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During a conference in the Middle East, Eric Trump stated that the upcoming President will be the most supportive of cryptocurrency in history. He mentioned that his family turned to cryptocurrency after facing challenges with banks following the events of January 6th.
Written by Ismaeel Naar, Eric Lipton, and David Yaffe-Bellany.
Images captured by Tamir Kalifa
Ismaeel Naar and Tamir Kalifa provided coverage from Abu Dhabi in the United Arab Emirates, while Eric Lipton reported from Washington and David Yaffe-Bellany reported from San Francisco.
Eric Trump traveled to the United Arab Emirates to speak at a cryptocurrency conference, where he shared with a large audience his support for the crypto industry. He mentioned that both he and his father, the incoming U.S. president, are involved in this sector.
The statement stood out because it was very different from the commitment the family made when Donald J. Trump became President eight years ago, which was to ensure that business and government activities were kept separate.
Eric Trump shared that he had called his father, referring to him as "Pops," to rejoice when the value of Bitcoin reached $100,000. This happened after the president-elect revealed his plan to appoint a lawyer who is supportive of cryptocurrencies as the new head of the Securities and Exchange Commission. This agency oversees the industry that the Trump family currently benefits from.
Eric Trump informed the audience that they will have a president who fully supports cryptocurrencies, making him the most pro-crypto president in American history. He emphasized that this president will not impose excessive regulations or restrictions on Bitcoin and other digital currencies.
During the Bitcoin MENA 2024 conference, Eric Trump spoke about the family’s new business venture, World Liberty Financial, which is a cryptocurrency platform. His statements suggested that the Trump family is now more open about the president-elect’s involvement in his personal investments and less worried about potential conflicts of interest. This marks a shift from their approach during his first administration.
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