US EditionEric Trump says crypto ‘can’t be canceled’ as Trump family feuds with banks
- In early March 2025, President Donald Trump announced the creation of a U.S. Strategic reserve of cryptocurrencies, signaling a shift from his previous skepticism.
- Throughout his 2024 presidential campaign and successful bid for a second term, Trump increasingly embraced the cryptocurrency industry, promising a more crypto-friendly regulatory environment and potentially positioning the U.S. As a leader in the digital asset space.
- Following Trump's reelection, Bitcoin surged, surpassing $100,000 and reaching all-time highs, with a more than 40% increase in the subsequent month, although it currently hovers around $83,000.
- Donald Trump Jr. And Eric Trump have launched multiple crypto ventures, including World Liberty Financial and American Bitcoin, a mining company created in partnership with Hut 8, with Eric Trump serving as chief strategy officer, sparking ethical concerns due to the alignment of political power and potential private gains.
- Critics, including lawmakers like Elizabeth Warren and former ethics attorneys like Richard Painter, have raised concerns about potential conflicts of interest arising from the Trump family's increasing involvement in the crypto space, particularly regarding the use of tax dollars and the potential systemic effect on the economy, while others praise the family's engagement.
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41 Articles
41 Articles
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Left
3
Center
6
Right
6
Coverage Details
Total News Sources41
Leaning Left3Leaning Right6Center6Last UpdatedBias Distribution40% Center, 40% Right
Bias Distribution
- 40% of the sources are Center, 40% of the sources lean Right
40% Right
L 20%
C 40%
R 40%
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