Donald Trump Jr. appeared on CNBC on Tuesday, June 3, to discuss the family’s involvement with President Donald Trump’s $TRUMP meme coin and related crypto ventures. The Trump family shifted to cryptocurrency after banks refused to do business with them once Donald Trump became president, a move they say was out of necessity, not trendiness.
While Trump Jr. denied direct involvement with the $TRUMP coin and its wallet, he defended their broader crypto activities, including stablecoins and bitcoin mining, emphasizing blockchain’s anonymity. The $TRUMP token was introduced just prior to Trump’s return to the presidency, experienced a peak market valuation near $15 billion, then lost most of its value, and reportedly generated over $324 million in fees for the creators by the end of April.
Trump Jr.’s insistence that “you don’t know” who controls meme coin holdings, the family’s crypto role continues to prompt scrutiny amid concerns over potential influence and anonymous funding.
