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August 24, 2024
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Trump announces launch of his own cryptocurrency platform

Trump announces launch of his own cryptocurrency platform

Trump did not give details about the project, called The DeFiant Ones.

Trump was unfavorable to cryptocurrencies during his presidency, calling them a “scam,” but he radically changed his position to the point of defending them.

At a major industry conference in Nashville, Tennessee, in late July, the real estate developer pledged that if elected again, he would be “the pro-innovation, pro-bitcoin president America needs.”

The Biden administration is seen as a proponent of regulating the sector.

The platform promised by Trump will be based on decentralized finance or DeFi, which allows intermediaries such as banks to be bypassed when making transactions with third parties.



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