Family

Cryptocurrency

Donald Trump

DeFi

<ul>
 <li>Donald Trump endorsed a decentralized finance (DeFi) project via Truth Social, marking a notable shift towards cryptocurrency support.</li>  
 <li>Trump's cryptocurrency involvement includes over $1 million in investments and an NFT project featuring blockchain-linked digital art.</li>  
 <li>The crypto sector contributed $119 million to federal elections this year, representing nearly half of all corporate donations.</li> 
</ul>  
<p>Donald Trump recently endorsed a new cryptocurrency initiative through a post on <a href="https://truthsocial.com/@realDonaldTrump" target="_blank" rel="noopener noreferrer nofollow">Truth Social</a>. In his message, Trump criticized traditional financial systems and urged Americans to unite against them. He included a link to a Telegram channel for his project focused on decentralized finance.</p>  
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<p>DeFi involves blockchain-based financial transactions. This system allows cryptocurrency trading and fund transfers without involving traditional banks. Trump's post marks a significant move toward aligning with the online cryptocurrency community, which has shown strong cohesion and activity.</p>  
<h2 class="wp-block-heading" id="h-shift-in-trump-s-cryptocurrency-stance"><strong>Shift in Trump's Cryptocurrency Stance</strong></h2>  
<p>This endorsement represents a <a href="https://cryptonewsland.com/donald-trump-flips-stance-on-crypto-endorses-digital-assets-in-presidential-race-against-biden/" target="_blank" rel="noopener noreferrer nofollow">shift</a> in Trump's perspective on cryptocurrency. In 2021, he labeled it a ‘scam against the dollar.’ However, he praised it during a recent bitcoin conference, a change possibly influenced by increased political donations from the crypto sector.</p>  
<p>A recent Public Citizen report revealed that the crypto industry <a href="https://thehill.com/policy/technology/4839729-cryptocurrency-industry-spending-elections/" target="_blank" rel="noopener noreferrer nofollow">contributed</a> $119 million this year to influence federal elections, representing nearly half of all corporate donations.</p>  
<h2 class="wp-block-heading" id="h-trump-s-crypto-investments-and-endorsements"><strong>Trump's Crypto Investments and Endorsements</strong></h2>  
<p>Trump's involvement in cryptocurrency extends beyond endorsements. He has invested over $1 million in cryptocurrency and <a href="https://cryptonewsland.com/trump-plans-fourth-nft-collection-amid-cryptocurrency-leadership-push/" target="_blank" rel="noopener noreferrer nofollow">launched</a> an NFT project featuring cartoon drawings of himself. His recent embrace of crypto also aligns with endorsements from prominent figures like Elon Musk.</p>  
<h2 class="wp-block-heading" id="h-family-and-project-developments"><strong>Family and Project Developments</strong></h2>  
<p>Eric Trump, Donald's son, hinted at a significant announcement related to cryptocurrency and DeFi in an August 6 post on X. The Telegram channel linked in Trump's post was <a href="https://cryptonewsland.com/donald-trump-jr-introduces-official-telegram-for-new-crypto-venture/" target="_blank" rel="noopener noreferrer nofollow">created</a> the same day. It quickly gained traction, with nearly 30,000 subscribers joining within an hour of Trump's post.</p>  
<p>Trump's active promotion of this cryptocurrency project highlights a notable shift in his approach toward digital finance. His involvement and endorsement from leading figures signal potential changes in the financial landscape.&nbsp;</p> 
<p>The post <a href="https://cryptonewsland.com/trump-ventures-into-cryptocurrency-former-president/" rel="noopener noreferrer nofollow">Trump Ventures into Cryptocurrency: Former President Endorses DeFi Project Amid Rising Sector Influence</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Trump Ventures into Cryptocurrency: Former President Endorses DeFi Project Amid Rising Sector Influence

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