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Donald Trump Jr. distances himself from $TRUMP meme coin: 'I wasn't involved'
- Donald Trump Jr. Appeared on CNBC on Tuesday to discuss the family's involvement with President Trump's $TRUMP meme coin and related crypto ventures.
- The Trump family shifted to cryptocurrency after banks refused to do business with them once Donald Trump became president, a move they say was out of necessity, not trendiness.
- While Trump Jr. Denied direct involvement with the $TRUMP coin and its wallet, he defended their broader crypto activities including stablecoins and bitcoin mining, emphasizing blockchain’s anonymity.
- The $TRUMP token was introduced just prior to Trump's return to the presidency, experienced a peak market valuation near $15 billion, then lost most of its value, and reportedly generated over $324 million in fees for the creators by the end of April.
- Despite Trump Jr.’s insistence that "you don't know" who controls memecoin holdings, the family's crypto role continues to prompt scrutiny amid concerns over potential influence and anonymous funding.
17 Articles
17 Articles
'Guilty of everything': Trump Jr. ripped for awkward defense of 'terrible idea'
In the past, President Donald Trump was highly critical of digital currencies.But during his second presidency, Trump is wholeheartedly embracing them, including memecoins.The president's oldest son, GOP activist Donald Trump Jr., defended his father's embrace of crypto technology during a Tuesday, May 3 appearance on CNBC's "Squawk Box."READ MORE: Trump furious at Amy Coney Barrett ahead of big Supreme Court rulings: reportDon Jr. claimed that …
Cornered on CNBC, Don Jr. Scrambles to Defend Trump’s Meme Coin, Says ‘I Was Not Involved’
Donald Trump Jr. found himself on the defensive Tuesday morning when CNBC’s Squawk Box hosts grilled him over the controversial $TRUMP meme coin — a cryptocurrency tied to his father that’s raised serious ethical concerns. Host Joe Kernen didn’t mince words. “Is that OK — for your dad to have a meme coin?” he asked directly, referencing reports that the coin has raked in over $320 million for Donald Trump and related businesses. Don Jr. tried to…
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