Eric Trump says crypto ‘can’t be canceled’ – Washington Examiner
Eric Trump recently expressed strong support for cryptocurrency, asserting that it acts as a safeguard against “cancel culture,” which he claims has targeted his family and their business dealings with banks.During an appearance on fox Business, Trump emphasized the importance of cryptocurrency for the future of finance, citing his family’s experiences with financial institutions like Capital One and Chase Bank, which he accused of canceling their services without justification. He believes that these actions highlight the need for alternative financial solutions offered by cryptocurrencies, suggesting that the U.S. shoudl take a leading role in this sector.
Trump also announced plans for a merger of their American data centers with Bitcoin to create a notable cryptocurrency mining operation. He argued that banks’ ability to deny service based on political views is concerning, and insists that such practices must stop. He contended that digital currencies and advances in technology present more efficient solutions than customary banking methods. Moreover, there have been collaborations between Trump Media & Technology Group and crypto exchanges, reinforcing his commitment to integrating cryptocurrency into their business strategy.
Eric Trump says crypto ‘can’t be canceled’ as Trump family feuds with banks
Eric Trump underscored the necessity of cryptocurrency for the future of finance, arguing that it is the antidote to “cancel culture” that the Trump family and others have been searching for.
Trump and his brother, Donald Trump Jr., announced that their American data centers would merge with Bitcoin and take a 20% stake in it, aiming to create the largest digital currency miner in the world. It comes after the Trump Organization sued Capital One, one of several banks that Eric Trump accused of canceling the Trump family “for absolutely no reason,” leading him to turn to crypto since “you can’t be canceled” financially through it.
“And so I truly believe in it, and really, my epiphany was, again, cancel culture and what these financial institutions, controlled by very few at the top, were able to do to people that they didn’t like. Even families like ours that had a lot of zeroes at the end of their balance sheet,” Trump explained on Fox Business’s Mornings with Maria Bartiromo.
I’ve been canceled by Capital One and Chase Bank: Eric Trump pic.twitter.com/Ijz4N7urks
— Mornings with Maria (@MorningsMaria) April 1, 2025
Trump continued by stating that banks exerting their power by “canceling businesses” opened his eyes to crypto and how much more effective and efficient the blockchain is compared to banks. As such, the United States needs to lead on cryptocurrency going forward, suggesting that banking will finally catch up with the “modern age” within 10 years.
When asked if banks had been directed by the Biden administration to cancel the Trump family, Eric Trump said, “I’m sure they were,” and banks canceling people for political views is “exactly what Capital One did. ” He then proceeded to claim that Chase Bank, Bank of America, and other banks were also guilty of this. He added that this has not just happened to the Trump family, arguing that small businesses had been shuttered due to creating goods sold at larger chains such as Bass Pro Shop.
“The weaponization is real, and it has to stop,” Trump stated. “You can’t have banks pick who they’re going to lend to, who they’re going to service the United States of America based on their political affiliation. We were targeted, and we’re going to hold those banks accountable, but it’s what made me find crypto, and it’s what made me find it so alluring. And again, there’s nothing that crypto can’t do better. There’s nothing that DeFi, and CeFi, and Bitcoin, and block chain can’t do better than these major financial institutions, and they’re going to have a rude awakening if they don’t wake up.”
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Last week, Trump Media & Technology Group, the parent company of social media platform Truth Social, reached a deal with Crypto.com to launch its own exchange-traded funds, which spiked the company’s stocks. Crypto.com was founded in 2016 and has since reached 140 million users worldwide.
In March, President Donald Trump became the first president to address a cryptocurrency conference, during which he called for the United States to become a “Bitcoin superpower.” Rep. Byron Donalds (R-FL), who is running for governor of Florida in 2026, similarly stated a month before announcing his gubernatorial campaign that Florida needs to become “the financial hub of the world” within 10 years, citing that many digital asset communities have made their way to the Sunshine State.
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