Son Of Donald Trump Says He ‘Fell In Love With Crypto’

According
to
reports,
the
Trump
Organization—the
holding
company
of
former
US
President
Donald
Trump’s
business
ventures—would
be
moving
on
to
present
a
new
cryptocurrency
initiative.
In
an
interview,
Eric
Trump,
the
son
of
the
ex-president
and
executive
vice
president
of
the
organization,
revealed
that
the
new
venture
would
deal
with
“digital
real
estate”
and
one
would
be
capable
of
lending
or
borrowing
money
over
the
platform.

The
announcement
comes
at
a
time
when
the
Trump
family
has
been
vocal
about
their
enthusiasm
for
cryptocurrency
on
social
media.
Eric
Trump
took
to
X,
formerly
Twitter,
recently
to
express
his
excitement
toward
DeFi,
stating,
“I
have
fallen
in
love
with
Crypto
/
DeFi.
Stay
tuned
for
a
big
announcement.”

I
have
truly
fallen
in
love
with
Crypto
/
DeFi.
Stay
tuned
for
a
big
announcement…@Trump

@realDonaldTrump

@DonaldJTrumpJr

—
Eric
Trump
(@EricTrump)

August
6,
2024

Disrupting
Traditional
Banking

According
to
Eric
Trump,
this
new
cryptocurrency
initiative
may
be
the
game-changer
in
the
sectors
of
banking
and
finance,
bringing
financial
independence
to
people
who
cannot
access
traditional
services.
He
said
that
there
were
a
lot
of
problems
and
inequities
in
the
current
system,
so
he
would
like
to
see
a
model
wherein
loan
approval
decisions
would
be
driven
algorithmically
and
not
policy-driven.

“It’s
fair.
It’s
collateral
that
anyone
can
access
instantly.
I
don’t
think
people
understand
how
revolutionary
that
could
be
for
the
banking
and
finance
sectors,”
Trump
said.

Pro
Trump
Crypto
News

This
comes
at
a
time
when
the
Trump
team
is
getting
involved
with
cryptocurrencies.
Also,
the
former
President
has
recently
tried
to
connect
with
the
crypto
community
by
speaking
at
major
events
and
accepting
bitcoin,
ether,
USDC,
and
even
memecoins
as
campaign
donations.

Eric Trump said he fell in love with crypto. Image: Getty Images

Overcoming
Past
Skepticism

The
tone
on
cryptocurrencies
clearly
has
changed
for
Trump
since
his
move
into
the
White
House.
As
recently
as
in
the
year
2019,
he
openly
denounced
the
cryptocurrency,
stating,
“I
am
not
a
fan
of
Bitcoin
and
other
cryptocurrencies,
which
are
not
money,
and
whose
value
is
based
on
thin
air.”

At
this
moment,
his
campaign
has
raised
more
than
$4
million
in
different
cryptocurrencies
from
contributors
in
12
states,
including
some
battlegrounds.

Once
all
the
details
fall
into
place,
it’s
expected
that
the
Trump
Organization
will
reveal
more
details
of
their
new
bitcoin
project.
“I
believe
that
at
some
point,
everyone
wants
a
degree
of
financial
liberty
and
a
landscape
where
we
are
not
limited
by
the
norms
of
major
banks,”
Eric
Trump
explained,
expressing
delight
about
the
transforming
power
of
DeFi
on
the
economy.

With
2024’s
presidential
contest
looming,
the
scramble
is
on
for
votes
and
campaign
funds
from
the
frontline
fintech
users
of
America.
That
may
give
special
attention
to
the
Trump
Organization’s
foray
into
cryptocurrencies
from
both
its
admirers
and
detractors.

Featured
image
from
Medium,
chart
from
TradingView