Cash News
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.
Rumors began swirling earlier this month when Trump’s younger son posted on X that he had “fallen in love” with the new tech and that his followers should “stay tuned” for a special announcement.
“It’s digital real estate,” he told The Post in an exclusive interview.
“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.”
The forty-year-old second son of former president Donald Trump says he views crypto and decentralized finance as potentially potent accelerants to the US economy.
“Essentially over half this country right now cannot be banked,” Trump said.
“Meaning they will be rejected for most loans from most institutions. But with this technology they 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.”
The financial sector has seen so much bureaucratic bloat over the last three decades, Trump says, that he now feels serious changes are needed to keep the economy moving.
“The system as it stands now can be manipulated. And it is. All the time,” Trump warned.
“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 announcement remain a closely guarded secret, and the source of speculation, but the Trump Organization prez says the “moment everything is final and ready to go” he will proceed to tell the world.
“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,” he concluded.
“That day’s coming soon.”