Donald Trump Jr. is entering the crypto scene, and it’s got nothing to do with memecoins!
🏦 Forget memecoins — Trump Jr. has announced plans to launch a DeFi platform aimed at tackling inequality in banking access. During a Q&A, he revealed that the project is still in its early stages, so don't expect anything soon. 🕒
🗣 He made it clear: "We’re taking on the banks, not launching a memecoin!" With big ambitions but few details, this could be a game-changer or just more hype.
Meanwhile, he warned the crypto community to stay clear of fake tokens claiming Trump ties — especially after the RTR memecoin fiasco that crashed 70% following Eric Trump's denial. Stay tuned, but stay cautious! 👀
U.S. Legal Experts Criticize Trump's Bitcoin Reserve Plan
Legal experts in the U.S. have criticized Donald Trump’s proposal to create a national Bitcoin reserve from seized crypto assets.
Former federal prosecutor Amanda Wick voiced concerns about prioritizing Bitcoin accumulation over compensating victims of cybercrime.
Elizabeth Boison, also a former prosecutor, argued that the plan contradicts asset forfeiture laws, which require seized assets to be sold and proceeds used for victim compensation or law enforcement support.
Critics suggest Trump's stance on Bitcoin may be a tactic to attract votes from those dissatisfied with the current administration.
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