Eric Trump Champions Crypto as Potential Lifeline for the US Dollar

Digital assets surge as traditional finance faces existential pressure—Trump's endorsement signals shifting political winds toward blockchain solutions.

POLITICAL ENDORSEMENT MEETS FINANCIAL INNOVATION

Trump's crypto advocacy cuts through conventional banking skepticism, positioning digital currencies as viable alternatives to centralized monetary systems. The move bypasses traditional financial gatekeepers while appealing to younger, tech-savvy voters.

MARKET IMPLICATIONS

Bitcoin and major altcoins rally on political validation—institutional adoption accelerates as legacy systems show vulnerability. Treasury secretaries sweat while crypto exchanges report record inflows.

Because nothing says 'stable currency' like volatile digital assets backed by political rhetoric—just what the Federal Reserve ordered.

The firm emerged earlier this year from a merger between his family-backed American Bitcoin venture and Gryphon Digital Mining, and now trades under the ticker ABTC.

Weaker Dollar Reflects Fed’s Cautious Easing and Mounting Debt Fears

The comments land at a time when the US dollar has weakened. President Donald Trump’s trade battles, along with his frequent clashes with the Federal Reserve, have unsettled investors.

The Fed cut interest rates on Wednesday for the first time this year, reinforcing concerns over inflation and debt levels that continue to pressure the greenback.

Donald Trump has repeatedly argued for lower rates since taking office, saying the US benefits more from a weaker currency. He has also pledged to make America the “crypto capital” of the world and encouraged regulators to take a lighter approach to digital assets, fueling record highs in bitcoin and other tokens.

Trump Family Expands Crypto Interests From ETFs to Memecoins and Stablecoins

The Trump family’s interests in crypto now span a Truth Social Bitcoin ETF, memecoins named after Donald and Melania Trump, and a stablecoin venture tied to Trump Media & Technology Group.

Speaking at the Bitcoin 2025 Asia conference in Hong Kong last month, Eric Trump predicted Bitcoin WOULD inevitably reach $1m. He pointed to mounting demand from governments, corporations and wealthy families. “Everybody wants Bitcoin. Everybody is buying Bitcoin,” he said.

Further, Trump cast crypto as a challenge to Wall Street. He said he took pride in building companies without the help of America’s biggest banks, describing it as “the ultimate revenge against the big banks and modern finance.”

The Trump Organization is currently suing Capital One, alleging it closed its accounts in 2021 for political reasons, which the bank denies.

He added that crypto has changed perceptions of financial access. “You realise you just don’t need them. And frankly, you don’t miss them,” he said, referring broadly to Wall Street lenders.

Trump Ties to Stablecoins Add Political Weight to Financial Debate

Stablecoins in particular are emerging as a flashpoint between crypto and banking. US banking executives have warned they could drain deposits if they offer higher yields than savings accounts.

At the same time, the White House has encouraged issuers such as Tether and Circle to buy US Treasury debt, a move seen as key to supporting the bond market as Washington issues trillions of dollars in new debt each year.

Eric Trump has his own stake in that trend. Last year, he co-founded World Liberty Financial Inc, which runs a stablecoin pegged to the US dollar. According to disclosures, his father held more than 15b WLFI tokens at the end of 2024, a position worth more than $3b at recent prices.

The younger Trump, however, downplayed the financial windfall. “If my father cared about monetizing his life, the last thing he would have done is run for president, where all we’ve done is un-monetize our life,” he said.