economy
February 18, 2026
Trump Jr. Calls Banking a 'Ponzi Scheme' That Forced Family to Create Crypto Business
Donald Trump Jr. and Eric Trump are hosting the World Liberty Forum at Mar-a-Lago in Palm Beach, Florida, which is owned by their father, President Donald Trump.
TL;DR
- Donald Trump Jr. described traditional banking as a 'Ponzi scheme' that forced his family into cryptocurrency.
- The Trump family's accounts were reportedly closed by banks in early 2021, prompting their move into crypto.
- Eric and Donald Trump Jr. believe banks have 'debanked' clients due to conservative politics.
- Their crypto venture, World Liberty Financial, aims to modernize finance and prevent future 'cancellations.'
- Senator Elizabeth Warren has criticized the Trump family's crypto involvement, particularly a deal involving Sheikh Tahnoon bin Zayed Al Nahyan and AI chips.
- Donald Trump Jr. stated that stablecoins democratize access to finance and loans for businesses.
- Goldman Sachs CEO David Solomon attended the World Liberty Forum, calling World Liberty Financial a client.
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