Donald Trump endorses crypto project 'The DeFiant Ones' spearheaded by two of his sons
Quick Take
- On Truth Social, former U.S. president Donald Trump endorsed “The Defiant Ones” project that’s being promoted by two of his sons.
- Last week, Donald Trump Jr. and Eric Trump tweeted about the new project.
Donald Trump has endorsed the DeFi-related crypto project that's being spearheaded by two of his sons.
In a Truth Social post on Thursday, Donald Trump said that it was time to take a stand against big banks and financial elites and linked to the Telegram channel set up for the project.
"For too long, the average American has been squeezed by the big banks and financial elites. It's time we take a stand—together," Trump posted on Truth Social. The comment was followed by the hashtag BeDefiant.
The channel is called The DeFiant Ones and features the tagline, "Official Trump DeFi Channel." It has nearly 26,000 subscribers and was created on Aug. 7.
"Over the next few days, we’ll be sharing some important updates and announcements right here in this channel," a recent post on the channel said.
Former U.S. president Donald Trump has posted about 'The Defiant Ones' on Truth Social. Image: Truth Social.
Last Thursday Donald Trump Jr. took to social media to post about the new Telegram channel. "A lot of rumors are swirling about our crypto project," he said in a post on X.
"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!"
This came after Trump Jr. had made a teaser announcement about an upcoming crypto project, using the hashtag BeDeFiant.
The channel's name matches up with recent trademark filings, as The Block previously reported. In July, a company called AMG Software Solutions filed trademark applications for the terms "Be DeFiant," "World Liberty" and "World Liberty Financial." This third trademark is for "providing financial information in the field of decentralized finance (DeFi)," according to its filing.
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