At a critical moment when the US dollar faces multiple pressures and its global reserve currency status is being challenged, Eric Trump believes that America can revitalize dollar dominance through the digital asset boom.

On September 18, Eric Trump stated that the digital asset boom would channel "trillions of dollars from weak currencies around the world" toward the United States.

This statement comes as the dollar has declined significantly this year, with Trump's trade policies and repeated attacks on the Federal Reserve undermining investor confidence in the global reserve currency.

Notably, Eric Trump's views align with his father's policy direction. Trump has promised to make America the world's "digital asset capital" and implement a lenient regulatory environment, pushing Bitcoin and other cryptocurrencies to record highs.

Eric Trump also described the family's digital asset business as the "ultimate revenge" against traditional financial institutions. The Trump family has extensive interests in the digital asset space, including Truth Social Bitcoin ETF, two MEME coins, and Bitcoin investment operations related to Trump Media & Technology Group.

**Digital Assets as Dollar Support Theory**

Eric Trump elaborated on the logic of how digital assets could support dollar status.

He stated that conducting Bitcoin mining in the United States and achieving financial independence through a "financial revolution originating in America" could "arguably save the dollar."

His core logic is that a crypto-friendly America would become a safe haven for global capital. When investors seek to move funds away from "unstable currencies," America's crypto market would provide an attractive option, indirectly supporting demand for dollar-denominated assets.

This viewpoint emerges against the backdrop of multiple pressures facing the dollar. US debt levels are expected to expand further due to Trump's signature tax legislation, intensifying market concerns about America's fiscal condition. Since taking office, Trump has consistently advocated for significant interest rate cuts, previously stating that "a weak dollar makes more money than a strong dollar."

Eric Trump believes that by attracting global capital flows into America's digital asset markets, new support can be provided for the dollar.

Notably, Eric Trump's views echo his father's policy direction. Trump has vowed to make America the world's "crypto capital" and encouraged a "light-touch" regulatory environment for digital assets. This stance has driven Bitcoin and other token prices to record highs.

**Challenge to Traditional Financial System**

The Trump family has extensive interests in the digital asset sector, including Truth Social Bitcoin ETF, two meme coins, and Bitcoin investment operations related to Trump Media & Technology Group.

Eric Trump co-founded World Liberty Financial Inc (WLFI) last year, a family-backed digital asset enterprise operating USD1, a stablecoin pegged to the dollar.

According to financial disclosure documents, Trump held 15.75 billion WLFI tokens at the end of 2024, worth over $3 billion at Wednesday's trading prices.

Eric Trump emphasized that he established multiple cryptocurrency-related companies without relying on help from America's top financial institutions. He called this the "ultimate revenge against big banks and modern finance," adding "you realize you don't need them at all, and frankly, you won't miss them."

These remarks came months before Trump Organization sued Capital One Bank, alleging it closed Trump's accounts in 2021 for political reasons, which the bank denied.

Banking industry executives worry that stablecoins—digital cash typically pegged one-to-one with the dollar—could drain funds from the traditional banking system if they offer better yields.

White House officials hope stablecoin issuers, including Tether and Circle, encouraged by Congress passing the first major digital asset regulatory bill in July, could step in to purchase a significant portion of the trillions of dollars in Treasury bonds issued annually by the government.