Donald Trump has announced a new cryptocurrency platform called DeFiant Ones, aiming to challenge big banks and financial elites. The former president promoted it on Truth Social, claiming it will empower average Americans against financial giants. He didn’t provide many details but linked to a Telegram channel that has quickly gained over 40,000 subscribers.
Trump’s push for crypto comes after he previously criticized Bitcoin. Last month, he spoke at the Bitcoin 2024 conference, promising to set up a presidential advisory council for crypto and a national Bitcoin reserve from seized criminal funds if elected.
Trump’s sons have also been discussing DeFiant Ones, with Eric Trump calling it “digital real estate.” This could involve either tokenizing real-world assets or creating virtual property in the metaverse.
Business
Editorial
Donald Trump Announces New Cryptocurrency Platform to Challenge Big Banks
Advertisement
Technology / Science Contributor
Ishant Sharma is a Technology and Science Contributor at BigBreakingWire, covering artificial intelligence, software, semiconductors, gadgets, and emerging technologies.
Last reviewed by Ishant Sharma on August 31, 2024
Disclaimer: BigBreakingWire provides news and informational content for general educational purposes only. The information presented on this website does not constitute financial, investment, tax, or legal advice. Readers should consult qualified professionals before making any financial decisions. BigBreakingWire, its authors, and editors are not responsible for any financial losses or damages arising from the use of information on this site.
