Eric Trump has stated that the Trump family turned to cryptocurrency after their conglomerate was effectively "debanked" following the January 2021 Capitol attack. According to Eric Trump, the Biden administration used banks as a tool to cut off the crypto industry's access to banking services, which he described as the financial system being "weaponized" against them, similar to how it had been used against the Trump family previously for other reasons. This shift to pro-crypto sentiment was driven by the restrictions imposed by traditional banking institutions post-attack, highlighting vulnerabilities within the financial system.