Donald Trump Jr. revealed that the Trump family turned to cryptocurrency after facing banking restrictions during their political ascent. According to Trump Jr., lenders in New York ceased communication and halted real estate financing, prompting the family to explore crypto as an alternative. This shift was influenced by subpoenas, financing challenges, and inefficiencies in real estate transactions. The family's move to crypto was further solidified by political scrutiny and the suspension of foreign deals during the first Trump administration. Currently, the family is involved in projects like American Bitcoin and World Liberty Finance, adhering to regulatory requirements as they expand.
Trump Family Embraces Crypto Amid Banking Challenges, Says Trump Jr.
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
