Eric Trump Says He's 'Fallen in Love' With Crypto and the Trump Organization Will Soon Announce a Major New Initiative

The Trump Organization will be announcing a major new initiative in the coming weeks concerning crypto currency, with company president Eric Trump telling the Post he sees immense promise in the burgeoning technologies — and he's ready to make use of them in his company's portfolio.

The Trump Organization is set to announce a major new initiative in the coming weeks related to cryptocurrency.

Company president Eric Trump told the New York Post that he sees great potential in the emerging technologies and is eager to integrate them into the organization's portfolio.

Earlier this month, rumors of the Trump Organization's crypto plans began circulating after Trump's younger son posted on X that he had “fallen in love” with the new technology and urged his followers to “stay tuned” for an upcoming announcement.

“I have truly fallen in love with Crypto / DeFi. Stay tuned for a big announcement…@Trump @realDonaldTrump @DonaldJTrumpJr,” Eric Trump wrote in the X post.

Now, in an exclusive interview with the Post, the forty-year-old second son of former president Donald Trump revealed more details about the organization's upcoming crypto initiative.

Trump said he sees crypto and decentralized finance asを持つing the potential to accelerate the US economy.

“It’s digital real estate,” Trump told the Post. “It's equitable. It's collateral anyone can get access to and do so instantly. I don't know if people realize what a shake up that is for the world of banking and finance. I hope we can help change that.”

According to Trump, over half of the US population is currently considered “unbanked,” meaning they are unable to obtain bank accounts and loans from most financial institutions.

However, with the Trump Organization's upcoming crypto initiative, this could change.

“But with this technology they [the unbanked population] could have the ability to almost instantaneously be approved or denied from a lender based on math, not policy.

Money could be in their account in minutes, not months,” Trump explained.

The second son of the former president also expressed his dissatisfaction with the financial sector, which he believes has become overly bureaucratic in recent decades.

According to Trump, this bureaucracy now stifles economic growth and necessitates drastic changes.

“The system as it stands now can be manipulated. And it is. All the time,” he said. “My family has certainly had our fair share of financial discrimination.

I've had a unique perspective on how easily people can be kept out of certain markets. It slows everything down. It’s not right.”

The details of the Trump Organization's upcoming crypto announcement are still being kept under wraps, and the organization's president declined to reveal them prematurely.

However, once everything is finalized and ready to be shared with the world, he said he will proceed to do so.

“At some point I think we all want some form of financial independence and a world where we don't have to play by the big bank’s playbook,” Trump concluded. “That day's coming soon.”