Former U.S. President Donald Trump, who is currently running for the upcoming presidential election in November, has announced plans to establish a decentralized cryptocurrency platform. He revealed this development in a post on Truth Social, the social media platform he founded. The platform will be called “The DeFiant Ones,” although Trump has yet to provide further details on its offerings.
According to available information, “The DeFiant Ones” is expected to be a decentralized cryptocurrency exchange. The post also included a link to a Telegram channel with the same name, which currently has over 38,000 subscribers. However, the channel has not yet posted any significant updates.
Donald Trump’s statement is as follows:
The average American has been squeezed by big banks and financial elites for far too long. It’s time for us to stand together and take action.
Donald Trump is a significant figure in the cryptocurrency markets, as he openly supports crypto assets. In fact, during a recent Bitcoin Conference, Trump pledged to fire SEC Chair Gary Gensler, whom he referred to as “the arch-enemy of the crypto community,” if he wins the election. Whether he can fulfill this promise remains to be seen.
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