Trump Family Turns to Crypto After Bank Closures
After the January 6 Capitol riot, several major banks abruptly closed the Trump Organization’s accounts without explanation. As a result, the Trump family shifted to cryptocurrency—a key move in the Trump family crypto strategy—exploring smaller banks, then embracing memecoins like $TRUMP and stablecoins such as USD1. Eric Trump claimed the Biden administration pressured banks to curb crypto access and filed a lawsuit against Capital One for alleged political bias. He now advocates asset tokenization—proposing to tokenize shares in properties like Trump Tower to open real-estate investment to global crypto investors. Looking ahead, a future Trump administration plans to ban political or religious banking exclusions and modernize crypto regulation through the SEC’s Crypto Task Force and Project Crypto. These developments highlight the Trump family crypto agenda, offering traders potential diversification and regulatory clarity.
Bullish
This news underscores a significant uptick in crypto adoption driven by political finance pressures. In the short term, memecoin $TRUMP and stablecoin USD1 could see increased trading volume as investors respond to heightened attention on Trump-related tokens. Over the long term, proposed tokenization of real estate assets and promises of clearer regulation under a future Trump administration can boost institutional interest and market liquidity. Greater regulatory clarity and new asset classes typically support price appreciation and broader market confidence.