- 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 middlemen, bureaucracy and bias
Recently, Eric Trump drew attention to a big upcoming announcement regarding cryptocurrencies, and now Donald Trump is doing it again, apparently supporting his sons’ initiatives.
Today, Donald Trump announced that it is time to stand up to Wall Street and Silicon Valley and radically change the financial system and the permissive stance of banks.
Trump’s Crypto Platform Against the Financial Elite
Donald Trump made a strong statement against big banks and Wall Street under the title Operation Choke Point 2.0 and supported his sons’ efforts to create the DeFi platform.
“For too long, the average American has been sidelined by 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 who are undermining the rights of ordinary Americans.
Donald Trump Jr. and Eric Trump are actively promoting the initiative, saying the new platform will eliminate middlemen and provide equal opportunities to all, regardless of social status.
The Politicization of Finance and the Future of DeFi
In recent years, the American financial system has become politicized. The blocking of bank accounts by Canadian protesters and the account closure scandals in the United Kingdom have only increased distrust of traditional banks.
“How rogue banks and financial institutions game the system against ordinary Americans. They shut people out, deny them loans, drown them in paperwork, and murder them with legal and processing fees.”
The Trump family, which has also experimented with blockchain, intends to offer an alternative in the form of a cryptocurrency platform that would be free of the flaws of the current system.
“We have been debanked, deplatformed and subjected to every political game imaginable.”
According to them, DeFi will become the new normal of finance, putting control back in the hands of ordinary citizens and breaking the monopoly of the financial elite.
Conclusion
So, as the presidential election approaches, the calls to the crypto community and all those skeptical of the traditional financial system are growing louder.
At first, only Donald Trump Sr. talked about Bitcoin and how to adapt and exploit it in the United States, later raising the stakes and proposing to make it a strategic reserve.
We now see the entire Trump family expanding their “crypto proposition” and proposing a complete DeFi revolution, confronting the entire financial system and its major players.
This sounds commendable, but how well thought out is their strategy and how sincere are the initiatives, as government adaptation of cryptography can rightly arouse great suspicion.
In any case, the elections are fast approaching and the adaptation of cryptocurrencies seems to be in the interest of each camp, including the Democrats. So we will have the opportunity to evaluate the real goals and plans of both parties very soon.
