Donald Trump Jr. Launches Telegram Channel Amidst Crypto Speculation

Donald Trump Jr. has launched an official Telegram channel, intensifying speculation about the Trump family's involvement in decentralized finance (DeFi). The channel, titled "The Defiant Ones," is positioned as the go-to source for updates on their crypto project.

Addressing the Rumours

On Thursday, Trump Jr. announced the channel on X (formerly Twitter), urging followers to bypass speculation and receive direct updates.

He stated, "A lot of rumors are swirling about our crypto project. To get the real story and stay updated with official announcements, join our official Telegram channel."

Trademark Clues

The channel's name aligns with recent trademark applications reported by The Block. In July, AMG Software Solutions filed for trademarks including "Be DeFiant," "World Liberty," and "World Liberty Financial." The latter is described as a service for providing financial information related to DeFi.

Clarifying the Project’s Nature

Donald Jr. and Eric Trump have recently dispelled rumours that the project involves a memecoin. Speaking to the New York Post, Eric Trump described the initiative as "digital real estate," emphasising its potential to democratise access to collateral in finance. "It’s equitable.

It’s collateral anyone can get access to and do so instantly," he explained, suggesting a significant disruption to traditional banking and finance.