Trump Jr.'s New DeFi Venture Gets Presidential Stamp of Approval

IconCryptoNewsTerminal Staff22 Aug, 2024

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Trump Jr.'s New DeFi Venture Gets Presidential Stamp of Approval

Former President Donald Trump has taken to social media to promote his eldest son's new DeFi venture, "The Defiant Ones." In a post on his Truth Social network, Trump shared a Telegram link to the project, saying, "Americans have been bullied by Big Banks & Financial Elites for far too long. It's time to FIGHT BACK." Earlier this week, Donald Trump Jr. launched a Telegram channel called "The Defiant Ones," which serves as a teaser for the new DeFi venture. The channel features a series of videos and articles about the project, which aims to give users more control over their finances. Trump's promotion of his son's venture is a sign of the growing interest in DeFi among high-profile figures. DeFi, or decentralized finance, is a new financial system that is based on blockchain technology. DeFi applications allow users to borrow, lend, and trade cryptocurrencies without having to go through a traditional financial institution. The Defiant Ones is one of a number of new DeFi ventures that are being launched by high-profile figures. In recent months, celebrities such as Kim Kardashian and Floyd Mayweather have also promoted DeFi projects. The growing interest in DeFi among high-profile figures is a sign of the increasing legitimacy of the new financial system. DeFi has the potential to revolutionize the way that people manage their finances, and it is likely to continue to attract attention from investors and users alike.