Trump's eldest son: encryption will become the future of finance, and it will be a trillion-dollar industry.

On August 19, Donald Trump Jr., the eldest son of Trump, stated in an interview with Bloomberg that entering the encryption field was not due to a deep understanding of crypto, but rather out of necessity: the Trump family has been "de-banked" by the traditional financial system. "A few years ago, in this town, with just one phone call, almost no one would refuse to lend to my real estate projects. But once we were labeled as 'political,' we became 'unpopular' overnight." "Therefore, crypto assets represent the future of finance; we must establish the necessary 'guardrails' through legislation to keep this industry here. This will be a trillion-dollar industry that should take root in the United States. The U.S. should benefit from the taxes, innovation, and rise it brings, and it should maintain that strategic foresight. So, I am very excited about that bill because it will ensure that the U.S. becomes the home of future crypto assets and Blockchain technology."