Former US president and Republican presidential candidate Donald Trump's family has just announced the launch of a new cryptocurrency project called World Liberty. On Thursday, August 8, Donald Trump Jr. released another major announcement, launching a new cryptocurrency financial platform in an attempt to address inequality in traditional banking services.
In Locals' Q&A section, Donald Trump Jr. denied rumors that he would launch a memecoin and emphasized that he is committed to developing a crypto financial platform to compete with banks.
He did not provide further details on the platform, but emphasized that it will challenge the banking system.
"What we want to do is take over most of the business of the banking industry. I think there is a lot of inequality where only certain people can get financing, so this concept of decentralized finance is obviously very attractive to someone like me who is decentralized by the banks."
Earlier this week, he mentioned DeFi in a tweet, and rumors about new crypto products began to spread, with many people believing it may be related to the issuance of a new memecoin.
"We are about to shake up the crypto world with a big announcement, decentralized finance is the future, don't get left behind," he said in a post on Wednesday.
He issued a similar warning in a post on Thursday, saying, "I love the embrace of the crypto community for Trump, it's absolutely incredible, but beware of false coins claiming to belong to Trump projects."
"The only official project will be announced by us, and it will be fair to everyone," he wrote.
His brother, Eric Trump, also posted similar content on Twitter, saying, "I'm really into crypto/DeFi and please stay tuned for a major announcement."
He also talked about the rumor of the RTR memecoin in the Q&A session. The coin skyrocketed due to false rumors related to Trump's family, but soon plummeted.
Eric recently denied any connection to the memecoin, calling the rumors on Twitter on Thursday "absolutely false," leading to a 70% drop in the RTR token.
According to sources from Solid Intel and many cryptocurrency media outlets earlier this week, the new crypto project promoted by the Trump family may be called "World Liberty."
After experiencing a significant decline last weekend and a difficult start this week, the cryptocurrency market is showing a strong recovery. Bitcoin fell to a low of $49,577 per coin, the lowest level since February 2024. This morning, bitcoin is back above 0.062 million US dollars. $Bitcoin (BTC.CC)$ Sources: Twitter
