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Donald Trump Jr was grilled on CNBC as he was asked about his opinion on his father President Donald Trump having a memecoin ($TRUMP) in his name. Memecoins have no value and no expectation of financial return, though they are considered as cryptocurrency. The memecoin, according to one recent estimate, has generated more than $320 million for the president and business entities connected to him. "Is that OK -- for your dad to have a meme coin?" Donald Trump Jr was asked. The president's son said the memecoin was launched before Trump's second term began. Defending his family's crypto business, Don Jr said it started out of necessity when the Trump family was de-banked. There was a time … I could call any single banker in New York City, they’d pick up the phone, I’d be able to get a loan for whatever real estate project I was doing across the street,” he said. “Then we got into politics, and all of a sudden, they wouldn’t take your call. You couldn’t get financing...