President Donald Trump’s son Eric Trump on Friday said allegations coming from Capitol Hill over his company World Liberty Financial helping sanctioned countries like Russia and North Korea launder money are “absolutely laughable.”
According to the interview, Eric said, “We know your customer. Every single person that buys a token from us is verified. Give me a break.” He directly called out Senator Elizabeth Warren, saying she’s been targeting his family for years and once accused him of treason.
The letter sent by Warren and Jack Reid to Attorney General Pam Bondi and Treasury Secretary Scott Bessant demanded a probe into whether World Liberty sold tokens to adversarial governments.
Eric rejected every part of it. “I have zero involvement with the administration. I stay out of policy. I run companies,” he said. He added that his father, now back in the White House, has “absolutely nothing” to do with crypto or the family’s projects.
He defended Binance founder CZ, granted a presidential pardon, as someone he met “maybe once,” and insisted the connection to the $2 billion deal involving a Trump-tied stablecoin was overblown.
Eric mines Bitcoin daily and doubles down on accumulation
American Bitcoin’s Q3 results showed $3.5 million in net profit, while gross margin came in at 56%, and revenue nearly doubled.
The company mines BTC from West Texas, claiming production costs are 50% below market. “We mine it every single day,” Eric said. “Our only metric is Bitcoin per share. That’s what we care about.”
Asked about Bitcoin’s crash to $80,000, he said, “This is a great time to buy Bitcoin. You go back two years, it was $36,500.Three years ago, it was $16,000.Today it’s at $91,000. Name another asset that’s done that.”
Eric said more countries and firms are adding BTC to their balance sheets, pointing to the UAE, El Salvador, Fidelity, BlackRock, and Coinbase as examples.
He claimed American Bitcoin now ranks 23rd in the world among public treasuries and said the company’s biggest facility produces over 2% of global Bitcoin.
He also addressed why he entered mining while others exited.
“We’re surrounded by some of the smartest people. Our sister company, Hut 8, builds and powers data centers. That backbone lets us mine Bitcoin more efficiently than anyone.”
While other miners chase AI, Eric is sticking with BTC. He said Bitcoin is easier to move than hotels or fixed assets and requires no brokers or paperwork. “It’s the best hedge to hard assets,” he said.
Trump family turns to tokenized real estate and stablecoin finance
Eric said his family was locked out of traditional banking. He claims Capital One, JP Morgan, and Bank of America closed nearly 400 accounts tied to their hotels, restaurants, condos, and golf clubs. “They debanked us for doing nothing. Just because my dad wore a red hat that said ‘Make America Great Again’.”
That experience apparently led to launching World Liberty Financial, which Eric says is now the fastest-growing stablecoin company on Earth. He said stablecoins will return trillions of dollars to the U.S. and “saved the dollar.”
He said crypto lets people move money any time, without “72-hour purgatory.” He said, “Is it fair you can’t send a wire after 5 PM Friday? That’s not financial freedom. With crypto, I can move funds on a Saturday from my phone over wine.”
Eric also said the same banks that cut them off now “kiss our you-knows” and want back in. He said, “Blockchain solves everything they used to control.”
Eric then brought up tokenization, saying, “Why should only Deutsche Bank get to fund us? Why can’t someone who loves our brand own a piece of it?”
According to him, tokenization will expand access across industries like art, music, oil, real estate and bypass middlemen like brokers and title firms. “Tokenizing title alone will save people from getting killed by closing costs,” he said.
Eric also doubled down on his $1 million Bitcoin call. “It’s not a straight line, but go back three years: $16,000 to $91,000 today. Even if it dipped to $7,000, people still called it dead. They always do.”
He said 401(k) allocations are growing, ETFs are pulling in record inflows, and volatility is falling as longer-term money replaces fast-trading funds.
He added, “If you want 4%, go buy treasuries. I’ll see you in ten years and we’ll see who won.”
