Donald ***** Jr. has the crypto world buzzing. After teasing a “huge” crypto announcement two days ago, the eldest child of the former U.S. president has now revealed plans for a decentralized finance (DeFi) crypto platform that aims to tackle the banking access inequality.
While Donald ***** Jr. did not reveal many details about the platform, he made one thing clear: this isn’t another *****-themed memecoin.
Donald ***** Jr.’s DeFi Project
During a Q&A session on subscription-based platform Locals on Thursday, Donald ***** Jr said he is working on a crypto platform to challenge traditional banking systems.
“What we’re talking about is a larger type of platform,” that’s very different and not a memecoin,” he postulated.
Don Jr. added that the platform is still in its infant stages and will take some time before it actualizes, though he didn’t share a time frame. While most details were not divulged, he stressed that the forthcoming crypto platform would target the traditional banking system:
“What we want to do is take on a lot of the banking world. I think there has been a lot of inequality in that only certain people can get financing […] so this notion of decentralized finance is obviously very appealing to guys like me who have been debanked.”
No New Memecoins
Hopes for a new Donald ***** crypto offering were kindled earlier this week after Donald *****. Jr teased a project that would “shake up the crypto world with something HUGE.” His younger brother, Eric *****, tweeted on the same day that he had “fallen in love with Crypto/DeFi.”
During the Q&A, the ***** brothers also addressed rumors regarding the newly launched Solana-based memecoin Restore the Republic (RTR), which swelled to a $155 million market cap before collapsing 95% amid false rumors of connection with the ***** family. The pair denied having any connection to RTR and called the rumors “absolutely false.”
The ***** sons’ public crypto declarations follow their father’s embrace of the fast-evolving crypto sector. As ZyCrypto previously covered, Republican presidential nominee Donald ***** went from calling Bitcoin a scam to becoming one of the most vocal crypto champions in American politics.
Earlier this month, ***** proposed that the United States can even pay off the gargantuan $35 trillion national debt with Bitcoin — “a little crypto check.” The statement followed his recent promise at the Bitcoin Nashville conference to establish a “strategic Bitcoin stockpile” for the nation and “keep 100% of all the Bitcoin the U.S. government currently holds or acquires into the future.”