Trump Hints at Unannounced Crypto Endeavor by His Sons
The Trump clan's enigmatic foray into the crypto realm has finally seen the light of day...kinda. Donald Trump Jr., the ringleader of this digital spectacle, unveiled a new "crypto platform" known as "The DeFiant Ones." While it's not crystal clear what this platform’s purpose is, we now have the name and a link to a Telegram page for updates.
Fearing it might be another exchange, our cents are leaning towards that direction. But without concrete information, it's just a wild guess. Eric Trump, in a past interview with the New York Post, likened crypto to "digital real estate," believing it could help bridge the financial gap for lower-income Americans[1].
Remember when we said it's vague? Well, in July, a company called AMG Software Solutions filed trademarks such as "Be DeFiant" and "World Liberty," which could be related to "The DeFiant Ones." However, World Liberty Financial, another project, was the one actually aiming to become a global hub for DeFi[1]. They envision creating a peer-to-peer digital asset system and even have Donald Trump Jr., Eric Trump, and Barron Trump on board, each with distinctive roles[1].
In case you’re wondering, Trump’s limited understanding of decentralized finance has not stopped him from leveraging crypto opportunities[1]. He posts about such projects, like "The DeFiant Ones," on Truth Social, advocating for a stand against the big banks and financial elites, who, let's be real, Trump has helped squeeze average Americans[1].
It's still fuzzy how a DeFi project will help average Americans dodge the financial squeeze. But if past performances are anything to go by, it’s safer to expect this project to lose steam after its political relevance fades. Stay tuned for more updates, where hopefully, we'll gain a clearer picture of "The DeFiant Ones" and its role in the crypto world[1].
[1] Enrichment Data
- Donald Trump Jr.'s new venture, "The DeFiant Ones," is a cryptocurrency platform, but its purpose remains unclear, with beta updates available on a Telegram page.
- Fearing it could be another exchange, there's speculation about "The DeFiant Ones," but without concrete details, anything is just a guess.
- A potential connection between "The DeFiant Ones" and AMG Software Solutions exists, as they both have filed trademarks containing the word "DeFiant."
- "The DeFiant Ones" may aim to create a peer-to-peer digital asset system, following Trump's belief that crypto could bridge the financial gap for average Americans, despite his limited understanding of decentralized finance.
