Eric Trump, co-founder and Chief Strategy Officer of American Bitcoin Corp. (NASDAQ:ABTC), on Tuesday blasted “Big Banks” as “the greatest hypocrites,” arguing that traditional finance is “in mass panic” because it is losing ground to cryptocurrency as the White House tries to break a banking-crypto stalemate that has slowed major digital-asset legislation in the Senate.
Eric Trump Accuses Banks Of Blocking Rewards
In an X post, Eric Trump, also the co-founder of World Liberty Financial (CRYPTO: WLFI), said banks were “the very institutions that have held a monopoly” and fleeced customers for years, “offering near-zero yields on retail Money Market Accounts while crushing low-balance accounts with exorbitant fees.” He added that those firms were “doing everything they can to block the Crypto industry from offering real benefits, perks, and rewards on their platforms.”