Donald Trump Jr. revealed this week that his family’s deep involvement in cryptocurrency was not just a business venture, but a necessity after they were effectively blacklisted by traditional financial institutions due to their political affiliation.
Speaking on the topic, Trump Jr. said the family was forced to find alternatives to banking after being “debanked” in the wake of their high-profile political involvement.
“The reason we got into crypto, and we’re all in on crypto, and we’re doing American Bitcoin, and we have world Liberty finance and USD one was because there was a time, and probably I’d been on this show, where there was, I could call any single banker in New York City,” Trump Jr. explained.
“They’d pick up the phone, I’d be able to get a loan for whatever real estate project I was doing across the street. Then we got into politics, and all of a sudden they wouldn’t take your call. You couldn’t get financing. We were de banked.”
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He said the experience made both him and his brother realize how closed off the financial system truly is for ordinary Americans, describing it as a system that benefits a privileged few while keeping others locked out.
“And what I realized, and my brother realized, because we were the recipients of every subpoena imaginable, was that, you know what, we were actually just the top of this sort of pyramid scheme that we didn’t realize we were a part of, that the financial system was totally undemocratized,” he said.
“Because we had a certain balance sheet and whatever we could kind of do, whatever we wanted, the regular guy was messed up. Now we were all of a sudden in the shoes of the regular guy that wouldn’t be able to take advantage of the markets.”
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Trump Jr. pointed to cryptocurrencies like American Bitcoin and USD Coin as viable alternatives that offer decentralization and efficiency — particularly in sectors like real estate and title insurance, where blockchain technology could streamline outdated processes.
“And we said, what’s the solution for that? The answer is crypto, these decentralized platforms where you’re not beholden to this, where you create efficiencies,” he said.
“As a guy that did real estate, why am I paying points in and out for title insurance that could be done on the blockchain?”
He emphasized that the family’s move into the crypto space wasn’t driven by trend-chasing, but out of the need to survive in a financial system that abruptly cut them off.
“So we got into crypto not because it was like, Hey, this is the next cool thing. We got into it out of necessity. We got into it because we understood just how quickly we could be turned off, even as an incredible developer from New York,” Trump Jr. stated.
“I mean, I don’t think anyone would argue that we didn’t change the skyline of New York City, but that disappeared in an instant.”
Referencing the legal battle with New York Attorney General Letitia James, he added, “I mean, we’re getting sued by the New York State AG, half a billion dollar fees for paying back loans on time with interest. These aren’t, you know, fair markets. There’s no, nothing egalitarian about any of that.”
Trump Jr. concluded by stating that the move into cryptocurrency was an act of innovation and survival, not politics.
“So we actually, as innovators, as people who understand these things, we went all in on a concept that makes total sense, because we’d actually been the recipient of how quickly that can be shut off,” he said.
WATCH:
Donald Trump Jr. says his family went “all in” on crypto after being debanked:
“We got into crypto not because it was the next cool thing. We got into it out of necessity. We got into it because we realized how quickly we could be turned off..”pic.twitter.com/0VLp3Stzb4
— ALX 🇺🇸 (@alx) June 3, 2025
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