Eric Trump accuses major US banks of fighting against crypto
Eric Trump, son of former US President Donald Trump, claimed that the largest banks in the country are trying to block the profitability of stablecoins. According to him, banks like JPMorgan Chase, Bank of America, and Wells Fargo pay depositors only 0.01–0.05% annually, while they themselves earn over 4% from the Federal Reserve.
Eric Trump alleges that these banks spend millions on lobbying to restrict crypto platforms that offer 4–5% returns on stablecoins. He believes this is done to maintain the banks’ monopoly on low interest rates and prevent deposits from flowing into the crypto industry.
This statement highlights growing tensions between traditional banks and the crypto sector and may indicate intensified regulatory and market battles in this area in the near future.
