In a totally unexpected turn of events, Ex-President Donald Trump revealed today that his sons crypto business will go public next Monday, just 50 days before the 2024 Presidential Election. The date of the reveal itself is currently unclear, with some news outlets speculating that it will happen 16 September 2024, as a further business interest of the Trump family slips into tech territory. Of course, the news has sparked a lot of attention because Trump is still an important political figure and potential candidate in the upcoming election.
The Big Announcement
The president revealed this in one of his rallies earlier during the week. It would be run by his sons, Donald Trump Jr. and Eric Trump, he said of the new cryptocurrency venture. This is a revolutionary business that Trump says will “change the way people look at virtual currency. Wade previously revealed: “This is a project we’ve been working on for awhile now and it’s something that we’re all very excited to announce.
The venture will reportedly center on a new digital currency, which it would trade on existing large exchanges. Junior has made no secret of his enthusiasm for tech and finance, suggesting that the new venture is his first foray into the crypto wars.
Why Now?
The timing of this announcement has left many to question it. It was 50 days out from the 2024 Presidential Election, so its release might have been a tactical one. Maybe Trump, the master marketer and grand attention-hound that he is, just wants another shot at keeping himself front and center. There are some political analysts that have opined that this move might be an effort to capture the younger voters who are drawn towards cryptos and the consequent financial liberations.
It could also be away to take some of the heat off political controversies by launching a brand new business just days before Australians go to the polls. Trump is under some legal battles and investigations, so to him this crypto launch may be a beneficial distraction that turns his energy into innovation and business giving up on politics.
Trump Family And Cryptocurrency
This is not the first time the Trump family has flirted with cryptocurrency. Though Donald Trump has expressed skepticism in the past about Bitcoin and other digital currencies, his children have been more open to such ideas. The same is true of Donald Trump Jr., who has even publicly expressed his support for blockchain and what it can do to certain industries.
More quietly, Eric Trump has made it clear that he may also be a fan of digital assets lending as well. This new business venture would appear to be a family affair, with both the sons taking top jobs. The system has been widely rumored to be developed by the Trumps along with a number of blockchain experts and developers and will provide efficient, lightning fast transaction times for users.
The New Crypto Business: What We Know so Far
Information is still sparse about the new cryptocurrency firm, but here’s what we know for certain:
- Name: The name of the cryptocurrency has yet not been officially revealed But — sometimes you hear that its name might be “Trump Coin”, or something in the ballpark.
- Platform: The company is adding a platform — the marketplace where users can buy, sell and hold the new digital money. Wallet services for secure storage of digital assets
The Trump family is said to have partnered with some of the blockchain and cryptocurrency space’s major players. With that said, the joint venture is likely to give the company added credibility and cool in the hot crypto world.
The official launch event on Monday will be attended by high-profile figures in the tech world. The hoped-for showdown is rumored to go down in New York City, but the exact location has yet to be solidified.
Crypto Batter : Things you Should know About
Possibly Impacting the Election 2024
The timing of its launch has fueled speculation that it could influence the upcoming election. But as some view the business shift as drawing new interest to Trump and his family, others perceive it as an ethical gray area. The opportunity for a sitting consulate to file documents could easily be interpreting as an act of conflict especially if used in the financing of political activities so close to electing time this way.
Supporters, however, hail it as demonstrative of Trump’s entrepreneurial chops. They think this new venture will showcase his ability to innovate and not be afraid to take risks, which could but him some points with voters that want candidates who come out of the business world.
Where Crypto Community Went Down
Mixers — An Excited But Wary Crypto Community While the Trump family connection has piqued the interest of many, some have raised concerns that there could be political links to the project. Cryptocurrencies are intended to be decentralized and void of government control, so intervention from Trump could potentially result in further regulation, or even see the asset class come under official oversight.
Conversely, Trump joining the crypto world could draw larger scale focus to digital currencies. Some have speculated that Trump giving a new cryptocurrency his stamp of approval could give the fledgling project areal shot in the arm when it comes to both support and credibility, particularly among conservative investors who have been slow to come around on crypto. This is Also observed in world crypto conference.
What Do the Trumps Momentum?
And so, less than a year before the father takes office for the first time… but most definitely not the last… here we are: days away from the launch of yet another Trump family cryptocurrency venture. But will it survive and compete with other digital currencies on the internet or does it need to be shut down?
It is apparent that at least for the time being, the Trump will not be avoiding taking chances in both business and politics. With the 2024 Presidential Election merely a heartbeat away, this latest undertaking only further complicates what is already a colorfully evolving narrative from the Trump family. That is left to seen whether it will help or hurt Trump’s political aspirations, but what we do know is that the Trump family isn’t done making waves.
