- Donald Trump supports his sons’ cryptocurrency initiatives against the financial elite
- The project involves the creation of a DeFi platform that could become an alternative to traditional banks
- The platform promises to simplify access to financial services by eliminating intermediaries, bureaucracy, and bias
Recently, Eric Trump attracted attention to an upcoming big crypto announcement, and now Donald Trump is doing it again, seemingly supporting his sons’ initiatives.
Now, Donald Trump has announced that it’s time to stand up against Wall Street and Silicon Valley and radically change the financial system and the permissive position of the banks.
Trump’s Crypto Platform Against the Financial Elite
Donald Trump gave a strong statement against the big banks and Wall Street under the headline Operation Choke Point 2.0 and supported his sons’ efforts to create the DeFi platform.
“For too long, the average American has been squeezed by the big banks and financial elites. It’s time we take a stand–together.”
Eric Trump responded by calling the DeFi project “The DeFiant Ones,” designed to take absolute power away from a small group of financial and tech elites that infringe on the rights of ordinary Americans.
Donald Trump Jr. and Eric Trump are actively promoting the initiative, saying that the new platform will eliminate middlemen and provide equal opportunities to everyone, regardless of their social status.
The Politicization of Finance and the Future of DeFi
In recent years, the U.S. financial system has become politicized. The blocking of bank accounts by Canadian protesters and the U.K. account closure scandals have only increased distrust of traditional banks.
“How crooked banks and financial institutions rig the system against everyday Americans. They shut people out, deny them loans, drown them in paperwork, and kill them with legal and processing fees.”
Trump’s family, which has also experienced blockchain, intends to offer an alternative in the form of a cryptocurrency platform that would be devoid of the current system’s flaws.
“De-banked, de-platformed, and had every political game imaginable played on us.”
According to them, DeFi will become the new standard of finance, putting control back in the hands of ordinary citizens and breaking the monopoly of the financial elite.
Conclusion
So, we see as the presidential election approaches, the calls for the crypto community and all doubters of the traditional financial system – are getting stronger.
At first, only Donald Trump Sr. talked about Bitcoin and how to adapt and mine it in the U.S., later raising the stakes and proposing to make it a strategic reserve.
Now we see the whole Trump family expanding their “crypto proposal” and are going to offer an entire DeFi revolution, confronting the entire financial system and its key players.
Sounds worthy, but how much of their strategy is well thought out, and the initiatives are sincere because the government adaptation of crypto can rightly arouse great suspicion.
In any case, the elections are just around the corner, and crypto adaptation seems to be in the interest of each side, including the Democrats, so we will have a chance to assess the actual goals and plans of both very shortly.
