Donald Trump has officially entered the cryptocurrency arena with the establishment of a new platform.
The former president, currently campaigning for a return to office, declared the launch of his crypto business, The DeFiant Ones, in a post on social media. He highlighted the financial strain facing the average American, who he claims has been marginalized by major banks and financial elites. However, specific details about The DeFiant Ones, including its operational framework and benefits for everyday citizens, remain unreported.
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The nature of The DeFiant Ones is yet to be determined—it could range from a full-fledged cryptocurrency to a trading platform or even an informational site regarding cryptocurrencies. Notably, Eric Trump recently mentioned that the initiative could cater to the estimated 5.9 million unbanked Americans, according to the FDIC, who currently lack access to savings or checking accounts.
While this mission may seem commendable, there are concerns regarding Trump’s financial credibility, given his controversial history with money management. Potential investors in The DeFiant Ones may need to approach with caution.
Topics
Cryptocurrency
Donald Trump
