- Eric Trump reveals he holds SUI alongside other top cryptocurrencies.
- Trump’s SUI ownership surprised many crypto community members.
- The pro-crypto personality criticized the SEC for mismanaging crypto regulation.
Eric Trump, the pro-crypto son of the incoming President of the United States, has revealed that SUI is one of the cryptocurrencies he holds. In a recent interview, Eric noted that he holds four cryptocurrencies in his portfolio, including Bitcoin, Ethereum, Solana, and SUI. While The other three cryptos are more household names, Eric’s SUI ownership surprised many crypto community members.
Meanwhile, Eric, who serves as the Trump organization’s vice president, discussed plans to work with his father to make America a global hub for cryptocurrencies. His Bitcoin ownership did not surprise most crypto community members, considering his bullish sentiment for the pioneer cryptocurrency over time.
Eric’s enthusiasm for Bitcoin is evident from his bold prediction during the Bitcoin MENA Conference in Abu Dhabi last year, where he forecasted Bitcoin’s price reaching $1 million. This sentiment aligns with the pro-Bitcoin stance of his father, the incoming President, who plans to establish a national Bitcoin reserve to solidify America’s dominance in the cryptocurrency space.
Related: Donald Trump Envisions America Becoming the World’s Crypto Capital
Criticism of SEC’s Approach to Crypto Regulation
Besides disclosing his crypto holdings, Eric Trump criticized the SEC’s activities under Gary Gensler, stating that the Commission launched a “holy war” against the cryptocurrency sector with the support of President Joe Biden. Many crypto supporters agree with Eric’s position on the SEC and Gensler, with U.S. Congressman Michael John Flood recently noting that the SEC, under Gensler, carried out poor crypto regulation that regressed the nation’s technological innovation by 20 years.
Despite his criticism of the SEC and the setback in the crypto sector, Eric remains confident of his father’s ability to overhaul the crypto industry and set America on the right technological path. The Trump organization’s vice president noted that his father will make amends and fix the damage the outgoing administration has inflicted on the crypto industry. Eric said his father plans to make America the crypto capital of the world through a transparent process.
Related: Trump’s Bitcoin Plans Could Make U.S. a Global Crypto Leader
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