Summary:
Donald Trump opposes Wall Street, calling for a financial revolution.
He supports his sons' DeFiant Ones initiative, focusing on decentralized finance.
Trump highlights how big banks squeeze the average American.
The proposed DeFi platform aims to eliminate corrupt middlemen in finance.
Trump's project is expected to resemble a crypto exchange.
Donald Trump's Call to Action
Former U.S. President Donald Trump is preparing for a fierce battle for the White House. He has recently shocked many with his radical plan to wipe out the $35 trillion U.S. debt. Trump has also expressed his controversial embrace of bitcoin, opposing the U.S. government's crackdown on cryptocurrency known as Operation Choke Point 2.0.
As fears grow of a complete U.S. dollar collapse, Trump is urging Americans to "take a stand" against Wall Street, supporting his sons' initiative for a financial revolution. He posted on Truth Social, emphasizing that the average American has been squeezed by big banks and financial elites, stating, "It's time we take a standâtogether."
The DeFiant Ones
In a move to rally support, Trump linked to a Telegram group run by his sons, Eric and Don Jr., called "The DeFiant Ones." This group addresses the issues surrounding decentralized finance (DeFi), suggesting that current financial systems are too centralized and need to be reformed through crypto-powered alternatives.
A message from the group criticized how financial institutions rig the system against everyday Americans, claiming the Trump family has faced de-banking and de-platforming.
Modernizing Finance
The Trump brothers are advocating for a new DeFi platform that aims to eliminate corrupt middlemen and give power back to the people, stating, "Weâre making finance great again by putting the power back in your hands." While details about the platform are still scarce, it is expected to resemble a crypto exchange that could serve as an alternative to traditional banking.
Despite speculation, Eric and Don Jr. have dismissed the idea of launching their own cryptocurrency, instead calling their project "the future of finance."
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