In his speech at Bitcoin 2024 in Nashville this past July, President Donald Trump expressed his full support for cryptocurrency and blockchain technology. It was a surprising shift from his earlier stance. But his reasoning is clear: the U.S. is falling behind. Countries like Dubai and Russia are advancing with blockchain, while America struggles to catch up. Trump emphasized that now is the time for the United States to lead in digital finance, innovation, and technology.
Soon after his speech, Trump took to Twitter to further express his support for World Liberty Financial.
The Need for Decentralized Finance (DeFi)
The need for decentralized finance has never been more evident than in the aftermath of hurricanes Helene and Milton. The disasters left people across five states completely cut off. As a result, power and internet outages made connecting with the outside world impossible. Our reliance on centralized systems like Verizon, which controls most network infrastructure, became a significant issue. Consequently, when these networks fail, people are left stranded. They can’t communicate, access emergency funds, or get needed assistance.
The Case for Decentralized Finance and Networks
The hurricanes exposed the weaknesses of our financial systems and highlighted our dependency on centralized communication networks. Entire communities were left in the dark, unable to reach loved ones or call for help. Traditional banking crumbled as well. ATMs stopped working, and credit cards became useless. Many needed help accessing cash or buying essentials like food and gas.
Some victims were rescued from the floodwaters, covered in muddy and smelly clothes. When they finally found an open laundromat, they faced another problem—the machines only accepted quarters. They couldn’t even clean their clothes without cash or working credit cards. In such a situation, a small solution, like using crypto or stablecoin RLUSD as payment, could have helped them use services and get necessities.
Here is where DeFi platforms like World Liberty Financial and technologies like Starlink come in. Using satellite-based internet and blockchain, residents could access crypto wallets to make payments and stay connected, even when traditional systems fail.
Transforming DeFi for Accredited Investors
World Liberty Financial aims to solve these issues by providing a platform where accredited investors can participate in the DeFi space while ensuring full compliance with U.S. regulations. The project is raising $300 million and has set an ambitious goal of reaching a $1.5 billion valuation. By incorporating strict Know-Your-Customer (KYC) protocols and adhering to SEC guidelines, World Liberty Financial offers a unique opportunity to invest in DeFi without the typical risks and uncertainties plaguing the sector.
With Trump’s backing, World Liberty Financial gains added credibility. It bridges the gap between traditional and decentralized finance, offering high-net-worth individuals and institutional investors a secure way to explore the DeFi space.
Trump’s Support for Crypto: A Path to Modernization
Trump supports World Liberty Financial because he believes in modernization. The platform, built on Ethereum, seeks to create a more adaptable financial system. In addition, it is designed to work within U.S. regulations, setting a new standard for regulated DeFi. Trump’s support is a bold statement that the U.S. must embrace blockchain now or risk falling further behind. Two sons of former U.S. President Donald Trump have taken to social media within the past 24 hours to tease an announcement related to the world of crypto and decentralized finance, or DeFi. Donald Trump Jr. also tweeted the information.
Outdated Banking Systems: A Global Problem
The flaws of the traditional banking system became apparent after the hurricanes. Specifically, cross-border transfers take up to two weeks—an unacceptable delay in today’s fast-paced world. By contrast, blockchain networks can settle transactions in minutes. During a disaster, quick access to funds is crucial. DeFi can offer this alternative when centralized systems like Verizon collapse.
Thus, decentralized solutions like World Liberty Financial can serve as a financial lifeline when traditional systems are down. They allow people to make payments, send money, and access funds in real time.
Leveraging Technology for Financial Stability and Accessibility
Meanwhile, at the recent International Web3 Tales Conference in Zagreb, attendees discussed how DeFi and Starlink could help communities during crises. Blockchain-based payments can provide uninterrupted access to funds and communication.
In disasters like Hurricanes Helene and Milton, residents could have benefited from crypto wallets for payments or emergency aid. Coin laundries, grocery stores, and gas stations could use QR code-enabled payment systems. This would let people buy goods and services without cash or bank cards.
World Liberty Financial: A Step Towards Financial Transformation
World Liberty Financial is just starting, but it’s already making waves. It combines the trust of traditional finance with the innovation of decentralized systems, and this new approach could change how we interact with money.
During the Web3 Tales Conference, speakers highlighted that DeFi is not just a trend—it’s the future of finance. Raiffeisen Bank International and Visa representatives explained why integrating blockchain into traditional finance is crucial. Vid Hribar from RBI noted that DeFi offers advantages like lower costs and new financial products. With predictions that asset tokenization could reach €16 trillion by 2030, it’s clear that DeFi will reshape finance.
Seizing the Moment: Investment Opportunities in DeFi
For those interested, World Liberty Financial presents a rare opportunity. As it nears its $300 million fundraising goal, it sets a new standard for how traditional finance can embrace blockchain. Furthermore, Trump’s support makes it a compelling project for high-net-worth investors interested in regulated DeFi.
World Liberty Financial Future Plans
World Liberty Financial is an emerging crypto project led by co-founders Steve and Zach Witkoff, alongside Folkman and Chase Herro. Their mission is to accelerate the mass adoption of digital assets by offering a compliant, all-in-one platform for alternative finance solutions.
The project proudly features Donald Trump as its Chief Crypto Advocate, with his three sons serving as Web3 Ambassadors. The team also includes Polychain Capital’s General Partner, Luke Pearson, as Head of the Platform and Dolomite co-founder Corey Caplan as Head of Technical Strategy. Together, they are set to create a robust and innovative platform for the future of finance.
Why This Matters
The devastation caused by hurricanes Helene and Milton showed us how vulnerable our financial and communication systems are. Solutions like World Liberty Financial and technologies like Starlink can help us build a more resilient, decentralized future.
Investing in DeFi isn’t just about profits—ultimately, it’s about creating a future where financial systems work for everyone. Trump’s bold entry into DeFi shows that decentralized finance is becoming vital to the financial world.
Whether you’re a tech enthusiast, investor, or just curious, now is the time to pay attention. World Liberty Financial could be your gateway to understanding the future of money—and a chance to be part of a transformative movement.