Trump Family Launches New Crypto Project, Heats Controversy

Trump Family Launches New Crypto Project, Heat Controversy

Former US President Donald Trump took to Truth Social on Thursday to announce a new cryptocurrency platform called “The Defiant Ones.” The former president, currently running for a place of work all over again, told his 7.5 million followers that it’s time to “take a stand” closer to massive banks and economic elites. His son, Donald Trump Jr., quickly shared the publication on X, engaging in even greater humans.

Trump Sons Hype Up Project as “Digital Real Estate”

Eric and Donald Trump Jr. Have been losing suggestions about this mission for weeks. They’re calling it “digital real estate” and announcing it’ll shake up the banking world. The brothers declare it’ll make getting loans less complicated for everybody. They’ve been posting stuff like “decentralized finance is the destiny” to get people excited.

A Big Shift in Trump’s Crypto Stance

It’s untamed to see Trump pushing crypto now. Back when he became president, he called Bitcoin a rip-off. But currently, he is trying to appear to be the pro-crypto candidate. He even commenced taking cryptocurrency donations for his marketing campaign. In July, he spoke at a vast Bitcoin occasion in Nashville.

Some people are wondering if that is all he needs to get more help and cash for his presidential run. Trump says he’s already raised $25 million from crypto lovers.

Questions and Concerns Pop Up

While Trump’s supporters seem excited, others raise eyebrows. However, the task hasn’t been launched yet, and there isn’t much information about how it will work. Some worry it can be unstable, especially since global crypto can be unpredictable.

Also, the timing is thrilling. Trump’s pushing this new platform even as he is in the middle of a hard marketing campaign toward Vice President Kamala Harris. This has people wondering whether it is okay for a presidential candidate to promote their family’s business ventures like this.

Whatever takes place, it’s clear that Trump’s dive into crypto is shaking subjects up in every political and financial world. We’ll need to be the affected person in how it all performs.