Trump Family DeFi project 'World Liberty Financial' to launch

- "Trump DeFi Project World Liberty Financial to Launch on September 16" - "Live Broadcast Planned on Twitter Space, Concerns Over 70% Internal Token Allocation" [Unblock Media] Former President Donald Trump is set to launch a new decentralized finance (DeFi) project called "World Liberty Financial." This project will be announced via a live broadcast on Twitter Space on September 16 at 8 PM. Trump, who is 78 years old and previously held a skeptical view on cryptocurrencies, is now embarking on this new DeFi initiative, emphasizing cryptocurrencies over traditional banking systems. World Liberty Financial is one of several cryptocurrency initiatives recently issued by the Trump camp, sparking diverse reactions from experts. Following the DeFi project "The Defiant Ones" announced on Truth Social last month, this new platform is poised to bring innovative changes to the global financial market. Eric Trump, Donald trump family, hinted in an interview with the New York Post that the project includes "digital real estate." This has led to speculation about the tokenization of real-world assets or the sale of digital assets within the metaverse. However, the project might also face complex legal disputes over the legal ownership of digital assets. The 'World Liberty Financial' website advertises high-yield crypto investments and various financial tools. However, the lack of detailed information about the project has experts concerned. Potential issues with the 70% insider token allocation include market manipulation risks, dumping risks, lack of circulating supply, governance issues, regulatory risks, long-term vision problems, lack of transparency, and valuation difficulties. A similar case is the 2017 BitConnect incident, where insiders held a large amount of tokens and manipulated prices. Ultimately, Trump's World Liberty Financial is expected to create significant waves in both the financial and political arenas. The project could be seen as an innovative attempt to replace the existing financial system, and it will be crucial to observe how regulatory authorities around the world respond. Continuous monitoring is essential to see what outcomes Trump's DeFi protocol achieves and how it influences regulatory and legal frameworks.