Trump teases 'official' cryptocurrency project
Former President Donald Trump has teased an “official” cryptocurrency project in a recent Truth Social post, promoting a new decentralized finance (DeFi) initiative linked to his name. His post, urging Americans to take a stand against financial elites, included a link to a Telegram channel for the project.
This move aligns with Trump’s recent engagement with the cryptocurrency community. After previously dismissing crypto as a “scam” in 2021, he praised it at a bitcoin conference this summer and has invested in the sector, reportedly owning more than $1 million in cryptocurrency. His involvement includes an NFT project featuring digital artwork of him.
Trump's embrace of crypto comes amid growing political donations from the sector and endorsements from notable figures like Elon Musk. The Telegram channel for his DeFi project quickly gained traction, amassing nearly 30,000 subscribers shortly after its launch.
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