November 17 2025
Eric Trump and Donald Trump Jr. criticized during the Bitcoin 2025 conference in Las Vegas the traditional financial system and supported the U.S. change of course in favor of cryptocurrency. The comments underscore the Trump family’s growing commitment to the crypto community, despite critics’ concerns about potential conflicts of interest that come with their involvement in the sector.
In a roughly thirty-minute presentation, the duo encouraged the audience to purchase Bitcoin and talked about the benefits of their decentralized finance platform, World Liberty Fi. This was in stark contrast to President Trump’s previous speech at a similar event.
During his speech at the Nakamoto Stage, Eric Trump said, “I would like to see some of the big banks go away, because frankly, they deserve it.” He noted that it is difficult to raise cash without being overseen, highlighting the need for an alternative, decentralized finance.
He continued: “With crypto, the financial system becomes faster, safer, and more transparent.” These comments come on the back of increased adoption of Bitcoin and other cryptocurrencies in the United States, a trend also noted with Vice President JD Vance’s recent appearance at the Bitcoin Conference.
In the first five months of President Trump's second term, several pro-Bitcoin executive orders have been issued, including calling for the establishment of a strategic Bitcoin reserve in the U.S. Treasury and promoting the rights of Bitcoin miners.
The U.S. Securities and Exchange Commission (SEC) has loosened its regulations on digital assets, halting enforcement actions against several major crypto exchanges. Lawmakers are working on a broader legal framework for the cryptocurrency industry, including an upcoming bill on stablecoins.
Erik and Donald Jr. have increasingly connected themselves to the crypto industry. The Trump family has ties to several Trump-themed NFTs and meme coins, and they back the decentralized platform World Liberty Fi, whose project team includes Donald Trump Sr. and his two eldest sons.
Eric Trump, vice president of the Trump Family Organization, also heads Trump Media & Technology, the parent company of Truth Social, which is focused on crypto initiatives including Bitcoin and crypto-based ETFs and the creation of a digital asset mining company called American Bitcoin.
Critics of the Trump family have raised concerns that much of their involvement in the crypto space is geared toward personal enrichment. A report by the organization State Democracy Defenders Action estimates that crypto initiatives have increased the Trump family’s wealth by $2,9 billion.
Donald Trump Jr. stated, “We’re actually doing everything we do. Crypto is an essential part of everything we do right now.” This not only highlights their commitment to cryptocurrency, but also the potential impact their activities could have on the broader crypto market.
Why are Eric and Donald Trump interested in cryptocurrency?
Their interest stems from negative experiences with traditional banks, which led them to develop a preference for decentralized financial systems.
What is the World Liberty Fi project?
World Liberty Fi is a Trump-backed decentralized finance platform focused on promoting cryptocurrency initiatives.
How does the Trump family influence the cryptocurrency market?
The Trump family's involvement in crypto initiatives, such as developing a digital asset mining company and investing in Bitcoin, is influencing both cryptocurrency adoption and market dynamics.
Bitcoin (BTC)
Ethereum (ETH)
XRP (XRP)
