Last updated:
Crypto Reporter
Shalini Nagarajan
Crypto Reporter
Shalini Nagarajan
Share
Why Trust Cryptonews
Ad Disclosure
We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships.
Eric Trump, executive vice president at the Trump Organization and President-elect Donald Trump’s son, supports “sensible” regulatory guidelines, arguing they can help position the US as a crypto superpower.
In a CNBC interview on Monday in Abu Dhabi, the American businessman shared his long-time enthusiasm for crypto, saying, he has been “a big fan of crypto for a long time.” He also said that his father intends to “make America the crypto capital of the world” upon returning to the White House.
Eric Trump, alongside his brothers Don Jr. and Barron, leads World Liberty Financial, the Trump family’s new cryptocurrency initiative. Designed as a decentralized finance (DeFi) platform, this venture is said to allow users to borrow, lend and invest in cryptocurrencies.
Eric Trump Says America Must Lead Crypto Revolution or Risk Falling Behind
Further, Trump told CNBC that the modern banking system is outdated, saying that cryptocurrencies will inevitably catch up and surpass it. “And so, we’re incredibly excited on a lot of fronts,” he said.
“I think America will be the crypto capital of the world. I fully support it. My father fully supports it. Our family is fully embracing it. We believe in DeFi… We believe that’s the way of the future. And again, America better lead the way, otherwise we’re going to leave a lot behind,” he added.
Further, Trump stated that his father’s regulatory plans for the crypto sector would be “transparent.”
“We will have a clear road map, and hopefully the rest of the world follows that. Hopefully we can lead by example, because that’s what we should do as Americans. And hopefully we truly are the crypto superpower of the world,” he added.
Eric Trump Says Elon Musk Will Shape White House Policies
Eric Trump, who is set to give a keynote speech at the Bitcoin MENA conference on Tuesday, also said Elon Musk will influence the White House’s future policy agenda. He described Musk as “the modern-day Albert Einstein.”
Last month, Trump appointed Musk and Vivek Ramaswamy to lead the Department of Government Efficiency (DOGE). This newly created department will audit the federal government’s financial condition and operational performance. The initiative aims to propose critical reforms, reduce waste and improve efficiency.
