The executive vice president of the Trump Organization, Eric Trump, warned that if banks would not change the way they operate, they would lose ten years. He made comments while also criticizing the modern financial system that was damaged, slow, and expensive.
Eric Trump acknowledged that the current banking system favors ultra-resources. He added that what got him in cryptocurrencies was when he realized that the banking system was “Weapons” against most people in the US
Eric Trump warned that be banks of extinction unless they could change their operations
Eric Trump: If not watching banks what is to come, they will be lost in ten years
– TifaniesWets (@tifanieswets) April 30, 2025
Eric Trump warned financial institutions to change the way they operate or disappear. He also accused the modern financial system that was damaged, slow, and expensive.
The executive vice president of the Trump Organization Argued That nothing can be done with the blockchain that cannot be done better than the way current financial institutions work. He defined Swift, the Global International Messaging Network for financial transactions, and called it “A completely disaster.”
“And I'm telling you. If banks don't watch what's coming up, they'll be gone for 10 years.”
~ Eric Trump, the Executive Vice President of the Trump Organization.
The President's son mentioned that banks have a weapon against the people “That has no zeros on their balance sheet.” He also said he was forced into the crypto world because banks were weapons against people “Who wore a red hat that said to make America again.”
In an interview with Dubai, while discussing the development of the United Arab Emirates as a crypto hub, Donald Trump's second son said the traditional banking system was “Antiquated,” It is described as slow and ineffective. He has often visited the UAE in recent years as the country and greater Gulf region have become a global hub for digital currencies.
Eric Trump's statements preceded the president's planned visit to the Gulf region from May 13 to 16, where he was expected to stop at the UAE, Saudi Arabia, and Qatar. Trump's organization and the White House administration praised their relationships with the Arab Gulf leaders, praising what they see as major growth markets with pro-business policies.
Trump's family champions are digital assets
Eric Trump's statements came as the banking sector was trying to navigate the growing crypto ecosystem, which was decentralized financial and eliminated the need for traditional financial mediators. Defi platforms allow peer-to-peer transactions with competitive or zero transaction processing and account fees, which has become a source of income for traditional banks.
Trump's second child noted that anyone can open a cryptocurrency defi app and immediately send money, purse purse, at no cost and difference -the banks. Financial institutions such as JP Morgan and Goldman Sachs have established blockchain networks and digital asset trading tables in response to the growing popularity of crypto.
In December, an American businessman predicts that Bitcoin will reach $ 1 million while attending a Bitcoin Mena 2024 conference in Abu Dhabi. The president's tariffs in countries around the world also stake in crypto markets and have caused high volatility amid a sale of risk properties. The BTC exchanged hands at $ 95,357 late Tuesday.
Donald Trump's administration swore to champion the cryptoand the President signed An Executive Order on March 6 to establish a strategic bitcoin reserve and a US digital asset stockpile. He also stated that if the crypto defines the future, “I wanted to be mine, minted, and made in the US”
President and his wife Melania, also launched their own meme coins, Trump and Melania, who put concerns from ethical experts about potential conflicts of interest. The Trump family also launched the Crypto Platform World Liberty Financial platform, founded by the real estate billionaire and the current White House Middle East Envoy Steve Witkoff.
Eric Trump and his older brother Donald Trump Jr., recently revealed plans to establish a US dollar supported by Stablecoin through the World Liberty Financial. In March, they also launched a new Bitcoin mining company called American Bitcoin, founded by Hut 8 CEO Asher Genoot.
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