- Eric Trump revealed that he holds SUI together with different prime cryptocurrencies.
- Trump’s SUI possession stunned many crypto neighborhood members.
- Cryptocurrency advocates criticized the SEC for mismanaging cryptocurrency rules.
Eric Trump, the crypto-supporting son of the following US president, has revealed that SUI is without doubt one of the cryptocurrencies he owns. In a latest interview, Eric said that he holds 4 cryptocurrencies in his portfolio, together with Bitcoin, Ethereum, Solana, and SUI. Whereas the opposite three cryptocurrencies are family names, Eric's SUI possession stunned many crypto neighborhood members.
In the meantime, Eric, who serves as vice chairman of the Trump Group, mentioned plans to work together with his father to make America a worldwide hub for cryptocurrencies. His Bitcoin possession didn’t shock most crypto neighborhood members, contemplating his bullish sentiment in direction of the Pioneer cryptocurrency through the years.
Eric's enthusiasm for Bitcoin is obvious from his daring prediction on the Bitcoin MENA convention in Abu Dhabi final yr, the place he predicted the worth of Bitcoin would attain $1 million. This sentiment is in line with the pro-Bitcoin stance of his father, the president-elect, who plans to determine a nationwide Bitcoin reserve to solidify America's dominance within the crypto area.
Associated: Donald Trump envisions America changing into the crypto capital of the world
Criticism of the SEC’s strategy to cryptocurrency regulation
Along with disclosing his crypto holdings, Eric Trump criticized the SEC's work underneath Gary Gensler, saying the fee, with help from President Joe Biden, has He mentioned that he had launched a “holy conflict'' towards the USA. Many crypto advocates agree with Eric's place on the SEC and Gensler, with U.S. Congressman Michael John Flood just lately saying that underneath Gensler, the SEC would set again the nation's innovation by 20 years. He identified that the federal government had carried out inadequate digital forex rules.
Regardless of criticism of the SEC and the cryptocurrency sector's setbacks, Eric stays assured in his father's potential to overtake the crypto trade and set America on the proper technological path. The vice chairman of the Trump Group mentioned his father would atone and restore the harm the outgoing administration brought about to the cryptocurrency trade. Eric mentioned his father plans to make America the crypto capital of the world via a clear course of.
Associated: President Trump's Bitcoin plan may make the US the world's crypto chief
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