Trump Family Shifts Focus to Cryptocurrency Amid Banking Criticism
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 18 2026
0mins
Source: CNBC
- Necessity of Cryptocurrency: The Trump family was compelled to enter the cryptocurrency space after traditional banks closed hundreds of their accounts, with Donald Trump Jr. stating this was out of 'necessity' rather than innovation, highlighting their dissatisfaction with the traditional financial system.
- Goal of Financial Modernization: Eric Trump mentioned their aim to 'modernize finance' to prevent similar 'debanking' incidents from occurring again, reflecting their urgent need for reform in the financial system.
- Criticism and Controversy: The family's crypto venture has faced criticism, particularly from Senator Warren, who questioned their dealings with the Abu Dhabi royal family, labeling it as corruption and suggesting potential conflicts of interest, illustrating the complex relationship between politics and business.
- Democratization of Stablecoins: Donald Trump Jr. emphasized that stablecoins from World Liberty Financial can 'democratize' financial transactions, enabling those without traditional banking connections to secure loans, indicating their desire to improve financial accessibility through new technologies.
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Analyst Views on GS
Wall Street analysts forecast GS stock price to fall
12 Analyst Rating
5 Buy
7 Hold
0 Sell
Moderate Buy
Current: 1035.640
Low
604.00
Averages
951.45
High
1100
Current: 1035.640
Low
604.00
Averages
951.45
High
1100
About GS
The Goldman Sachs Group, Inc. is a global financial institution that delivers a range of financial services to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Its segments include Global Banking & Markets, Asset & Wealth Management and Platform Solutions. The Global Banking & Markets segment offers a range of services, including financing, advisory services, risk distribution, and hedging for its institutional and corporate clients. It facilitates client transactions and makes markets in fixed income, equity, currency and commodity products. The Asset & Wealth Management segment manages assets and offers investment products across all asset classes to a diverse set of clients. It also provides investing and wealth advisory solutions. The Platform Solutions segment includes consumer platforms, such as partnerships offering credit cards and point-of-sale financing, and transaction banking and other platform businesses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Capital Expenditure Expectations: SpaceX's capital spending is projected to reach $360 billion by 2030 and rise to $732 billion by 2031, which will exert substantial pressure on the company's cash flow, likely forcing it to rely on capital markets for financing in the coming years.
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See More
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