Republican presidential candidate Donald Trump is reportedly launching his own cryptocurrency platform.
According to a new report from CNBC, Trump has done just that announced launching crypto platform The DeFiant Ones to its followers on Truth Social as a means to compete with banks.
As Trump said:
“For too long, the average American has been squeezed by the big banks and financial elites. It’s time we take a stand – together.”
According to the report, Trump’s son Eric recently described the platform as “digital real estate” and referred to decentralized finance (DeFi) as equitable collateral that everyone can access instantly.
Trump’s other son Donald Jr. that has been the case plagues the platform has been launched for weeks and recently said that DeFi protocols are the future of finance.
According to CNBC, Donald Jr. said. recently in an interview that decentralized financial protocols are attractive to those who have shunned the banking industry.
“What we want to do is take over a large part of the banking world.
I think there has been a lot of inequality in the sense that only certain people can get financing… so this idea of decentralized finance is obviously very attractive to guys like me who have been taken off the bench.”
In July, Trump’s pro-crypto views earned him an invitation to the 2024 Bitcoin (BTC) conference in Nashville. About a month later, Trump chose Senator J.D. Vance of Ohio – a well-known BTC holder and crypto advocate – as his running mate for the upcoming presidential elections.
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Featured image: Shutterstock/PHOTOCREO Michal Bednarek/Vladimir Sazonov