Trump announces The DeFiant Ones, a new cryptocurrency platform

Wait where's the traditional rug pull? If we get past (2), which is where I would bet it ending, a rug pull could happen before a pump-n-dump.

I think the most likely purpose of this is as a way to bribe or funnel money to Trump if he gets into the white house (or really, even if he doesn't). You'd expect the Saudis and Russian, etc, to invest.

Imagine... what if the government had a way to control the minting of money while mitigating the potential for fraud fundamentally. They could invent a new centralized ledger technology to protect from foreign interests, and even create a form of physical currency that represents the immaterial fiat. Then you could create institutions for evaluating and creating lines of credit on behalf of their users, and even regulate them through the same administrators of the treasury. Add in a simple futures and bonds market, and you've got a really enticing project there.

Seems like a huge opportunity, I'd love to see crypto tackle this. Unfortunately the tech just isn't there yet... something this advanced is easily another 100, 200 years out from being feasible to build.