Sam is CoinDesk's deputy managing editor for tech and protocols. He reports on decentralized technology, infrastructure and governance. He owns ETH and BTC.
Donald Trump and his sons have for weeks teased an upcoming cryptocurrency project, but they've been light on details in public.
World Liberty Financial"highlights the power of blockchain in an accessible way," according to the white paper. Though the app isn't ready for prime time, a review of a since-deleted codebase on GitHub shows that the project – at least in its early stages – appears to have lifted code directly from Dough Finance, whichin July's hack.
According to the white paper for the rebranded World Liberty Financial, the project will include a"credit account system" – built on decentralized finance platform Aave and the Ethereum blockchain – to facilitate decentralized borrowing and lending. Previous efforts to create crypto brokerage services have seen mixed results. Companies like Voyager Digital, which offered brokerage services, fell into bankruptcy in 2022, costing customers significant chunks of money. More traditional financial firms have also made moves towardThe project's figurehead is Donald J. Trump, who has taken the title of"Chief Crypto Advocate." His sons, Eric Trump and Donald Trump Jr.
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