Summary
- Donald Trump Jr. sharply criticized the banking industry, calling it “a Ponzi scheme,” and said this awareness of the problem was the backdrop to the establishment of World Liberty Financial (WLFI).
- Trump Jr. said, “We didn’t jump into virtual assets (cryptocurrencies) to be out in front; we chose it out of necessity.”
- He emphasized, “In effect, it’s as if they pushed us in that direction,” explaining the background behind the shift from traditional banking to virtual assets (cryptocurrencies).
On the 18th (local time), Donald Trump Jr. attended the World Liberty Forum and, in an interview with CNBC, sharply criticized the banking industry, calling it “a Ponzi scheme.” He said this awareness of the problem was the backdrop to the establishment of World Liberty Financial (WLFI).
Trump Jr. said, “We didn’t jump into virtual assets (cryptocurrencies) to be out in front; we chose it out of necessity,” adding, “In effect, it’s as if they pushed us in that direction.”
Previously, President Donald Trump said JPMorgan closed his account in 2021 for political reasons and filed a $5 billion lawsuit against JPMorgan and CEO Jamie Dimon.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
![Wall Street cheered Nvidia–Meta tie-up, but ‘flinched’ at rate-hike talk [New York market briefing]](https://media.bloomingbit.io/PROD/news/32f5a9d3-5551-4f6e-bbd3-aa4cf4d0d897.webp?w=250)
