# Eric Trump reveals why his family shifted to cryptocurrency amid cancel culture, opens up about his White House role

In a recent interview, Eric Trump, Executive Vice President of the Trump Organization, shed light on his family's strategic pivot towards cryptocurrency, attributing the shift to challenges posed by cancel culture and traditional financial institutions. He described the Trump Organization as "the most canceled company, probably on Earth," highlighting the difficulties they faced with conventional banking systems. This sentiment was echoed in a lawsuit filed by the organization against Capital One, alleging the unjustified closure of over 300 bank accounts following the January 6, 2021, Capitol incident.

The move into the cryptocurrency sector has been multifaceted. Eric Trump and his brother, Donald Trump Jr., co-founded American Bitcoin, a bitcoin mining company, in collaboration with Asher Genoot, CEO of Hut 8. This venture aims to establish itself as a significant player in the bitcoin mining industry. Additionally, the family introduced a US dollar-backed stablecoin through their firm, World Liberty Financial. These initiatives align with President Donald Trump's ambition to position the United States as the "crypto capital of the world.

Eric Trump emphasized that the family's entry into the cryptocurrency space was driven more by a desire for financial autonomy than by profit motives. He noted that the decentralized nature of cryptocurrencies offers a level of transparency and efficiency not found in traditional banking systems. Despite the family's close association with the current administration's pro-crypto stance, Eric Trump clarified that he maintains no official role within the White House and does not influence governmental policies. He stated, "I don’t have anything to do with the government, and frankly, I don’t want anything to do with the government.

The Trump family's foray into cryptocurrency has garnered attention and sparked discussions about the intersection of politics, business, and digital finance. As they continue to navigate this evolving landscape, their involvement underscores the growing significance of cryptocurrencies in the broader economic and political discourse.

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