“You are going to have the most pro-crypto president in the history of America. Think of a president who is not going to allow Bitcoin and cryptocurrencies to be overregulated and stifled. » Eric Trump, the son of the American president-elect, was enthusiastic this week at the occasion of Bitcoin MENA 2024, a conference organized in the United Arab Emirates which brought together several thousand participants.
The Trumps invest in cryptocurrencies
The 40-year-old businessman promised that he would work in tandem with Donald Trump on these issues. But if the latter spent so long on the plane, it was not only to discuss regulations and politics, but to talk business.
According to the New York Timesit was in particular about the company World Liberty Financial. Launched in September, this platform allows investors to borrow and lend using cryptocurrencies. It also offers a digital currency.
The leader took the opportunity to discuss the enormous reversal of Trump on the subject. According to him, his family found itself forced to take an interest in cryptos, when large financial institutions refused to do business with them following the assault of January 6, 2021 for which the Republican was prosecuted for attempted coup d’état.
He emphasizes thus: “The attacks on family, the attacks on our business, the wickedness of the system, the hell they put us through. Without this retaliation, I don’t think my eyes would have been as open to the cryptocurrency industry. »
Donald Trump, new crypto pope?
After having sharply criticized Bitcoin, which he described as a “scam”, Donald Trump has completely changed his approach and he now presents himself as a fierce defender of cryptocurrencies. Investors in the sector understood this and supported his campaign, as did that of the Republicans in Congress.
Putting words into action, the president-elect decided to appoint David Sacks as “White House AI and Cryptocurrency Czar.” The co-founder of the venture capital firm Craft Ventures. The leader gave him the mission of “making America the undisputed world leader in these two areas. It will preserve free speech online and move us away from bias and censorship by big tech companies.” More information on this here.
