Eric Trump Says 'Big Banks' Doing Everything They Can To Stop Crypto Legislation For 'Obvious' Reasons: 'The Entire Financial System Is Changing'

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Eric Trump said large U.S. banks are actively resisting cryptocurrency authorities due to the fact that it threatens what helium described arsenic a long-standing monopoly implicit the fiscal system.

The lad of President Donald Trump and the co-founder of American Bitcoin Corp. (NASDAQ:ABTC) and World Liberty Financial (CRYPTO: WLFI) argued that bequest banks payment from inefficiencies built into accepted concern and person small inducement to enactment faster, technology-driven alternatives, portion speaking to Fox Business from Davos connected Thursday.

“The large banks person been an implicit monopoly of our fiscal strategy for years,” helium said, portion pointing to inefficiencies successful the existent system. “Why can’t you nonstop a ligament transportation past 5 o’clock connected a Friday afternoon?” helium asked.

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According to Trump, these delays and inefficiencies are intentional, “because the large banks would emotion to instrumentality hundreds of billions of dollars and person it beryllium determination and clip involvement disconnected of it implicit the people of a agelong weekend,” helium said.

Trump said modern integer alternatives marque it imaginable to determination wealth astir instantly, but the banks reason these changes due to the fact that they undermine the existent system. “They privation to beryllium capable to usage their money. They privation to beryllium capable to arbitrage your money,” helium said.

Such incentives, helium said, are prompting the “big banks” to bash everything they tin to halt the “crypto legislation” for “obvious” reasons. “The full fiscal strategy is changing.”

The full fiscal strategy is changing… https://t.co/dargAZlArx

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This comes arsenic the Senate Banking Committee has pushed the crypto marketplace operation measure further down the enactment to precocious February oregon March, after Coinbase Global Inc. (NASDAQ:COIN) withdrew its enactment owed to disagreements with the banking industry.

In September 2025, Trump had predicted an “unbelievable” fourth-quarter rally successful cryptocurrency markets amid rising M2 wealth proviso and quantitative easing by the Federal Reserve.

This, however, has failed to materialize, with Bitcoin (CRYPTO: BTC) prices dropping 19.8% since helium made this prediction. The upcoming marketplace operation measure is expected to crook the tide for the market, with investors and analysts viewing it arsenic a much-needed catalyst.