Eric Trump Says 'Woke Cancel Culture' Led Him to Bitcoin, Crypto
Eric Trump attributes his family's embrace of cryptocurrency to "woke cancel culture," claiming banks canceled their accounts due to political affiliations. He expressed that this experience led him to recognize the flaws in the traditional financial system and the potential of crypto. At the Token2049 conference in Dubai, he stated that banks were targeting crypto users, likening it to "Operation Choke Point 2.0." President Trump, who previously dismissed Bitcoin, has shifted his stance to support the crypto industry as he campaigns for 2024. Eric launched the World Liberty Financial DeFi project and announced a stablecoin, USD1, which will be used in a $2 billion investment into Binance. This has sparked backlash over potential conflicts of interest due to President Trump's involvement. Eric also introduced a mining venture, American Bitcoin Corp, emphasizing the early stages of the crypto revolution and the importance of adaptability for future success.
