Trump Launches 'The DeFiant Ones' Crypto Platform

Former President Donald Trump announced a new cryptocurrency project called 'The DeFiant Ones', promoting it as an alternative to traditional financial institutions. The project, linked to a Telegram channel with over 30,000 followers, aims to leverage decentralized finance (DeFi) to empower average Americans against big banks. Trump's sons, Eric and Donald Jr., have described the initiative as involving 'digital real estate', suggesting potential involvement in tokenizing real-world assets or the metaverse. This marks a significant shift for Trump, who previously called cryptocurrency a 'scam' but has recently embraced it, headlining a Bitcoin conference and unveiling various crypto proposals. Amid the 2024 presidential race, Trump's engagement with crypto contrasts with the Biden administration's regulatory stance. The Harris campaign has hinted at more supportive policies for emerging technologies, offering hope for a more favorable environment for the crypto industry.