Trump Jr. wants to “make finance great again” with new DeFi project

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Donald Trump Jr. has unveiled plans for a new cryptocurrency project that aims to operate outside of traditional banking systems. The initiative, called “The DeFiant Ones,” was announced via the project’s official Telegram group.

In his statement, Trump Jr. described the deal as a response to what he perceives as exclusionary practices in the mainstream financial sector.

“These banks and the elites who run them want absolute control, but that ends now,” he wrote in the group.

The ad references the Trump family’s past conflicts with financial institutions. Trump Jr. said his family was “de-banked, de-platformed and played every political game imaginable with us.”

According to the statement, the platform intends to eliminate middlemen in financial transactions. Trump Jr. argued that this would cut costs and red tape for users.

The Telegram group, created earlier this month, had accumulated more than 42,000 subscribers.

Details about the platform remain limited, but Eric Trump, one of Donald Trump’s sons, said in an interview with the New York Post that the project involves “digital real estate.” This has led to speculation that the project could involve tokenizing real-world assets or selling digitized versions of assets in the metaverse.

Earlier this week, former President Donald Trump endorsed a DeFi crypto project led by his sons, Donald Jr. and Eric Trump, aimed at challenging big banks and financial elites.

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