Eric Trump touts crypto-friendly future under Trump presidency
Eric Trump touts crypto-friendly future under Trump presidency
Eric Trump, son of U.S. President-elect Donald J. Trump, took center stage at the Bitcoin MENA 2024 conference in the UAE, pledging his father’s presidency would be the most crypto-friendly in U.S. history.
Speaking to an enthusiastic crowd, he highlighted the family’s active involvement in cryptocurrency, a shift he attributed to fallout from major financial institutions severing ties with the Trump Organization after the events of January 6, 2021.
“You’re going to have the most pro-crypto president in the history of America,” Eric Trump stated. He celebrated Bitcoin’s milestone price of $100,000, crediting his father’s promise to appoint a crypto-friendly chair to the Securities and Exchange Commission. Eric also promoted the family’s new venture, World Liberty Financial, a cryptocurrency platform launched this year, which signals the Trumps’ deeper commitment to blockchain innovation.
Ethics, investments, and the future
While the Trump family’s active promotion of their crypto interests has raised ethical concerns, Eric Trump dismissed the criticism, framing cryptocurrency as a vehicle for financial independence. He criticized major financial institutions like JPMorgan Chase for severing ties with the family business, describing crypto as a way to counteract institutional rejection.
The conference also featured appearances by figures such as Justin Sun, a crypto executive facing SEC charges, and Paul Manafort, a Trump ally pardoned in 2021. Both have investments tied to World Liberty Financial, underscoring the complex intersection of personal investments, political influence, and public policy within the Trump orbit.
As President-elect Trump prepares to take office, his administration’s stance on cryptocurrency could redefine regulatory approaches in the United States. With blockchain technology increasingly influencing financial systems worldwide, the Trumps’ active engagement in the space is both an opportunity for innovation and a challenge to ethical norms.
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