Eric Trump revealed that the family embraced crypto after being “debanked” following the Capitol incident. Banks closed Trump Organization accounts without explanation, forcing them to switch banks. Trump cited political reasons for the move, leading him to support crypto. The organization sued Capital One for closing accounts due to political motives.

The Trump family has been linked to the crypto industry, facing criticism for potential enrichment. Donald Trump launched the TRUMP memecoin before becoming president. World Liberty Financial, co-founded by the Trumps, offers the USD1 stablecoin. Trump’s sons founded American Bitcoin, raising $220 million for Bitcoin endeavors.

Eric Trump denied claims of profiting from his father’s presidency, hinting at a potential family member running for president in 2028. Donald Trump reportedly gained $2.4 billion from crypto ventures. Amidst growing ties to crypto, the Trump family faces scrutiny and potential political ambitions.

Read more at Cointelegraph: Eric Trump Explains Why The Trump Family Turned Toward Crypto.