- Donald Trump Jr. criticized mainstream media coverage and discussed moving towards alternative media channels at Token 2049 in Singapore.
- He said the Trump family became more active in the crypto space after facing “debanking” and deplatforming by traditional institutions.
- Trump Jr. described independent journalism, podcasts, and long-form formats as important for open communication beyond traditional media sound bites.
- Industry figures highlighted that transparency and accountability are key for media credibility, whether using mainstream or independent outlets.
- Observers from the crypto industry noted that alternative media often better understands and represents the rapidly changing crypto culture.
Donald Trump Jr. spoke at Token 2049 in Singapore, saying the media’s treatment of his family led them to create alternative ways to share their views and interact with the public. Trump Jr., who is co-founder of World Liberty Financial, explained that the family’s move into the cryptocurrency sector was driven by their need for fairer coverage and access after they were reportedly “debanked” and removed from major media and financial platforms.
He said his experiences with mainstream media have been challenging, noting that traditional press coverage rarely gave them a “fair shake.” He said independent outlets, podcasts, and long-form interviews offer a way to have real conversations and reach audiences without relying on what he called biased media organizations.
“We got into crypto because—out of necessity—we were debanked, so we came up with a solution,” Trump Jr. said. He compared their removal from financial institutions to experiences of being excluded by the media and social media platforms. Eric Trump, his brother, has previously stated that some of the world’s biggest banks closed their accounts after President Trump’s first term, which Eric blamed on “woke cancel culture.”
Crypto industry leaders responded positively to Trump Jr.’s remarks. Tory Green, co-founder of decentralized GPU platform IO.net” target=”_blank” rel=”nofollow external noopener”>io.net, told Decrypt that transparency and accountability are crucial for both media outlets and financial projects. Green pointed out that mainstream media sometimes leaves out important details about cryptocurrency, boosting the role of independent reporting.
Nic Puckrin, CEO of Coin Bureau, expressed the view that deplatforming—removing people from major online platforms—was wrong, saying, “You should have an opinion. You should be able to share it, right? … deplatforming is bad,” though he added that Trump Jr.’s account was “a bit of a spin.”
Cecilia Hsueh, chief strategy officer at MEXC, noted that alternative media does a better job at reporting on the crypto industry’s unique and fast-moving culture. She said that traditional media tends to view crypto as mainly speculative but is beginning to evolve as Bitcoin and other assets gain wider acceptance.
Decrypt reached out to World Liberty Financial and Donald Trump Jr. for further comment but had not received a response by publication.
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