Trump promotes family crypto platform ‘The DeFiant Ones’ on Truth Social
Former President Donald Trump promoted his family’s upcoming cryptocurrency platform called “The DeFiant Ones” in a Truth S💦ocial post on Thursday.
Trump shared the post with his 7.5 million followers💙 Thursday morning, which son less than half an hour later.
“For too long, the average American has been squeezed by the big banks and financial elites,” the presidential candidate wrote. “It’s time ꦯwe take a stand — together.”
The Truth Social post with nearl🌊y 34,000 subscribers and ♔more streaming in.
A p💧ost calls the Telegram group chat “the only official Telegram channel for the Trump DeFi project” which is building “the future of finance.”
The former president’s sons, Trump Jr. and Eric Trump, have been hinting at the♈ Trump Organization crypto platform for weeks.
Rumors swirled earlier ꦍthis month when Eric posted on X that he had “falle🍌n in love” with “Crypto / DeFi” and told his followers to “stay tuned.”
“It’s digital real estate,” he previously told The Post in an e🎶xclusive interview.
“It’s equitable. It’s collatera✃l anyone can get access to and do so instantly. I don’t know if people realize what a shake up that is for the world of banking and finance. I hope we can help change that.”
He to💛ld The Post that the new crypto platform will allow more Americans to be approved or denied for loans “based on math, not po꧙licy. Money could be in their account in minutes, not months.”
Trump Jr. previously said the family is not launching a memecoin, but a digital bank prepared to take on the traditionꩵal US banking system.
The Trumps’ social media promotion of their new crypto platform lಌanded on the final day of the Democratic National Convention as the race between Trump and Vice President Kamala Harris heats up.
As voters consistently rank the economy top of mind ahead of the 2024 presidential election, Trump and Harris have be✨en vying to win over inflati🍌on-battered Americans.
Trump haꦬs backed tariff hikes while Harris has proposed a price gouging ban on grocery and food suppliers.
Both candidates are trying to 𝓰woo crypto bigwigs, who hope the next administration will relax industry regulations.
Trump has tried to🗹 stake his claim as the crypto candidate, reversing his skeptic stance on crypto from 2019.
So far this year, Trump launched a non-fungible token collection on the Solana blockchain, became the first major presidential nominee to accept donations in cryptocurrency and headlined the Bitcoin Conference in Nashville, Tenn.
The Republican nominee said he had raised $25 million in crypto dona🔯tions as of the end of July.
Crypto investors seem to have placed their bets on Trump, as after he was shot in an assassination attempt – which voters assumed would help꧅ his odds of winning the pr🔯esidency.
Bitcoin shares spiked again after Trump spoke at the Bitcoin Conference and pledged to make the US 🌱the “crypto capital of the planet.”