In an exclusive interview with the New York Post, Eric Trump, executive vice president of the Trump Organization, highlighted the potential of cryptocurrency, describing it as "digital real estate" that offers fair and immediate access to financial services.
Eric Trump, who has been instrumental in expanding the Trump Organization’s portfolio of real estate and golf courses, views cryptocurrency and decentralized finance (DeFi) as tools that could revolutionize the U.S. economy.
He highlighted the issue of financial expropriation, stating that “over half of this country is currently unbanked,” and suggested that cryptocurrencies could provide solutions for those left out of traditional banking systems.
Trump also criticized the current financial system as manipulative and discriminatory, alluding to his personal experience with “financial discrimination” as a motivation for this new venture.
Though details remain scarce, Eric Trump has promised to reveal more once everything is finalized, fueling speculation about the Trump Organization’s potential impact on the crypto market. This comes after a cryptic social media post in which Trump hinted at his growing interest in the technology.
Kraken is reportedly finalizing a $1.5 billion deal to acquire futures trading firm NinjaTrader, marking one of the largest crypto-related acquisitions.
Coinbase has emerged as the leading node operator on the Ethereum blockchain, according to a report from the company.
Cathie Wood, the CEO of ARK Invest, has expressed strong doubts about the sustainability of memecoins, despite their recent popularity.
A recent report from Coinbase and EY-Parthenon, published on March 18, reveals that institutional interest in cryptocurrency is on the rise.