Donald Trump Jr, the first son of the Republican Presidential Candidate has warned of scammers impersonating the family’s good name. Eric Trump has also corroborated the warning, a trend that suggests the family might be leaning more toward launching a crypto project.
The strong leaning toward crypto by the Donald Trump campaign is well known to the broader industry. Before the electioneering campaign entered full gear, the former President has been launching Non-Fungible Token (NFT) collections.
This notably secured him his first major recognition in the industry. However, since the election campaign started, Trump has not stopped saying how he will support the Bitcoin ecosystem. Beyond his promises, his sons have also revealed intentions to deepen their ties in the industry.
The first hint at the coming crypto project came when Eric Trump revealed his new affinity for DeFi and the industry as a whole. With plans to shake up the crypto world with a big announcement, it appears many are already taking advantage of the expectations.
To curtail this and protect users, the Trump brothers confirmed that the announcement for any official crypto project will first go live on the official channels. Despite the growing speculation on what the announcement is, the advice is to stay safe for now.
Friends: Beware of fake tokens! The only official Trump project has NOT been announced! You will hear it here first. https://t.co/33wfKyaMVB
— Eric Trump (@EricTrump) August 8, 2024
The forthcoming US Presidential election is notably placing crypto in the spotlight. With the plans to put American first, the country has a lot of catching up to do with Brazil approving its first Solana ETF.
Though VanEck and 21Shares have filed similar applications in the US, there is skepticism that the project will see the light of day. Proponents of the product believe the current composition of the US SEC might need to change before the product can bag approval.
Another area that President Donald Trump hopes to put the US first is in Bitcoin Mining. As earlier reported, Russian President Vladimir Putin has signed a Bill that has now legalized Bitcoin mining in the country. With this advancement, the US have a long way to go.
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