Donald Trump Jr. has introduced plans to create a new decentralized finance (DeFi) platform geared toward tackling banking inequality.
Hypothesis about Trump Jr.’s involvement in crypto started when he took to X to submit about DeFi earlier this week. Many initially thought he was hinting on the launch of a brand new memecoin.
Throughout an August 8 Q&A session on the social platform Locals, Trump Jr. clarified, “What we’re speaking about is a bigger kind of platform.” Nevertheless, he famous that it could take some time earlier than any concrete steps are taken.
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Trump Jr. defined:
What we wish to do is tackle plenty of the banking world. I feel there was plenty of inequality in that solely sure folks can get financing <…>, so this notion of decentralized finance is clearly very interesting to guys like me who’ve been debanked.
On the Q&A session, Trump Jr. additionally addressed the surge and subsequent crash of the Restore the Republic (RTR) memecoin, which had falsely been rumored to be linked to the Trump household.
Donald Trump’s second son, Eric Trump, denied any affiliation with the RTR memecoin on X, calling the rumors “completely false,” which led to the token’s worth dropping by over 50%.
General, Donald Trump Jr. is making waves in crypto with a DeFi challenge which may revolutionize entry to monetary companies.
In different information, Donald Trump has lately launched a line of Bitcoin-themed sneakers, with one mannequin promoting out in simply three hours.
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