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.
According to crypto analytics firm Santiment, the decentralized oracle network Chainlink (LINK) leads all ERC-20 projects in development activity.
Vice President Kamala Harris, the Democratic candidate for the upcoming presidential election in November, recently spoke at a Wall Street fundraiser where she addressed the cryptocurrency industry for the first time.
Donors from Wall Street, Silicon Valley, and Hollywood played a key role in helping Vice President Kamala Harris’ fundraising efforts in August, giving Democrats a financial advantage over Donald Trump on the cusp of the run-off election.
Pro-XRP attorney John Deaton, who has secured the Republican nomination for a Massachusetts Senate seat, will face off against Democratic Senator Elizabeth Warren in a highly anticipated debate on October 15, 2024.