During a recent Rumble livestream, Trump Jr. addressed the growing speculation linking the Trump family to various meme coins. He emphasized that while he appreciates the enthusiasm for meme coin culture, any official Trump project would not fall into that category.
However, Trump Jr. and his brother Eric are working on a project that is said to be more substantial and long-term, targeting broader financial and technological objectives rather than simply capitalizing on the memecoin trend. He also remarked,
“Bitcoin is the best way to beat the Fed. Listen, I think Bitcoin is great.
I love what they’re doing with it. I think it is a great, it’s a hedge against some of these things. I think there’s going to be a lot of other options in the crypto space as well.”
Trump Jr. clarified that the Trump family’s interest lies in developing a platform to address systemic inequalities within the financial sector. He alluded to the potential of DeFi as a solution to issues like restricted access to financing and insurance, which have affected individuals who do not meet traditional financial criteria.
His rhetoric suggests that the project could aim to disrupt the banking sector by leveraging blockchain technology, possibly through a stablecoin or other decentralized financial instruments. Trump Jr. said,
“I think what we want to do is take on a lot of the banking world, I think there’s been a lot of inequality in that only certain people can get financing, only certain people can do these sorts of things this notion of, decentralized finance is obviously very appealing to guys like me who’ve been debanked or haven’t been able to get insurance or what not.”
He also warned against conflating this future project with existing meme coins, reiterating that any official announcements would come directly from the Trump family. On Twitter, Trump Jr. echoed this sentiment, advising the crypto community to be cautious of fake tokens falsely claiming affiliation with the Trump name.
Trump stablecoin vs CBDC
With Trump Jr. distancing the Trump family from meme or ‘community’ coins, some speculate that they could be looking to launch a stablecoin. While former President Trump has stated that he will not back a FED-issued CBDC, calling them “very dangerous,” the potential for a programable digital dollar could still be possible. Further, it could align with Trump Jr.’s comments on wanting to create something “frankly much bigger” to “beat the…
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