Donald Trump Jr. Units Sights on Banking Reform with Upcoming DeFi Mission

Former President Donald Trump, now a presidential candidate, has made Bitcoin a central focus of his marketing campaign, promising to make the US a world crypto chief.

Constructing on his father’s latest pivot towards crypto, Donald Trump Jr. is growing a brand new decentralized finance (DeFi) platform to handle banking entry inequality.

Trump Jr Targets the Debanked

On August 8, in a Q&A session hosted on Locals, Trump Jr., the eldest son of presidential candidate and former President Donald Trump, revealed that he’s engaged on a crypto platform to problem the banks relatively than launch a meme coin. He didn’t elaborate additional however highlighted that the platform would goal the banking sector.

“What we need to do is tackle lots of the banking world. I believe there was lots 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 or haven’t been in a position to get insurance coverage or whatnot.”

Eric Trump, too, echoed his brother’s sentiments in regards to the crypto trade, posting on X that he has “fallen in love with crypto/DeFi” and hinting at a significant upcoming announcement.

In the meantime, the most recent improvement comes amidst Republican nominee Donald Trump’s work to restore relations with the crypto trade, as a part of which he led the biggest Bitcoin conference of the yr in Nashville on July 27.

Trump even introduced that if he wins the upcoming election, he plans to determine the US because the crypto capital of the planet and the Bitcoin superpower of the world. In latest weeks, Trump has met with the highest Bitcoin mining companies, amongst different issues.

Trump-Themed Token Dump

Throughout the identical Q&A session, Eric Trump additionally addressed the latest hypothesis surrounding the Restore the Republic (RTR) meme coin, which had skilled a surge adopted by a pointy decline as a consequence of false rumors linking it to the Trump household.

He additionally took to X to firmly deny any affiliation with the meme coin, labeling the rumors as “completely false,” an announcement that led to over 80% crash within the RTR token’s worth from its peak.

In line with information shared by on-chain investigator Lookonchain, early traders or insiders profited $four million inside six hours from the token’s value surge and crash. 5 crypto wallets bought 105 million RTR tokens utilizing $882,000 value of SOL and later offered 95 million tokens for $5 million in SOL.