In a recent interview with CNBC's Squawk Box, Donald Trump Jr. defended the $TRUMP meme coin amidst criticism from ethics watchdogs concerned about influence peddling. Host Joe Kernen challenged Don Jr. on the legitimacy of the coin, noting it generated over $320 million. Don Jr. explained their entry into cryptocurrency stemmed from difficulties in obtaining financing post-politics, highlighting systemic issues in banking. Co-host Andrew Ross Sorkin pointed to ethical dilemmas related to the coin, suggesting it could enable questionable financial activities linked to Trump's presidency.
Don Jr. noted that the coin was launched before Trump's second term began, but overall defended the family's foray into cryptocurrency. He emphasized their need for it amid financial obstacles.
Andrew Ross Sorkin pressed Don Jr. about the ethical issues generated by the coin, questioning its potential to allow for foreign adversaries to funnel money to the president.
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