- The DeFiant Ones: The New Trump Family Project
- MAGA Meme Coin: Market Impact
- Trump's Changing Stance on Cryptocurrencies
Former US President and presidential candidate Donald Trump promoted a new decentralized finance (DeFi) initiative called 'The DeFiant Ones' on the social media platform Truth Social on Thursday. The project is known to be led by Trump's sons, Donald Jr. and Eric Trump.
The DeFiant Ones: The New Trump Family Project
Donald Trump announced the new DeFi project called 'The DeFiant Ones' on Truth Social on Thursday. The Trump family has not made significant announcements about the project, but Trump's statements suggest that the new project will challenge traditional financial institutions and aim to empower middle-class Americans. > The average American has been squeezed by big banks and financial elites for too long. It’s time to take a stand together. '‘The DeFiant Ones'’ still lacks clear details, but speculation is rampant. Eric Trump highlighted the concept of 'digital real estate,' potentially involving the sale of digitized assets in the metaverse or the tokenization of real-world assets.
MAGA Meme Coin: Market Impact
Despite the lack of clarity about the project, the MAGA (TRUMP) meme coin has seen significant rises within 24 hours, experiencing a notable 21% increase. It is important to note that this meme coin is only thematically related to Trump and has no official connection with the former US President.
Trump's Changing Stance on Cryptocurrencies
The announcement also reveals a noticeable shift in Trump's perspective compared to the past. During his presidency, he called Bitcoin a scam and criticized it. However, his statements, especially after starting his presidential campaign, show a more positive stance towards crypto. Trump spoke at the Bitcoin 2024 conference in Nashville last month. In this speech, he also promised to fire Gary Gensler if he wins the election. Moreover, he recently suggested that Bitcoin could play a role in solving the US's massive national debt and said: > Who knows? Maybe we pay off our $35 trillion, give them a little crypto check, right? We give them some Bitcoin and wipe out our $35 trillion.
Donald Trump's DeFi initiative and the rise of the MAGA meme coin highlight the interest in cryptocurrencies and their potential for addressing financial issues. It will be interesting to observe Trump's and his family's next steps in this area.
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