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Journalist
Tanzeel Akhtar
Journalist
Tanzeel Akhtar
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Donald Trump Jr. made a guest appearance at DeFi World on Wednesday in Denver, appearing via livestream to discuss the vision and mission of World Liberty Finance.
In his address, Trump Jr. painted a picture of a financial future where decentralized finance (DeFi) and traditional finance (TradFi) converge to create a unified system that democratizes access to liquidity for all.
He emphasized that the primary goal of World Liberty Finance is to bridge the long-standing gap between conventional financial institutions and the innovative world of blockchain technology, ultimately providing underserved communities with the tools they need to participate in a fairer financial ecosystem.
Trump Jr. Criticizes Past Administrations
Trump Jr. explained there is a need to create a regulatory framework for the crypto and DeFi industry that provides clarity and allows businesses to operate safely in the US.
He highlighted the necessity of a framework that encourages repatriation of assets to the U.S. and criticized past administrations for hindering innovation with ill-informed regulations.
Trump Jr. went on to express optimism about the current administration’s potential to create sensible regulations, supported by experts familiar with both traditional finance and DeFi, to foster growth and attract global talent.
“The problem that we have seen in Washington DC for the last few decades is that the people who actually get to make decisions are oftentimes people who know nothing about the subject [crypto] that they’re writing the laws about…they’ve just been there longer,” said Trump Jr.
“I think that the regulatory framework has to be guided by people that know what they’re actually doing,” adds Trump Jr.
Throughout the livestream, Trump Jr. shared personal anecdotes from his own experiences in both the financial world and politics, highlighting the undemocratized nature of traditional finance. He argued that many people have been excluded from mainstream financial opportunities due to systemic barriers, and stressed the importance of creating a system where transparency and accessibility are at the forefront.
The integration of DeFi and TradFi, he noted, is not just about technological advancement; it is about delivering real-world benefits, such as improved liquidity.
World Liberty Finance to Announce More Partnerships
During his discussion, Trump Jr. detailed the partnerships World Liberty Finance has forged with leading projects like Chainlink and Tron.
He hinted at upcoming partnerships and product launches, inviting the audience to stay tuned for further announcements that promise to expand the project’s influence and capabilities in the market.
In addressing newcomers to the DeFi space, Trump Jr. advised them to begin their journey with small, manageable steps. He encouraged potential users to educate themselves by reading a diverse range of sources, cautioning them against misinformation.
His personal reflections included an anecdote about his son’s early ventures into meme coins, illustrating the steep but rewarding learning curve that characterizes the crypto market.
