By Hannah Lang
(Reuters) – Republican former President Donald Trump offered few details on Monday about a new cryptocurrency business that was announced by family and associates at an X-Space live event.
President Trump discussed a wide range of topics, including the second assassination attempt that occurred on Sunday and his transition from cryptocurrency skeptic to cryptocurrency supporter.
But neither he nor his family would provide details about the company, World Liberty Financial, how it was founded, how it was funded or what services it might offer.
It is unusual for a presidential candidate to launch a new venture so close to an election, but Trump has been seeking out digital asset advocates and their funding ahead of the Nov. 5 election.
While President Trump has previously derided cryptocurrencies as a fraud, he embraced digital assets during his reelection campaign, promising to make the U.S. the “crypto capital of the earth” with light regulation and a national Bitcoin reserve.
President Trump’s eldest sons, Eric and Donald Jr., have been promoting the project in recent weeks, promising to “transform” the world of digital asset finance without providing further details.
(Reporting by Hannah Lang in New York; Additional reporting by Alexandra Ulmer; Editing by Michelle Price, Dan Burns and Lincoln Feast)
