The son of the President says that the Trump family went all-in on crypto out of necessity, not because it’s an emerging trend. In a new interview with CNBC, Donald J. Trump Jr., son of U.S. President Donald J. Trump, says the family got into crypto after being “ debanked ” in New York City for political reasons. “The reason we got into crypto and we’re all in on crypto and we’re doing American Bitcoin and we have World Liberty Finance and USD1 was because there was a time… where I could call any single banker in New York City, they’d pick up the phone [and] I’d be able to get a loan for whatever real estate project I was doing across the street. Then we got into politics, and all of a sudden, they wouldn’t take your call. You couldn’t get financing. We were debanked. And what I realized, and my brother realized because we were the recipients of every subpoena imaginable, was that, you know what? We were just the top of this sort of pyramid scheme that we didn’t realize we were a part of, that the financial system was totally undemocratized because we had a certain balance sheet…” After experiencing what the family believes was a political persecution, he says that the Trumps decided to turn to crypto as a way to avoid being “turned off” in the future. “The regular guy was messed up. Now we were all of a sudden in the shoes of the regular guy that wouldn’t be able to take advantage of the markets. And we said, what’s the solution for that? The answer is crypto. These decentralized platforms where you’re not beholden to this, where you create efficiencies. As a guy that did real estate, [I asked] why am I paying points in and out for title insurance? That could be done on the blockchain. So we got into crypto not because it was like, ‘hey, this is the next cool thing.’ We got into it out of necessity. We got into it because we understood just how quickly we could be turned off.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Donald Trump Jr. Says Family Got Into Crypto After Being Debanked, Realizing Financial System Was ‘Pyramid Scheme’ appeared first on The Daily Hodl .
