Donald Trump Jr. is launching a crypto platform to ‘take on’ the banks

Donald Trump Jr. has finally revealed what his cryptic DeFi post on X was all about, and it's got nothing to do with memecoins.

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Donald Trump Jr. has revealed he’s launching a new decentralized finance crypto platform in an attempt to address inequality in banking access — though it is going to be a long way off yet. 

During a Q&A session on subscription-based platform Locals on Aug. 8, the eldest child of presidential candidate Donald Trump, Donald Trump Jr., saidthat he wasn’t launching a memecoin but working on a crypto platform to take on the banks.

“What we’re talking about is a larger type of platform,” that’s very different and not a memecoin, he said. However, he added that it would be a “long time before we can do anything,” not giving anything away on a time frame.

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