Donald Trump Jr. Reveals ‘HUGE’ Plans to Launch DeFi Platform
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Donald Trump Jr. has announced plans to launch a new decentralized finance (DeFi) cryptocurrency platform to address inequality in banking access.
During a Q&A session on subscription-based platform Locals on August 8th, Donald Trump Jr, the eldest son of presidential candidate Donald Trump revealed his teased crypto plans.
Rumors around a new crypto offering began circling after Trump mentioned a ‘HUGE’ DeFi-related announcement in an August 7 X post. The prospect sparked speculation, with many believing it may be related to a new meme coin launch.
We’re about to shake up the crypto worldwith something HUGE.
Decentralized finance is the future—don’t get left behind. #Crypto #DeFi #BeDeFiant
Meanwhile, an X post from his brother, Eric Trump, fuelled the fire by alluding to a “big announcement.”
During the Q&A, he announced that he was working on a DeFi platform to “take on” banks, dispelling rumors that he was launching a meme coin.
“What we’re talking about is a larger type of platform,” that’s very different and not a memecoin, he said. However, he added that it would be a “long time before we can do anything,” not giving anything away on a time frame.
Trump Jr. didn’t provide much more detail on the platform but emphasized its purpose – to tackle the inequality in the current banking system:
At the Q&A, he also addressed rumors regarding the Restore the Republic (RTR) meme coin, which had surged and crashed amid false rumors of association with the Trump family.
Eric Trump also recently denied any connection with the memecoin, calling the
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