Donald Trump Jr. Says Crypto Was A Lifeline After Being Debanked: 'We Got Into It Out Of Necessity'

Benzinga

Donald Trump Jr. said his family turned to cryptocurrency after being "debanked" following their father's presidency, losing access to traditional banking systems. In an interview with CNBC, he said the Trump Organization shifted toward crypto out of necessity. Trump Jr. said losing access to traditional banking gave his family a firsthand experience of the financial exclusion many Americans face. He explained that this led the Trump Organization to invest in cryptocurrency projects like American Bitcoin, USD1, and World Liberty Finance to safeguard against being cut off from the system. Trump Jr. highlighted the efficiencies of blockchain and argued that stablecoins could preserve U.S. dollar dominance.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Donald Trump Jr. said his family turned to cryptocurrency after being debaked

00:06following their father's presidency, losing access to traditional banking systems.

00:10Interview with CNBC said the Trump Organization shifted towards crypto out of necessity.

00:15Trump Jr. said losing access to traditional banking gave his family a firsthand experience

00:19of the financial exclusion many Americans face. He explained that this led the Trump

00:23Organization to invest in cryptocurrency projects like American Bitcoin, USD1,

00:28and World Liberty Finance to safeguard against being cut off from the system.

00:32Trump Jr. highlighted the efficiencies of blockchain and argued that stablecoins

00:36could preserve U.S. dollar dominance.

00:38For all things money, visit Benzinga.com slash GSTV.

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