US presidential candidate Donald Trump’s son, Donald Trump Jr., has announced the launch of a new platform related to decentralized finance (DeFi). Donald Trump Jr.’s DeFi project aims to combat inequality in access to banking services. 

Donald Trump Jr and crypto

Earlier, rumors spread across the Internet that Trump Jr. was going to launch a memecoin. The cryptocurrency community was prompted to do so by a tweet from the son of the US presidential candidate. 

X

“We’re about to shake up the crypto world by launching something big. Decentralized finance is the future, don’t be left behind,” reads an August 7 post on X (formerly Twitter).  Trump Jr.’s brother, Eric Trump, also wrote about the launch of a certain “grandiose” project .

However, during an AMA session on the Locals 8 platform, Trump Jr. revealed that he is actually working on creating a crypto platform that will challenge traditional banks. 

“We want to take over a lot of the banking world. I think there’s a lot of inequality in that only certain people can raise money […] so this idea of ​​decentralized finance is obviously very attractive to guys like me who have been left behind,” Trump Jr. said. 

Trump’s son did not reveal any specific details about what exactly this DeFi platform is. The approximate launch dates are also unknown. 

The Race for Crypto Voters

Cryptocurrencies have become a key topic of the upcoming US presidential elections. Having radically changed his mind regarding digital assets, Trump has already managed to participate in the Bitcoin 2024 conference. During his speech, the politician promised to turn the United States into a crypto empire, and also collected $25 million in donations during the event .

Kamala Harris’s Odds of Victory vs. Donald Trump. Source: Polymarket

Candidate Kamala Harris has also joined the race for crypto voters. It was recently reported that Democrats have created a support group called Crypto for Harris . It includes leaders of the digital asset industry and policy experts. On the back of this news, Harris’s odds on the Polymarket forecasting platform rose above Trump’s.

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