Eric Trump said in a Fox News interview on Wednesday that the Trump family has shifted "billions" of dollars into Bitcoin after several major U.S. banks closed or limited the family’s accounts in the aftermath of the January 6, 2021, riot at the U.S. Capitol. He described the move as a hedge against what he called a politically motivated "debanking" and praised the cryptocurrency sector as "the fastest-growing industry in the world." The remarks echoed comments made earlier in the day by Donald Trump Jr., who told Fox & Friends that the family had "no choice" but to embrace digital assets once traditional lenders withdrew services. Trump Jr. highlighted the family-backed World Liberty Finance, which this week announced that technology firm ALT5 Sigma would raise funds and use the proceeds to purchase $1.5 billion of the group’s WLFI digital coin. The Trumps’ public pivot underscores the widening intersection between U.S. politics and cryptocurrency, as well as the challenges faced by high-profile clients whom banks deem reputationally risky. Neither brother identified the financial institutions involved, and the banks have not commented.
🚨 JUST IN: @EricTrump says on Fox News he’s investing billions into Bitcoin, calling it “the fastest growing industry in the world.” 🔥 He compared crypto users being debanked to what happened to Donald Trump. https://t.co/pFIZ6l9zaI
🔥 JUST IN: Eric Trump claims on Fox News that "the people in cryptocurrency were being debannked just like Trump was being debanked." https://t.co/lsiPexPiEo
JUST IN: 🇺🇸 Eric Trump says being cut off from banks pushed the Trump family toward Bitcoin and crypto. Censorship-resistant money 🔥 https://t.co/DOV1rzHEaC