Donald Trump

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Donald Trump Jr.

On August 8, Donald Trump Jr. revealed plans for a new DeFi platform aimed at addressing banking access inequality. During a Q&amp;A session on the subscription-based platform Locals, Trump Jr. clarified that this venture is not a memecoin but a comprehensive crypto platform designed to take on traditional banking systems.
“This isn’t about creating a memecoin,” Trump Jr. stated, emphasizing that his initiative represents a broader and more impactful platform. However, he did caution that it will be some time before the project comes to fruition, withholding specific timelines for now.
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 🚨 BREAKING: Donald Trump Jr confirms that he is NOT launching a memecoin but a crypto platform that won’t be ready for awhile. THE TICKER IS <a href="https://twitter.com/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$TRUMP</a>. <a href="https://t.co/xLUF5ChA1T" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/xLUF5ChA1T</a>— Steven Steele (@MrStevenSteele) <a href="https://twitter.com/MrStevenSteele/status/1821702706337390949?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 9, 2024</a>
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Despite the lack of detailed information, Trump Jr. highlighted the platform’s mission to challenge the conventional banking sector. He expressed frustration with the current financial system’s exclusivity and its tendency to limit financing opportunities to select individuals. “Decentralized finance is very appealing to me, especially for those of us who have been debanked,” he said.
Speculation about the new crypto project surged earlier in the week after Trump Jr. tweeted <a href="https://www.cryptotimes.io/2024/08/08/trumps-sons-hint-at-huge-defi-project-in-cryptocurrency-tease/" target="_blank" rel="noopener noreferrer nofollow">about DeFi</a>, leading many to believe it might involve a new memecoin. On August 7, he posted on X, “We’re about to shake up the crypto world with something HUGE. Decentralized finance is the future — don’t get left behind.”
Adding to the buzz, his brother, <a href="https://www.cryptotimes.io/2024/08/07/eric-trump-builds-hype-for-major-crypto-announcement/" target="_blank" rel="noopener noreferrer nofollow">Eric Trump, echoed</a> similar sentiments on the same day, hinting at a significant announcement related to crypto and DeFi.&nbsp;
In the same Q&amp;A session, Trump Jr. addressed recent rumors about the Restore the Republic (RTR) memecoin, which had recently surged in value before crashing dramatically. He and Eric Trump have both denied any connection to RTR, with Eric calling the rumors “absolutely false,” which contributed to a 70% drop in the token’s value.
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 I love how much the crypto community is embracing Trump. It’s absolutely incredible, but beware of fake tokens claiming to be part of the Trump project. The only official project will be announced directly by us, and it will be fair for everyone. Don't be fooled—stay tuned for…— Donald Trump Jr. (@DonaldJTrumpJr) <a href="https://twitter.com/DonaldJTrumpJr/status/1821607452691075098?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 8, 2024</a>
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Trump Jr. also warned against fraudulent tokens claiming affiliation with the Trump name, stating, “I love the crypto community’s enthusiasm for Trump, but beware of fake tokens. The only official project will be announced by us directly, and it will be fair for everyone.”

Trump Jr. to Launch Crypto Platform, to “Take on” Banks

The Crypto Times

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