Trump Supports DeFi Project Led by His Sons
Former US President Donald Trump surprised many by publicly endorsing a DeFi project called ‘The DeFiant Ones,’ spearheaded by his sons Donald Trump Jr. and Eric Trump. This shows his call for resistance against big banks and financial elites, aligning with his populist rhetoric.
Trump’s support for this project marks a shift from his previous skepticism towards cryptocurrencies, aiming to capitalize on the growing discontent against traditional financial institutions and attract the crypto and DeFi ecosystems.
The project is directly linked to recent trademark filings for ‘Be DeFiant’ and ‘World Liberty Financial.’
Donald Trump has taken a surprising stance in his ongoing crusade into the world of crypto by publicly endorsing a DeFi project led by his sons, Donald Trump Jr. and Eric Trump.
This announcement marks a new step in the Trump family’s involvement in the world of cryptocurrencies and raises questions about the motivations and implications of such support.
A Strategic Support for Crypto
In a post on Truth Social, the social platform he founded, Donald Trump expressed support for the crypto project named ‘The DeFiant Ones.’ In this message, he called for resistance against big banks and financial elites, a message that resonates with the populist ideas he often championed during his presidency. ‘For too long, the average American has been squeezed by big banks and financial elites. It’s time for us to take a stand – together,’ he declared, adding the hashtag #BeDefiant.
This message directly refers to the associated Telegram channel for the project, titled ‘The DeFiant Ones – Official Trump DeFi Channel,’ which gained nearly 26,000 followers just days after its creation on August 7, 2024. This channel has become the hub for official announcements and updates regarding the project.
Trump’s support for a crypto project is particularly interesting in the context of his past skepticism towards cryptocurrencies. However, this project could mark a strategic shift, aiming to capitalize on the growing discontent towards traditional financial institutions. DeFi, which allows for financial transactions without centralized intermediaries, aligns perfectly with Trump’s populist rhetoric against financial elites.
Furthermore, this support could also influence a part of his electoral base, encouraging them to adopt crypto and DeFi as a means to challenge established financial structures.
A Familiar Strategy in Line with the DeFi Spirit
Donald Trump Jr. and Eric Trump have also actively promoted this project, adding to the speculation and enthusiasm surrounding it. Donald Trump Jr. tweeted, ‘A lot of rumors are swirling about our crypto project. To get the real story and stay updated with official announcements, join our official Telegram channel. Don’t rely on speculation – get the news directly here!’ This message followed a cryptic announcement using the #BeDefiant hashtag, a wordplay combining ‘DeFi’ and ‘Defiant.’
The project’s name, as well as the hashtags used, coincide with recent trademark filings made by a company called AMG Software Solutions. In July, this company filed trademark applications for the terms ‘Be DeFiant,’ ‘World Liberty,’ and ‘World Liberty Financial.’ The latter refers to ‘providing financial information in the field of decentralized finance (DeFi),’ according to the official filing. These elements suggest that the project could aim to create a platform or service in the DeFi space, in line with the libertarian values often advocated by the Trump family.
