Donald Trump has put his name on a cryptocurrency platform.
The former US president and current presidential candidate announced in a Truth Social post that he has launched a cryptocurrency business called The DeFiant Ones, reports The Verge. The Truth Social post acknowledges that “average Americans have been oppressed by big banks and the financial elite,” but does not provide further details about what The DeFiant Ones is, how it works, or how it will benefit average Americans.
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It could be anything from an entire cryptocurrency to an exchange market or even a website about cryptocurrencies. It’s hard to say at this point, but as The Verge noted, Trump’s son Eric recently said: New York Post DeFiant could exist to help people who are “unbanked,” meaning they don’t have a savings or checking account at a bank or credit union. According to the FDIC, 5.9 million Americans are unbanked as of 2021.
This may be a noble cause for DeFiant, but Donald Trump has a long and ignoble history of not being particularly honest or responsible with money, and those who choose to invest in DeFiant may be taking a risk, if that is indeed possible.
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Cryptocurrency Donald Trump
