Trump’s Shift Toward Crypto
Eric Trump revealed that his family became pro-crypto after being “debanked” in 2021, following the Capitol attack incident. According to him, hundreds of Trump Organization accounts were shut down by major banks without explanation, forcing them to rely on smaller regional banks before finding a new partner.
“At that time, I realized how fragile the financial system was and how easily it could be weaponized against you,” Eric Trump told The Wall Street Journal.
Politics and Banking Pressure
Eric Trump claimed the closures were politically motivated and compared the treatment of his family to the Biden administration’s approach to crypto companies. Many in the industry argue that regulators have pressured banks to restrict crypto access, making it harder for exchanges and firms to operate.
“This whole system was weaponized against them, no different than it had been weaponized against us,” Eric Trump said.
The Trump Family’s Crypto Moves
The family’s ties to crypto have only grown stronger:
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Donald Trump launched his own memecoin, TRUMP, ahead of his inauguration.
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World Liberty Financial introduced the USD1 stablecoin in 2024, listing Donald Trump as co-founder emeritus.
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Trump’s sons founded American Bitcoin, which raised $220 million to buy BTC and mining equipment.
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Reports suggest Donald Trump has made $2.4 billion from crypto ventures.
Eric Trump also voiced support for tokenizing real-world assets, saying projects like tokenized real estate could open investment opportunities worldwide.
What It Means for Crypto 🔑
The Trump family’s alignment with crypto signals a growing clash between traditional finance and digital assets. Their experience highlights why decentralization appeals to those who feel excluded or targeted by banks.
With crypto adoption accelerating, Eric Trump even warned that banks must embrace blockchain or risk extinction within the next decade.
Final Thoughts
The Trump family’s shift underscores crypto’s rising role as an alternative financial system. Whether for political survival or innovation, their pivot could influence broader adoption across the U.S.
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