During his presidency Donald Trump referred to cryptocurrencies as a scam, but has since radically changed his positionFormer U.S. President Donald Trump's cryptocurrency platform had a faltering sales launch Tuesday, with only a fraction of its digital tokens that went on the market finding a buyer. The Republican candidate announced in mid-September that he, along with his sons and entrepreneurs, would launch the platform named World Liberty Financial. The tokens can be used as cryptocurrencies and give buyers a vote on the platform's governance. Many observers blamed the low sales on technical problems, as the company's website suffered outages earlier in the day. During his presidency Trump referred to cryptocurrencies as a scam, but has since radically changed his position, presenting himself as a "pro-bitcoin president" if elected in November.

Source: New York Times October 16, 2024 12:09 UTC