Eric Trump Reveals Why His Family Started Truth Social and Embraced Crypto
Speaking at the Qatar Economic Forum, Eric Trump offered rare insight into the Trump family’s strategy behind launching Truth Social and embracing cryptocurrency.
He said both ventures were direct responses to being de-platformed and de-banked, particularly in the wake of social media bans and financial institution restrictions that targeted his father, President Donald Trump.
“I helped them set up the pipe that enabled them to go public because the other social media platforms were canceling us,” Trump said, referring to Truth Social. “When Twitter threw my father off, we started Truth Social.”
Eric Trump emphasized that the family’s approach was to turn adversity into opportunity by launching businesses to counter what they viewed as politically motivated obstacles. “We created actual businesses as a solution to the problems that were being thrown at us,” he stated.
He also highlighted their entry into the cryptocurrency space, linking it directly to financial institutions cutting ties. “We got into cryptocurrency because we were de-banked,” Trump said. “There were people in this room that I could have called anytime for a loan, and I’d get it in five minutes. Suddenly, those same people wouldn’t take your calls or hold your bank accounts.”
Framing their investments as a proactive response, Trump concluded, “We did and invested in businesses as solutions.” The comments signal a deeper alignment between Trump-backed ventures and the broader push for alternative finance and decentralized platforms.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
