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

A glitching image of Donald Trump
Image: Kristen Radtke / The Verge; Getty Images

Former President Donald Trump is launching a cryptocurrency platform, he announced on Thursday in a post on Truth Social. Trump’s post included few other details, but he and his sons have suggested it will target unbanked and underserved communities.

“For too long, the average American has been squeezed by the big banks and financial elites,” the post reads. “It’s time we take a stand—together. #BeDefiant.” The name of the platform, The DeFiant Ones, is a play on “decentralized finance.”

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...

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