Eric Trump Reveals Why The Trump Family Got Involved In Cryptocurrency
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April 6, 2025 2:16 pm
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In an interview with CNBC, Eric Trump, the son of President Trump, explained why the Trump family has become involved in cryptocurrency.
Eric Trump stated that the Trump family got involved in cryptocurrency because they were “the most canceled company, probably on Earth.”
He added, “You realize that cryptocurrency was a lot faster, it was a lot more pragmatic, it was a lot more transparent, it was exponentially cheaper.”
President Trump and his wife, Melania, became the first U.S. President and First Lady to ever launch a meme coin after they launched projects in January.
Eric Trump reveals why his family shifted to cryptocurrency amid cancel culture, opens up about his White House rolehttps://t.co/jbLOiuTHDW
— Hindustan Times (@htTweets) April 5, 2025
Per Hindustan Times:
Eric Trump revealed what actually drove his family toward cryptocurrency, stating that they were “ the most canceled company, probably on Earth.”
As Eric has found a new opportunity to mint money following his father Donald Trump’s reelection to the White House, the First Son opened up about the Trump family’s latest business endeavors in an interview with CNBC.
“You realize that cryptocurrency was a lot faster, it was a lot more pragmatic, it was a lot more transparent, it was exponentially cheaper.”
The Trump Organization introduced a new ethics framework before Trump’s inauguration. According to the plan, Trump’s involvement in business choices and management decisions will be limited during his White House role.
In fact, Trump and his spouse Melania Trump introduced meme coins, increasing the family’s monetary wealth by billions of dollars.
Eric and his brother Donald Trump Jr. recently revealed plans to start a new bitcoin mining business called American Bitcoin, which they co-founded with Asher Genoot, the CEO of Hut 8, and to provide a US dollar-backed stablecoin with their new firm, World Liberty Financial.
When asked how the project would differentiate itself in a competitive sector, Eric merely said, “We’re gonna do it better, cheaper, faster, and we’re gonna do it with a lot of passion.”
Eric further explained that he entered the cryptocurrency space as a form of defiance rather than a financial bet, and that his move started amid what he refers to as the “war on the industry.” He said that the US Securities and Exchange Commission was cracking down on exchanges, banks were canceling accounts, and cryptocurrency users were being “debanked” for merely possessing cryptocurrencies.
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