PANews reported on May 28 that according to CoinDesk, Donald Trump Jr. revealed at the Bitcoin 2025 conference that after the family was blocked from banking services for political reasons, he and his brother Eric pushed their father to change his stance on cryptocurrencies. Junior Trump stated that the experience of a "comprehensive blockade" (interruption of banking, insurance, and other services) of the family business after 2016 made him realize the fragility of the traditional financial system. Although Trump once called Bitcoin a scam in 2021, he "quickly understood the technology" after explanations from his two sons. He mocked Vice President Harris and other politicians for bandwagon support of cryptocurrencies, and said that financial democratization is one of the core goals of the current administration.
Despite criticism that cryptocurrency projects like the meme coin TRUMP issued by the Trump family lack transparency, Junior Trump believes that current legislative progress on stablecoins will boost Bitcoin's rise.
