(29 Aug 2025)
RESTRICTION SUMMARY:
ASSOCIATED PRESS
Hong Kong – 29 August 2025
1. Pan of Eric Trump, U.S. businessman and son of U.S. President Donald Trump, walking on to stage with crowd in front
2. Wide of Eric Trump seated on stage
3. Various of crowd listening to Eric Trump speaking at conference
4. (SOUNDBITE) Eric Trump, U.S. businessman and son of U.S. President Donald Trump:
"Well listen, congratulations everybody in here. Because there’s no question that you have made an unbelievable mark on Bitcoin and cryptocurrencies. There’s no question that that that China is I mean a hell of a power when it comes to this world and doing it doing it well. "
5. Wide of Eric Trump on stage
6. (SOUNDBITE) Eric Trump, U.S. businessman and son of U.S. President Donald Trump
"Biden was totally incompetent. All of a sudden he’s changed the trajectory of America 180 degrees and he did so instantly. The second he got into office, he embraced the digital revolution because he understands that that’s the future of finance. And so we went from 0 to 100 instantaneously. I mean, I think in terms of America, I think we’ve made more progress in terms of digital assets in the last seven months under his presidency than we probably did in the ten previous years."
7. Various of Eric Trump on stage
ENDS
STORYLINE:
Eric Trump, the son of US President Donald Trump, on Friday praised China’s role as a key player in the cryptocurrency market, whilst hailing US progress in embracing the "digital revolution" under his father’s administration.
"The second he (Donald Trump) got into office, he embraced the digital revolution because he understands that that’s the future of finance. And so we went from 0 to 100 instantaneously," Eric Trump told a bitcoin conference in Hong Kong.
"I think in terms of America, I think we’ve made more progress in terms of digital assets in the last seven months under his presidency than we probably did in the ten previous years," he added.
Since taking office, the Trump administration has pushed for crypto-friendly regulations and laws, while the Trump family has aggressively sought to expand its crypto-related businesses.
That unprecedented dynamic has led to allegations of corruption from Democrats, though the president says he has entrusted the management of his business dealings to his sons.
AP video shot by Katie Tam
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