🔥The Trump family was denied banking services for political reasons, prompting a change in stance on cryptocurrency
Donald Trump's eldest son, Donald Trump Jr., revealed at the Bitcoin 2025 conference that his family had been denied banking services since 2016 for political reasons.
This prompted him and his brother Eric to urge their father to change his views on cryptocurrency. Trump Jr. stated that after the family was "completely locked out" of traditional financial services, he realized the fragility of the current financial system and convinced his father to gain a better understanding of blockchain technology.
Previously, in 2021, Donald Trump had called Bitcoin a "scam," but after being explained by his two sons, he changed his perspective and viewed decentralized finance as an important goal of his administration.
This marks a significant turning point in Donald Trump's shift from a cryptocurrency skeptic to a strong supporter, with the launch of the memecoin $TRUMP and the establishment of World Liberty Financial alongside his two sons. However, these moves have also raised concerns about conflicts of interest and ethics in American politics.
