Republican nominee Donald Trump has seemingly thrown his support behind “The Defiant Ones,” a crypto project developed by his sons Eric Trump and Donald Trump Jr. In a post on Truth Social, Trump hinted at the project’s potential to challenge the traditional financial system, encouraging Americans to “take a stand” against big banks and financial elites. The post featured the hashtag #BeDefiant and linked to a Telegram channel with over 33,000 followers.
We’re about to shake up the crypto worldwith something HUGE.
— Donald Trump Jr. (@DonaldJTrumpJr) August 7, 2024
Decentralized finance is the future—don’t get left behind. #Crypto #DeFi #BeDeFiant
The Trumps’ Bold Move into Decentralized Finance
Little is publicly known about “The Defiant Ones,” but the Trumps are positioning the project as a significant disruptor in the decentralized finance (DeFi) space. Donald Trump Jr. and Eric Trump have both teased the project on social media, emphasizing its potential to revolutionize the crypto world. The project is not just another meme coin, according to the eldest Trump son, but rather a platform designed to take on the world of banking.
Crypto as a Campaign Focus
This endorsement comes as Donald Trump increasingly embraces cryptocurrencies on the campaign trail, promising to make the U.S. the “crypto capital of the planet.” His supportive stance contrasts with his earlier scepticism toward digital assets, reflecting a broader shift in his campaign strategy ahead of the 2024 election.