DeFiant

Donald Trump

Baby Doge Coin

<a href="https://insidebitcoins.com/news/bitcoin-and-crypto-not-mentioned-during-trump-musk-x-space" rel="noopener noreferrer nofollow">Donald Trump</a> is launching a new crypto platform called “The DeFiant Ones,” aimed at banking underserved communities and challenging the dominance of big banks.
“For too long, the average American has been squeezed by the big banks and financial elites,” Trump <a href="https://truthsocial.com/@realDonaldTrump/posts/113005603392033479" rel="noopener noreferrer nofollow">wrote on Truth Social</a>. “It’s time we take a stand—together. #BeDefiant.”
<img decoding="async" src="https://www.leparisien.fr/resizer/8zU3Lyt8xpKauAjzGiYmJsfDpBo=/932x582/cloudfront-eu-central-1.images.arcpublishing.com/leparisien/6HNWDPSVJNEHNHNRHIHVFIHXD4.jpg" alt="Donald Trump annonce le lancement de « The DeFiant Ones », sa propre plateforme de cryptomonnaies - Le Parisien">
<h2 id="span-style-font-weight-400-over-40k-people-join-defiant-ones-telegram-group-span">Over 40K People Join ”DeFiant Ones” Telegram Group</h2>
In the post, the former president included a link to the project’s official <a href="https://t.me/defiant1s" rel="noopener noreferrer nofollow">Telegram channel,</a> which has quickly grown to 40,200 participants.
A message teasing several announcements and updates in the following few days was sent to the group on Aug. 17.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Almost ready to make some big announcements regarding the Crypto project… Getting very excited. Make sure you are in our Telegram group…
 — Eric Trump (@EricTrump) <a href="https://twitter.com/EricTrump/status/1826054030843404309?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 21, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Few details are available on the project, other than a promise that it will be “the future of finance.”&nbsp;
<h2 id="span-style-font-weight-400-eric-trump-says-over-half-the-american-population-is-unbanked-span">Eric Trump Says Over Half The American Population Is Unbanked</h2>
In an interview with the <a href="https://nypost.com/2024/08/14/us-news/eric-trump-previews-major-trump-org-move-into-crypto-as-he-charts-the-family-companys-future/" rel="noopener noreferrer nofollow">New York Post</a>, Trump’s son, Eric, said that the project could help “over half” of the American population, which “cannot be banked” and get rejected for “most loans from most institutions.
Instead of having to approach a bank for a potentially lengthy approval process, ”DeFiant Ones” users could have the ability to either be approved or denied almost instantaneously. 
Decisions will also be based on maths instead of policy, he said in the interview. If approved, the money will show up in their account in minutes and not months, as is the case with most banks.
Trump-themed meme coins were among the largest gainers in the past 24 hours following the former President’s announcement.
<a href="https://www.coingecko.com/en/coins/trumpcoin-2" rel="noopener noreferrer nofollow">TrumpCoin</a> (DJT) surged over 53%, while Super Trump (<a href="https://insidebitcoins.com/news/strump-surges-15-as-donald-trump-jr-announces-new-crypto-platform-to-take-on-banks" rel="noopener noreferrer nofollow">STRUMP</a>) and Baby Trump (BABYTRUMP) pumped 15% and 10%, respectively.
<h3 id="span-style-font-weight-400-related-articles-span">Related Articles:</h3>
<ul>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/michelle-bond-charged-with-illegally-funding-her-2022-campaign-using-ftx-cash" rel="noopener noreferrer nofollow">Michelle Bond Charged With Illegally Funding Her 2022 Campaign Using FTX Cash</a></li>
 <li style="font-weight: 400;"><a href="https://www.linkedin.com/pulse/best-altcoins-invest-unveiling-top-picks-maximum-returns-calsona-9ceye/" rel="noopener noreferrer nofollow">Best Altcoins to Invest In: Unveiling Top Picks for Maximum Returns!</a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/baby-doge-coin-price-pumps-4-as-babydoge-petitions-binance-for-listing-and-traders-fomo-buy-playdoge-with-just-3-days-left" rel="noopener noreferrer nofollow">Baby Doge Coin Price Pumps 4% As BABYDOGE Petitions Binance For Listing And Traders FOMO Buy PlayDoge With Just 3 Days Left</a></li>
</ul>

Donald Trump Launches ”The DeFiant Ones” Crypto Platform To Challenge Big Banks

Table of Contents

Inside Bitcoins

Other articles published on Aug 23, 2024

Decentralized naming could bring ‘next billion’ users to Bitcoin

BTC Price Continues to Close Above $60,000

Aave Outperforms Following Tokenomics Update Proposal

How Sahil Arora Netted $3M with Celeb Token Pump-and-Dump Schemes

Breaking Through Web3 Mass Adoption with Entertainment: MEET48's Ambition in Fan Economy (23 Aug)

Solana Experiences Drop in User Activity

Join our free newsletter for daily crypto updates!