Republican presidential candidate Donald Trump announced Thursday afternoon the official launch date of World Liberty Financial, the crypto project that has been teased by his family for the past two months.

"Join me live on Twitter Spaces at 8 p.m. this September 16 for the launch of World Liberty Financial," Trump says in a video posted from his official X account. "We're embracing the future with crypto and leaving the slow and outdated big banks behind."

Donald Trump Jr. and Eric Trump on Aug. 7 teased upcoming announcements related to the world of crypto and DeFi. On Sept. 3, CoinDesk reported on a whitepaper being workshopped that said the project will be built on the decentralized finance platform Aave and the Ethereum blockchain and center around a "credit account system.”

In his bid for reelection this year, Trump has embraced the crypto community after previously holding a negative stance. He went so far as to speak at the Bitcoin 2024 conference earlier this summer, where he said he would fire SEC Chair Gary Gensler if he were elected president again. He also announced he would stop the U.S. from selling any of its 213,000 bitcoin.

This is a developing story.

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