Trump teases 'official' cryptocurrency project

Former President Donald Trump appeared to promote an “official” cryptocurrency project using his name in a Truth Social post on Thursday.

“For too long, the average American has been squeezed by the big banks and financial elites. It’s time we take a stand — together. #BeDefiant,” the post read. The Republican presidential nominee also included a link to a Telegram channel for his official “DeFi” project.

“DeFi” stands for decentralized finance and refers to financial activities on a blockchain. It includes cryptocurrency trading and transferring funds outside the purview of banking institutions.