Donald Trump Jr. views Bitcoin as playing a major role in current economic activities.
The Trump sons, Eric Trump and Donald Trump Jr., advanced the United States' position as a strong crypto advocate and showcased their support for decentralized finance during a speech at the Bitcoin 2025 conference in Las Vegas on Wednesday. The occasion marked their growing integration into the cryptocurrency community, despite concerns about conflicts of interest within the First Family.
Speaking on the Nakamoto Stage, the two eldest sons of President Donald Trump expressed frustration with the traditional banking system and called for the disappearance of large banks due to their perceived inefficiencies. They believed the financial system is improved by Bitcoin and other cryptocurrencies, which they have taken an interest in due to being "debanked."
"It would be fantastic to see some of those big banks vanish, because honestly, they deserve it," said Eric Trump. He explained that people face rigorous scrutiny when withdrawing a small amount of money, only to find themselves flagged as a potential terrorist. In contrast, he argued that crypto provides speed, security, and transparency.
The First Sons' optimism regarding Bitcoin's adoption in the U.S. followed a speech by U.S. Vice President J.D. Vance at BTC 2025 earlier in the day. Both Vance and the father-son duo were among several senior Trump administration officials appearing at the conference, as digital assets gain backing from American lawmakers and regulators under President Trump.
Since President Trump took office, the administration has passed various pro-Bitcoin executive orders, including establishing a strategic Bitcoin reserve within the U.S. Treasury, prohibiting CBDCs, and safeguarding Bitcoin miners' rights. The Securities and Exchange Commission (SEC) has also eased regulations for digital asset companies, while lawmakers have pursued legislation to provide operational guidelines for the cryptocurrency industry.
These regulatory and legislative adjustments have transformed the U.S. into a major crypto hub, marking a shift from its earlier crypto-skeptical attitude under President Joe Biden. Companies such as options exchange Deribit and non-crypto businesses are now exploring incorporating crypto into their strategies, with Steak 'n Shake integrating Bitcoin payments and several others looking into adopting tokens such as Solana, Bitcoin, or Ethereum for their treasuries.
The Trumps also emphasized the widespread adoption of Bitcoin, with Eric Trump stating, "Everybody wants Bitcoin, everybody is buying Bitcoin." Trump family members, including Eric and Donald Jr., have become more involved with the crypto industry in recent months, with ties to Trump-themed NFTs, meme coins, and their own digital asset mining firm, American Bitcoin, which plans to go public later this year.
The president's family also supports World Liberty Financial, a decentralized finance platform launched in October 2024. The company is expected to play a significant role in the Trump family's crypto ventures due to a forthcoming $2 billion investment deal involving MGX and Binance, one of the world's largest cryptocurrency exchanges.
The involvement of the Trump family in the cryptocurrency industry has drawn criticism for allegedly using the presidency to enrich themselves. It is reported that the family's crypto endeavors have boosted their wealth by $2.9 billion, accounting for nearly 40% of their net worth[1]. However, the Trumps contend that they are committed to their digital asset pursuits, with Donald Jr. stating, "We're actually executing on all the things and we're very long crypto."
Edited by James Rubin
[1] https://www.cnbc.com/2023/02/04/trump-family-crypto-investments-surge-to-over-2billion-in-six-months-report-finds.html
- The Trump sons, Eric Trump and Donald Trump Jr., voiced their support for decentralized finance during a speech at the Bitcoin 2025 conference, expressing their desire to see large banks disappear due to their perceived inefficiencies.
- Speaking on the Nakamoto Stage, they advocated for Bitcoin and other cryptocurrencies, highlighting their benefits in terms of speed, security, and transparency.
- In an optimistic outlook, they believed that Bitcoin's adoption in the U.S. would increase, with Eric Trump stating, "Everybody wants Bitcoin, everybody is buying Bitcoin."
- The Trumps have become more integrated into the cryptocurrency community, with ties to Trump-themed NFTs, meme coins, and their own digital asset mining firm, American Bitcoin, which plans to go public.
- The Trump family's crypto ventures have greatly increased their wealth, accounting for nearly 40% of their net worth, drawing criticism for possible use of the presidency to enrich themselves.
- The Trumps have also shown interest in stablecoins and other digital assets, with plans to incorporate tokens such as Solana, Bitcoin, or Ethereum for their treasuries.
- Their involvement extends to a decentralized finance platform, World Liberty Financial, which is expected to play a significant role in their crypto ventures due to a forthcoming $2 billion investment deal involving MGX and Binance.
- The U.S. has transitioned into a major crypto hub under President Trump, with lawmakers and regulators supporting the industry, as seen in eased regulations for digital asset companies and pro-Bitcoin executive orders.
- Companies like Deribit and Steak 'n Shake have started exploring the integration of crypto into their strategies, while the Securities and Exchange Commission (SEC) has safeguarded the rights of Bitcoin miners.
- The Trump family is also associated with several crypto exchange platforms, suggesting their active engagement in the cryptocurrency business and finance landscape, which intersects with technology, business, politics, and general news.
