The attitude of U.S. political figures towards cryptocurrencies has become a global focus, with the Trump family's changing stance particularly drawing attention. Based on Donald Trump Jr.'s speech at the Bitcoin 2025 conference, the Trump family has transformed from initially questioning Bitcoin to actively embracing it, with the key catalyst being the "de-banking" pressure they experienced in the traditional financial system.
"De-banking" Falls into Despair
Donald Trump Jr. described the family's involvement in cryptocurrencies as an "inevitable outcome".
He recalled that after Donald Trump's first presidential term, the Trump family and its related organizations faced widespread banking service suspensions due to political factors, known as "de-banking", which even extended to insurance areas, leaving them in a situation of "everything being blocked".
Donald Trump Jr. candidly stated that this cruel experience made their family deeply understand the fragility of the traditional financial system. In fact, such "de-banking" pressures are not isolated cases. Public information shows that the Federal Deposit Insurance Corporation (FDIC) has also suggested that banks adopt a cautious or even suspended attitude towards cryptocurrency-related services.
These experiences collectively prompted the Trump family to actively seek solutions "beyond traditional finance", ultimately focusing on cryptocurrencies.
Two Sons Persuade Trump
In this transformation, Donald Trump Jr. and his second son Eric Trump played a crucial "orange-pilled" role, successfully convincing their father Donald Trump, who was initially skeptical about Bitcoin.
Donald Trump Jr. explained that due to their personal experience with traditional financial system blockades, the brothers recognized the potential of cryptocurrencies earlier than their father, describing him as a "quick learner".
Now, the Trump family appears quite proactive in the cryptocurrency field, such as issuing stablecoins through World Liberty Financial, exploring cryptocurrency investments through Trump Media & Technology Group (TMTG), and even creating the eye-catching $TRUMP meme coin.
The Trump family's crypto business activities have raised concerns about potential conflicts of interest, but have also indirectly promoted discussions about cryptocurrency regulations and legislation.
Trump Represents Regulatory Direction
The market expects that if Trump takes office, he may move away from the previous "regulation is enforcement" approach and show a more clear willingness to promote new cryptocurrency regulations and legislation. This includes potentially softening the attitude towards banks handling cryptocurrency businesses and considering adjusting some regulations on non-bank digital payment applications.
Donald Trump Jr. expressed optimism, believing that with the potential enactment of stablecoin legislation, along with possible future market structure bills and strategic Bitcoin reserve legislation, these gradually improving regulations will bring enormous momentum to Bitcoin, potentially creating a "perfect storm" that could make Bitcoin "fly to the Moon".
The future development of the crypto field and its profound impact on the overall financial landscape undoubtedly deserves continued market attention. As Eric Trump warned:
"Banks that do not embrace cryptocurrencies may disappear within a decade."
