Eric Trump, the second son of President Donald Trump and the co-executive vice-president of the Trump Organization, has defended his family’s embrace of cryptocurrencies, citing it as a “perfect hedge” for their real estate portfolio. Eric Trump also addressed criticisms of the family’s alleged profiteering from the presidency.
What Happened: Eric Trump, in an interview with the Financial Times on Friday, defended the family’s business practices against accusations of profiting from the presidency. He also highlighted the family’s growing focus on cryptocurrency, describing it as a “perfect hedge” for their real estate portfolio.
