentralised finance. Obviously, because of this, the reputation of digital assets will improve one way or another.


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