Eric Trump Leads Trump Organization Shift to Crypto After Bank Severance

Eric Trump revealed that the Trump family’s significant move into cryptocurrency was triggered by being "debanked" in early 2021 when several banks abruptly shut down hundreds of Trump Organization accounts without explanation following the January 6 Capitol riot. This experience exposed to Eric how fragile and politically weaponized the traditional banking system had become, prompting the family to shift millions of dollars to smaller banks before settling with an unnamed new bank. Eric quickly took charge of integrating crypto into the Trump Organization’s operations, including ventures in Bitcoin mining, token investments, and blockchain projects, with their most valuable asset being World Liberty Financial, valued at $4.5 billion. He emphasized that their crypto activities are independent of the presidency, despite critics accusing the family of leveraging their political position for financial gain. President Trump has since signed an executive order directing regulators to investigate whether banks discriminate based on political or religious beliefs, aiming to punish such practices if found. Eric Trump’s crypto advocacy has become a prominent example within conservative circles rallying against perceived political bias in financial institutions.