Eric Trump: Debanked Financial System Fueled Support for Crypto

Eric Trump, son of former President Donald Trump, claims his family’s embrace of cryptocurrency stems from a significant financial disruption in 2021 after several major banks abruptly shut down their accounts linked to the Trump Organization. Speaking to The Wall Street Journal, Eric Trump described this experience as ‘weaponization’ against him and his family, emphasizing the fragility of the financial system. This move forced them to rely on smaller regional banks before securing a new partner. He believes this event reinforced his view that cryptocurrency is vital for protection against censorship in finance.