
He stated that the family originally had no plans to enter this field, but the banking system’s “weaponization” changed everything.
Eric said on Tuesday’s program:
“I never thought I would enter the world of cryptocurrency until every bank arbitrarily canceled our services, simply because my father was involved in political activities.”
He pointed out that the banks launched a “fierce attack” on the Trump family, which made him realize the importance of cryptocurrency and its censorship-resistant properties. This statement was made following the Trump family’s partnership with the cryptocurrency mining company Hut 8. Hut 8 recently acquired a majority stake in the cryptocurrency mining business American Bitcoin, which is backed by the Trump family, at a time when the price of Bitcoin rose by 1.87%.
The Trump family has been active in the cryptocurrency field in recent years, previously launching the World Liberty Financial decentralized finance protocol, the TRUMP and MELANIA meme coins, and several NFT series. Former President Donald Trump publicly criticized cryptocurrency but shifted to support the industry during his re-election campaign, gaining funding from several prominent figures in the cryptocurrency sector.
After taking office, Trump quickly took action, calling on regulators and lawmakers to establish relevant guidelines and legislation aimed at making the U.S. the global “cryptocurrency capital.”
Eric further praised the advantages of cryptocurrency over traditional financial systems, stating it is “cheaper, faster, and more transparent.” He believes that whatever banks can do, cryptocurrency can do as well. Particularly with stablecoins, he predicts they will not only solidify the international status of the U.S. dollar but may also fundamentally change the operation of “finance and banking” in the coming decades.
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