Get the latest tech news

Trump is launching a cryptocurrency platform, and we have no idea what it does

Eric Trump has called the platform is ‘digital real estate.’

Trump’s Truth Social post links to a Telegram channel for the as-of-yet unreleased platform, which has posts dating back to August 15th calling it the “only official Telegram channel for the Trump DeFi project.” There are no details about what the project entails or whether it’s a decentralized autonomous organization (DAO), a coin, a trading market, a cryptocurrency blog or publication, or something else altogether. “The fundamental purpose of financial inclusion is to improve the overall economic well-being of low-income individuals, and encouraging people to use their hard-earned paychecks or savings to buy highly risky assets could do just the opposite,” Todd Phillips, CAP’s former director of financial regulation and corporate governance, wrote in 2022. He was the keynote speaker at this year’s Bitcoin Conference in Nashville, during which he promised to fire Gary Gensler, the chair of the Securities and Exchange Commission, a perpetual enemy of the crypto crowd.

Get the Android app