Donald Trump is launching some kind of cryptocurrency thing

Donald Trump has put his identify on a cryptocurrency platform.

The previous United States president and present U.S. presidential hopeful introduced in a publish on Reality Social that he has launched a crypto enterprise referred to as The DeFiant Ones, as reported by The Verge. The Reality Social posts acknowledges that “the typical American has been squeezed by the large banks and monetary elites,” however provides zero different particulars on what The DeFiant Ones is, the way it works, and the way it will assist common People.

It could possibly be something from a full-on cryptocurrency to a buying and selling market and even only a web site about crypto. It is not possible to say at this level, however as The Verge famous, Trump’s son Eric just lately informed the New York Submit that DeFiant may exist to assist those that are “unbanked,” or missing any sort of financial savings or checking account at a financial institution or credit score union. In line with the FDIC, 5.9 million People had been unbanked as of 2021.

Whereas that could possibly be a noble objective for DeFiant, there is a lengthy and sordid historical past of Donald Trump not being particularly trustworthy or accountable with cash. Those that select to spend money on DeFiant, if that’s certainly one thing you are able to do, is perhaps taking a threat.