Markets remain on the lookout after an announcement that Donald Trump has a big plan for crypto, which will be revealed on Thursday afternoon.

Evidence of the anticipation is a strong move for Bitcoin (BTC), eyeing the $61,000 threshold as the US session commences.

Donald Trump Plans Huge Crypto Announcement

Trump shared on X (formerly Twitter) that he will reveal his plan to make the US a crypto capital for the world. Along with the announcement, the Republican presidential aspirant tagged World Liberty Financial, a DeFi project his sons, Donald Jr. and Eric Trump, promoted. 

“This afternoon I’m laying out my plan to ensure that the United States will be the crypto capital of the planet,” the announcement said.

Barely an hour before Trump’s announcement, the World Liberty Financial’s Telegram channel cautioned about scams. In hindsight, Donald Jr. and Eric Trump have hinted at upcoming crypto and DeFi-related announcements.

“We’re about to shake up the crypto world with something HUGE. Decentralized finance is the future — don’t get left behind, “Donald Trump Jr. wrote on August 7.

Read more: Crypto Regulation: What Are the Benefits and Drawbacks?

The announcement had raised eyebrows, given the multiple iterations of Trump NFTs (non-fungible tokens) already in the market. A day before Donald Jr.’s post, Eric Trump expressed his love for crypto and DeFi, also hinting a

Go to Source to See Full Article
Author: Lockridge Okoth

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details