A Pathetic Excuse for a Son

In a major upset, Eric Trump is right about one thing.

Hey, Pocahontas…FYI: the President doesn’t own a bitcoin mining company. Thank you for your attention to this matter. https://t.co/kH8p0yaEFd

— Eric Trump (@EricTrump) July 9, 2025

Elizabeth Warren remarks

Nobody wants weak crypto rules more than the President of the United States. A majority of President Tump's wealth, as much as seven billion dollars worth, is now based in crypto from issuing some stablecoins to issuing his own meme coin to owning a bitcoin mining company and to controlling a huge portfolio of crypto investment.

In March, President Trump's sons Eric and Don Jr. founded American Bitcoin when it merged it with crypto miner Hut 8, of which it is a majority-owned subsidiary. It has announced plans to go public with a reverse merger later this year with Gryphon Digital Mining.

But the rest is accurate. Even before taking office for a second time, Donald Trump had accumulated wealth of approximately seven billion dollars. And now

.

The 47th president has his own memecoin, which has a market capitalization of more than $1.7 billion. And then there’s World Liberty Financial, a sprawling crypto project that includes a yet-to-be-released app for decentralized finance—a term for banking services like lending and borrowing conducted on a blockchain.

Moreover, World Liberty Financial has its own stablecoin, or cryptocurrency pegged to stable assets like the U.S. dollar. Its market capitalization is now $2.2 billion.

And as if to remind us that he's a wholly-owned subsidiary of Donald Trump, Eric Trump has concluded his tweet with "Thank you for your attention to this matter," which his father has been doing since late June.

And of course, "Pocahontas."  When Donald Trump tried to call Elizabeth Warren's bluff by calling her "Pocahontas," she rose to the occasion and took the test. That proved to be a strategic error as it angered tribal groups and the last thing a Democratic politician ever wants to do is to hurt someone's feelings. It did expose Donald Trump as a bigot, which any sentient being already knew he was. With repetition of the slur, Eric has demonstrated that the validity of the old cliches that the apple does not fall far from the tree and like father, like son.

Democrats could call President Trump a name, if they ever could agree upon one. Unfortunately, the public might not have a problem if their President were labeled "Vladimir." And if the slur "Adolph" were applied publicly to Donald Trump, he might be flattered and not be so gracious as to laud them for their insight.

Share |