Eric Trump, President Donald Trump’s son, dove further into crypto Monday when he Bitcoin mining firm that wants to “become a publicly listed company,” according to a TRUMP, and World Liberty Financial announced plans to release its own stablecoin, or cryptocurrency pegged to fiat currencies like the U.S. dollar.
Meanwhile, the White House, under Trump, has signaled a friendlier approach to the crypto industry compared to his predecessor, Joe Biden. He’s appointed an AI and crypto czar, pardoned crypto criminals, and authorized the creation of a strategic Bitcoin and digital assets reserve.
The close alignment between the Trump’s family’s crypto pursuits and the Trump administration’s pro-crypto politics has prompted critics to allege extensive conflicts of interest. Eric Trump, however, disputed those claims. He said that the Trump Organization started World Liberty Financial a year before Trump won office in November.
“This is something that our family believes,” said Trump. “It’s something our family speaks about with our heart and soul.”
