Donald Trump

Liberty

Donald Trump Jr.

Block

<ul>
 <li>Donald Trump has come out strong promoting the “DeFiant Ones” channel to his followers on Truth Social.</li>
 <li>The launch of the Telegram channel is a subsidiary element of a broader plan to launch a DeFi platform that aims to dismantle the banking system.</li>
</ul>
On Thursday, Donald Trump took to Truth Social to <a href="https://truthsocial.com/@realDonaldTrump/posts/113005603392033479" target="_blank" rel="noopener noreferrer nofollow">promote </a>the recently launched Telegram channel, “Defiant Ones,” urging his followers to join.
As CNF <a href="https://www.crypto-news-flash.com/donald-trump-jr-kicks-off-telegram-channel-for-major-crypto-and-defi-project/" target="_blank" rel="noopener noreferrer nofollow">earlier reported,</a> Donald Trump Jr. and Eric Trump launched a Telegram channel dubbed “DeFiant Ones.” This is a subsidiary element of a broader endeavor to launch a DeFi platform meant to dismantle the banking system and empower individuals financially.
Eric Trump and his brother, Donald Trump Jr., have also been vocal about the project’s potential impact.&nbsp;In a&nbsp;<a href="https://www.crypto-news-flash.com/trump-familys-crypto-project-sparks-stablecoin-rumorstrump-jr-teases-a-defi-platform-to-challenge-the-fed/" target="_blank" rel="noopener noreferrer nofollow">recent interview,</a> Donald Trump Jr.&nbsp;distanced the Trump family from what people speculated the official Trump Project would be: a&nbsp;<a href="https://www.crypto-news-flash.com/breaking-rumor-did-donald-trump-create-his-cryptocurrency-called-djt-token-price-explodes-180/" target="_blank" rel="noopener noreferrer nofollow">memecoin</a> or, in other contexts, a stablecoin pegged to the U.S. dollar. Instead, it was a DeFi crypto project.
The forthcoming DeFi crypto project reflects the Trump Family’s commitment to creating a more robust platform with enduring long-term goals.&nbsp;
A report from The Block strengthened the credibility of the Trump family’s DeFi project, revealing that “The DeFiant Ones” is a trademark registered by AMG Software Solutions. Additionally, AMG Software Solutions has filed trademark applications for related terms like “Be DeFiant,” “World Liberty,” and “World Liberty Financial.” These trademarks suggest that the venture is part of a larger plan to create a new financial system.
The “DeFiant Ones” aim to disrupt traditional banking by offering a decentralized financial system. In a recent interview with a leading news outlet, Eric Trump described the platform as a “digital Real Estate” highlighting its potential for financial independence. Additionally, Eric stated that:
<blockquote>
 It’s equitable. It’s collateral anyone can get access to and do so instantly,I don’t know if people realize what a shake-up that is for the world of banking and finance. I hope we can help change that.
</blockquote>
While the details are shrouded in mystery, speculations have it that the Trump family intends to position it as a bank account alternative. The project’s creation was inspired by the difficulties faced by conservatives in securing banking services, a situation exacerbated by incidents like the freezing of bank accounts belonging to participants in the Canadian trucking protest against COVID-19 vaccine mandates.&nbsp;
Eric Trump further elaborated on the platform’s mission, stating;
<blockquote>
 Essentially over half this country right now cannot be banked. With this technology, they could have the ability to almost instantaneously be approved or denied from a lender based on math, not policy. Money could be in their account in minutes, not months.
</blockquote>
&nbsp;

Donald Trump Teases ‘DeFiant Ones’ Crypto Platform: A Stand Against Financial Elites

Crypto News Flash

Other articles published on Aug 23, 2024

FOBXX Expands to Avalanche, Enhancing Tokenized Finance

SEC Refuses Richard Heart’s Request to Dismiss $1B Lawsuit

Galaxy research reveals Ethereum’s Dencun upgrade increased failed transactions and L2 bots

Binance Ex-CEO Changpeng Zhao Relocated to New Facility

Meme Kombat Launches Season 2 With Major Upgrades – Grab Limited Edition Fighter NFTs

What is Tron Blockchain’s SunPump?

Join our free newsletter for daily crypto updates!