Donald Trump

DeFi

Donald Trump Jr.

President Donald Trump

Former US President Donald Trump has thrown his weight behind the world of cryptocurrencies and is shilling his sons’ new DeFi project, “The Defiant Ones.” Announcing through his Truth Social platform, Trump targeted old-school financial institutions by boasting that the new family business was about to make a break from the norm. 
Trump’s move into the crypto world is not a simple nod. It reflects crucial figures and institutions’ growing interest in cryptocurrencies and digital assets. The new project is called “The DeFiant Ones,” spelled with an “F” in “DeFiant,” and it is all about defiance, after all: going after the usual rules and getting away from the power of big banks. For Trump and his family, it is more than a business; it is a message. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-42102 size-full" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/08/Donald-Trump-Cryptocurrency.jpg" alt="Donald Trump Drops the Curtain on &quot;The DeFiant Ones&quot;- His Family's Latest Crypto Venture" width="1200" height="600" title="Donald Trump Drops the Curtain on &quot;The DeFiant Ones&quot;- His Family's Latest Crypto Venture 36"> 
<h2 id="b-eric-and-donald-trump-jr-take-on-the-financial-giants-b">Eric and Donald Trump Jr. Take on the Financial Giants</h2> 
Eric Trump and Donald Trump Jr. didn’t do much to keep the news about their new project a secret, claiming the innovation would disrupt the financial sector. Eric Trump told the New York Post that it was something like “digital real estate,” which might involve <a href="https://www.coinbase.com/learn/crypto-glossary/what-are-real-world-assets-rwa" rel="nofollow noopener" target="_blank">tokenizing real-world assets</a>. With companies as big as BlackRock involved, the crypto community is more than excited by this potential shift.&nbsp; 
According to Erik, “The DeFiant Ones” is about to give Americans a new way of getting loans because decisions for these are based on some math calculations instead of regular bank rules. This will be fair to all, ensuring access to financial services without much hassle. The Trumps are getting into the DeFi space when more people mistrust regular banks and when more people want their banking options to be decentralised. 
“The banking sector won’t be ready for what our project’s gonna bring,” Eric said. With such a strong statement, the family shows that it believes in the potential to innovate using this idea in the industry and take on the already established big banks. 
<h2 id="b-the-defiant-ones-makes-a-wave-what-it-means-for-the-future-b">The DeFiant Ones Makes a Wave: What It Means for the Future</h2> 
Many found it surprising that Donald Trump, who has always been an area doubt spreader, entered the world of cryptocurrencies. However, it seems otherwise with his participation in <a href="https://www.cnbc.com/2024/08/22/trump-crypto-defi-protocol-launch.html" rel="nofollow noopener" target="_blank">“The DeFiant Ones.”</a> At the Bitcoin Conference held in Nashville, Trump said he would like to have Bitcoin as a reserve for the United States if he ever returns to government. This could significantly affect how people within the U.S. and worldwide would accept these cryptocurrencies. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-42104 size-full" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/08/8804af7b-e6c8-4c80-8b54-f105a92018c8.jpeg" alt="Donald Trump Drops the Curtain on &quot;The DeFiant Ones&quot;- His Family's Latest Crypto Venture" width="1340" height="754" title="Donald Trump Drops the Curtain on &quot;The DeFiant Ones&quot;- His Family's Latest Crypto Venture 37"> 
Timing is everything with this new project. As Trump intensifies the rhetoric in his campaign for the 2024 presidential election, coming close to the crypto community might just prove to be a brilliant means of energising younger, more technologically inclined voters. Being part of the DeFi trend shows that Donald Trump is a very forward-thinking leader and bold enough to embrace new technologies that can challenge the old ways. 
But what would this foretell for the future of cryptocurrency and DeFi? It could help bolster the crypto market to boost confidence among investors and consequently facilitate the advent of the day when cryptocurrencies are accepted into the general financial system. 
<h2 id="b-conclusion-the-trumps-crypto-gamble-b">Conclusion: The Trumps’ Crypto Gamble</h2> 
The launch of “The DeFiant Ones” marks another step in the decentralised growth of finance, marked by no other but Donald Trump and his family. Trump expresses his support for his sons’ work in the new business, sharing his visions of the future in money. As the project turns real, one will wait to see how it influences a broader DeFi world and whether it matches the expectations. 
The crypto space will watch this new terrain and how Donald Trump and his family navigate it. All eyes are on 2024, and Trump’s role in “The DeFiant Ones” might only be a single part of a broader strategy that makes cryptocurrencies part and parcel of his political agenda. This move could eventually become very bold or simply reckless; one thing is sure: the Trumps have been prepared to shock the world. Learn more about the implications of this move by keeping up with updates from <a href="https://thebitjournal.com/">TheBITJournal</a>.&nbsp; 
&nbsp;

Donald Trump Drops the Curtain on “The DeFiant Ones”- His Family’s Latest Crypto Venture

Table of Contents

The Bit Journal

Other articles published on Aug 27, 2024

BlackRock’s global bond fund raises Bitcoin stake to 16,000 IBIT shares

Just-In: CoinDCX Okto Secures License In World’s First And Only Free Zone

Bitcoin Witnesses Epic 7,023% Imbalance in Bulls' Liquidations

Meta platforms to shut down AR studio, shift focus to AI and metaverse

MakerDAO Rebrands as SKY and Updates Stablecoin

Floki Becomes Official Partner of Nottingham Forest for Premier League 2024/2025 Season

Join our free newsletter for daily crypto updates!