Donald Trump Jr. said in a live Q & A session on subscription-based platform Locals that he personally loves Memecoin and the culture, but can't confuse Meme with the project they're working on. Rumors of Restore The Republic (RTR) and their project are "absolutely false" and the token has nothing to do with the project he and Eric Trump are building. The project will be a non-Memecoin project designed to "grow long term" and they'll announce it directly when it's ready. Donald Trump Jr. said: "I think what we want to do is take over much of the banking industry and this concept of decentralised finance is obviously very appealing to people like me who have been stripped of funds by banks or can't get insurance."