**News Flash: Donald Trump Jr. Announces New DeFi Crypto Platform**

Donald Trump Jr. has unveiled plans for a new decentralized finance (DeFi) crypto platform aimed at tackling banking inequality. Speaking during a Q&A on Locals on August 8, Trump Jr. clarified that this initiative is not a memecoin but a larger platform designed to challenge traditional banks.

He emphasized the platform's goal to address the financial disparities that prevent many from accessing financing. While details remain sparse, Trump Jr. assured that the project is in the works, though its launch is still a long way off.

Rumors had circulated about a potential memecoin, which Trump Jr. and his brother Eric Trump have both denied. Eric Trump also dismissed false claims linking the Trump family to the Restore the Republic (RTR) memecoin, which plummeted 70% following his denial.

Stay tuned for more updates on this ambitious DeFi project.