Eric Trump, the son of US President Donald Trump, said the Trump tribe became procrypt after being “evacuated” in the aftermath of the Capitol attack in early 2021.
Some banks have closed hundreds of bank accounts associated with the Trump organization without providing a reason, Trump told the Wall Street Journal.
“At the time I realized how vulnerable the financial system was and how easily it could be weaponized against you,” Trump said.
Eric Trump at Consensus 2025. source: Wikimedia Commons
American businessmen have made this a procrypt because this is purely political in nature, and industry insiders told him that the Biden administration is restricting crypto companies from applying regulatory pressures to access banking services.
“This whole system was weaponized against them, just like it was weaponized against us for a variety of reasons.”
In particular, the Trump organization sued Capital 1 in March this year, claiming that the bank had closed its accounts for political reasons, causing considerable economic harm to the organization.
A month later, Trump said banks must adopt crypto in 10 years and face extinction.
However, some claim that banks continue to have Chokepoint’s policy and that banks are closing accounts owned by Crypto companies.
Eric Trump also had the opportunity to support the tokenization of real-world assets.
“Why would you not want to refinance Trump Tower, then you could tokenize this asset and place it on the streets to otherwise invest in billions of people around the world?” Trump said.
ties with the Trump family’s code are growing
Trump’s family has several ties to the industry. This has become the subject of critics who claim to have used it to enrich themselves.
This includes Trump’s official memo coin, Trump, just days before he was launched as the 47th President of the United States.
World Liberty Financial launched on September 16, 2024 and currently offers USD1 Stablecoin. The website lists Donald Trump as co-founder honor, and his three sons are listed as co-founders.
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Meanwhile, Trump’s sons Donald Trump Jr. and Eric Trump, the founders of Hat8 subsidiary American Bitcoin, raised $220 million to buy Bitcoin and Bitcoin mining equipment.
According to an August 11 report, Donald Trump has accumulated $2.4 billion in fortunes from his code efforts.
Eric Trump has denied claims that the Trump family benefited from being elected by his father as the 47th president. He also came up with the idea of him or one of his family who could run for presidency in the 2028 election.
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