Eric Trump, executive vice president of the Trump Organization, says that de-banking concerns make a strong case for cryptocurrency adoption.
In a new interview with Fox Business, the son of US President Donald Trump alleges that he is a victim of the “cancel culture” engaged in by US banks, including Capital One and JPMorgan Chase.
Asked which financial institutions de-banked him, the youngest son of US President Donald Trump says,
“Oh God, everybody. Capital One being the largest. I’ve sued them recently. Chase canceled us…
You can’t believe when you get those calls. And we have properties, commercial buildings, that literally have hundreds and hundreds of employees, thousands of people that work in those buildings every single day. They call you up saying in two weeks we’re going need you to shut down the bank account.”
Trump says he became a big supporter of crypto as a result of the alleged de-banking.
“These bank accounts are ecosystems, and they came after us viciously, because my father was in the White House and they wanted to punish us. It was legal lawfare. It was political lawfare. And that’s what opened my eyes.
I’m a hard asset guy. My entire life has been building hotels, golf courses, real estate buildings, commercial buildings, etc. That’s what I’ve done. If there’s anybody’s eyes who shouldn’t have been open to the world of cryptocurrency it was mine other than I realized the power that these banks had, and I realized how they were exerting that power, and they were canceling businesses all over our country. It was political. It was forced. They were targeting people that they didn’t like. It wasn’t fair. And then you realize that there’s not a single thing that those banks do that can’t be done better, cheaper, more efficiently, faster on blockchain.”
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