- Eric Trump reveals he owns SUI alongside different main cryptocurrencies.
- Trump's possession of SUI shocked many within the crypto neighborhood.
- The professional-crypto character criticized the SEC for its poor dealing with of crypto regulation.
Eric Trump, the pro-crypto son of the brand new president of america, revealed that SUI is among the cryptocurrencies he owns. In a current interview, Eric famous that he holds 4 cryptocurrencies in his portfolio, together with Bitcoin, Ethereum, Solana, and SUI. Whereas the opposite three cryptos are extra well-known names, Eric's SUI possession shocked many within the crypto neighborhood.
In the meantime, Eric, who serves as vp of the Trump Group, mentioned his plans to work along with his father to make America a worldwide hub for cryptocurrencies. His possession of Bitcoin got here as no shock to most within the crypto neighborhood, given his bullish sentiment towards the pioneering cryptocurrency over time.
Eric's enthusiasm for Bitcoin is clear from his daring prediction on the Bitcoin MENA convention in Abu Dhabi final yr, the place he predicted that the value of Bitcoin would attain $1 million. This sentiment aligns with the pro-Bitcoin stance of his father, the brand new president, who plans to determine a nationwide Bitcoin reserve to consolidate US dominance in cryptocurrencies.
Associated: Donald Trump envisions America changing into the crypto capital of the world
Criticism of the SEC's Method to Crypto Regulation
Along with disclosing his cryptocurrency holdings, Eric Trump criticized the SEC's actions underneath Gary Gensler, saying the Fee had launched a “holy conflict” towards the cryptocurrency trade with the assist of President Joe Biden. Many crypto proponents agree with Eric's stance on the SEC and Gensler, with U.S. Congressman Michael John Flood just lately noting that the SEC, underneath Gensler, carried out poor crypto regulation that induced set again the nation's technological innovation by 20 years.
Regardless of his criticism of the SEC and the crypto trade's setback, Eric stays assured in his father's potential to restructure the crypto trade and put America on the precise technological path. The Trump Group vp famous that his father will make amends and restore the injury that the outgoing administration inflicted on the crypto trade. Eric mentioned his father envisioned making America the crypto capital of the world by way of a clear course of.
Associated: Trump's Bitcoin Initiatives May Make the US a World Crypto Chief
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