Donald Trump Jr. Debuts Telegram Channel for New Crypto Project

Crypto Reporter

Shalini Nagarajan

Crypto Reporter

Shalini Nagarajan

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Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

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Last updated:

August 16, 2024 00:13 EDT

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Donald Trump Jr. has officially launched a Telegram channel called “The DeFiant Ones,” signaling the Trump family’s imminent foray into the decentralized finance space. The channel serves as the latest teaser for the family’s highly anticipated crypto project.

“A lot of rumors are swirling about our crypto project,” Trump Jr. said in an X post Thursday. “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!”

An admin announcement on the Telegram channel clarifies that it is the sole authorized platform for the project’s communications.

“Stay vigilant and do not fall for impersonations or scams—our team will never DM you first,” it says.

Donald Trump Jr. Fuels Rumors with DeFi Platform Tease

Donald Trump Jr. initially disclosed intentions for a new venture last week, aiming to introduce a cryptocurrency platform that would tackle disparities in banking services.

The buzz around this project intensified when he hinted at a major DeFi announcement on Aug. 7 via X, leading to widespread speculation that it might involve a new meme coin. Adding to the anticipation, his brother Eric Trump posted on X, teasing a “big announcement” that further stoked the rumors.

Trump Family Leans into Crypto as Donald Promises Major Industry Support

The family’s rising interest in crypto aligns with Donald Trump’s recent pivot toward the sector. The Republican presidential nominee is working to win over the crypto community by pledging industry-friendly policies and support.

At the recent Bitcoin 2024 Nashville conference, he promised to make the US the crypto capital of the world if reelected. He also vowed to remove SEC Chair Gary Gensler, who is viewed as an opponent of the crypto industry, on his first day in office.