Eric Trump's claim that major US banks closed hundreds of his accounts without warning has raised concerns about banking practices. Banks like Bank of America and JPMorgan allegedly shut down accounts due to suspicious behavior or other concerns. In some cases, banks are required to submit Suspicious Activity Reports (SARs) to law enforcement, but only 4% of these reports result in follow-up action.

It's worth noting that banks have been scrutinized for their account closure policies. Republican attorneys general in 19 states accused JPMorgan of discriminating against clients and closing bank accounts without warning based on religious and political biases.

Trump's decision to turn to crypto might be seen as a response to these banking practices. Crypto-friendly banks do exist, offering services tailored to cryptocurrency users. If you're interested in exploring crypto banking options, consider researching banks that prioritize cryptocurrency support.

*Crypto-Friendly Banking Considerations:*

- *Research banks*: Look for banks that explicitly support cryptocurrency transactions and users.

- *Understand fees*: Be aware of potential fees associated with crypto transactions and account management.

- *Security measures*: Ensure the bank has robust security measures in place to protect your assets.

In the context of Trump's situation, the relationship between banks and cryptocurrency is complex. While some banks are embracing crypto, others are more cautious. As the financial landscape evolves, it's essential to stay informed about banking practices and cryptocurrency regulations ¹ ².