Donald Trump Jr. Admits Felon Dad Turned To Crypto Because Banks Wouldn't Loan Them Money

Donald Trump Jr. said the Trumps had no choice but to turn to crypto because banks would not loan them money.

If you are enjoying The Daily, please support our work by becoming a subscriber.

Crypto has been lucrative for the Trump family. Critics of cryptocurrency have long called it a haven for money laundering and illegal activity. Donald Trump Jr. tried to dress up the family, turning to crypto in one of his political conspiracy theories, but he told CNBC the real reason why the Trumps got into crypto.

Trump Jr. said:

 The reason we got into crypto, and we're all in on crypto and we're doing American Bitcoin and we have World Liberty Finance and SD one was because there was a time, and probably I'd been on this show, yeah, where there was a, I could call any single banker in New York City, they'd pick up the phone.

I'd be able to get a loan for whatever real estate project I was doing across the street. Then we got into politics and all of a sudden they wouldn't take your call. Right? You couldn't get financing. We were de-banked and what I realized, and my brother realized 'cause we were the …