Eric Trump, Executive Vice President at the Trump Organization and son of Donald Trump, voiced strong support for the United States to become a global leader in cryptocurrency during a CNBC interview in Abu Dhabi. He emphasized the need for "sensible" regulatory guidelines to position the U.S. as the crypto superpower.
“I’ve been a big fan of crypto for a long time,” Eric Trump said, expressing his enthusiasm for the sector. He revealed that his father, Donald Trump, plans to "make America the crypto capital of the world" if he returns to the White House.
A Family Commitment to Crypto
Eric Trump, alongside his brothers Don Jr. and Barron, is spearheading World Liberty Financial, the Trump family’s new cryptocurrency initiative. This decentralized finance (DeFi) platform aims to provide users with opportunities to borrow, lend, and invest in cryptocurrencies.
The initiative reflects the family’s belief in the future of decentralized finance. “We believe in DeFi… We believe that’s the way of the future,” Trump said. He warned that failure to lead the global crypto revolution could leave the U.S. at a disadvantage.
Reforming the Banking System
Trump criticized the modern banking system as outdated, predicting that cryptocurrencies would surpass traditional financial systems. “We’re incredibly excited on a lot of fronts,” he remarked.
He also outlined plans for transparent regulatory policies under his father’s leadership, emphasizing the importance of a clear roadmap to guide the industry. “Hopefully, the rest of the world follows that. Hopefully, we can lead by example,” he stated.
Elon Musk’s Role in White House Policies
Eric Trump also highlighted Elon Musk's role in shaping U.S. government policies. Calling Musk “the modern-day Albert Einstein,” he praised the Tesla CEO’s appointment to the Department of Government Efficiency (DOGE), a new initiative to streamline federal operations and reduce inefficiencies.
Trump is scheduled to give a keynote speech at the Bitcoin MENA conference, where he will delve deeper into his family’s vision for America’s role in the global crypto ecosystem.
A Vision for the Future
With initiatives like World Liberty Financial and plans for transparent regulation, the Trump family aims to put America at the forefront of the digital revolution. Their commitment to DeFi and cryptocurrency underscores their belief in innovation as a cornerstone of economic growth and leadership in the 21st century.
