In a WSJ interview, Eric Trump revealed banks "forced" his family into crypto after Jan. 6, 2021,
closing hundreds of Trump Organization accounts without reason—leaving them
"debanked" and scrambling across regional banks. "I realized how fragile the financial
system was and how easily it could be weaponized," he said, calling it political.
As executive VP, Eric grew sympathetic during his father's 2024 campaign, learning crypto firms face similar banking woes.
He likened it to "Operation Chokepoint 2.0," where the prior admin allegedly used financial exclusion against firms.
The Trump admin aims to end this: In Dec. 2024, SEC's Hester Peirce urged stopping "chokepoint" regs;
the SEC halted "regulation by enforcement," formed a Crypto Task Force, and launched Project Crypto for updated laws.
Earlier this month, Trump signed an EO barring banks from denying services over political/religious views and probing unfair practices.
Critics slam Trump ventures like World Liberty Financial's USD1 stablecoin and $TRUMP memecoin as corruption risks.
But Eric calls memecoins a "gateway": "Buy $TRUMP, and you access BTC, ETH, USD1, and the USD."
He touted RWA tokenization: "Why not tokenize Trump Tower for billions worldwide?
They love NY, Fifth Ave, Trump."#CryptoRally #Stablecoins $BTC $ETH $TRUMP $WLFI
