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Trump announces the launch of a cryptocurrency platform

The tycoon did not provide details on the exact content of the project, called 'The DeFiant Ones'. His post shows the now iconic image of the former president, with a clenched fist, moments after an assassination attempt last month at a rally in Pennsylvania

 Donald Trump

1' min read

1' min read

Donald Trump announced on Truth the imminent launch of a cryptocurrency platform, presenting it as an alternative to banks and financial institutions.

'For too long, the average American has been crushed by big banks and financial elites. It is time to take a stand, together,' he wrote on his social.

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The tycoon did not provide details on the exact content of the project, called 'The DeFiant Ones'. His post shows the now iconic image of the former president, clenched fist, moments after an assassination attempt last month at a rally in Pennsylvania.

Two of his sons, Eric and Donald Jr, who head the family holding company Trump Organisation, have described the project in recent weeks as 'digital real estate'.

This could refer to the exchange of assets in the virtual worlds of the metaverse or a method of making real-world assets available to be bought and sold in bitcoin-like tokens.

During his presidency, Trump had called cryptocurrencies a scam, but has since radically changed his position, presenting himself as a 'pro-bitcoin president' if elected in November. In doing so, he opposes the Biden administration, which is seen as advocating regulation of the sector.

But Trump's rival in the White House, Kamala Harris, who is also Biden's vice-president, has more open positions towards cryptocurrencies.

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