Eric Trump says bank bans and boycott culture have prompted his family to continue investing in the crypto industry

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PANews
04-02
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PANews reported on April 2nd that according to The Block, Eric Trump, the second son of the US President, revealed in a Fox Business Channel exclusive interview that "autonomy, bank blockades, and cancel culture" are the three major factors driving his family's continued expansion in the crypto industry. Eric Trump said during a discussion on Tuesday about the "weaponization" of banks against the Trump family: "Every bank canceled our business without reason, just because of my father's political career. I never thought I would enter the cryptocurrency field before. They were ruthlessly targeting us. It was then that I realized the importance of cryptocurrency."

In addition to praising the censorship-resistant nature of cryptocurrency, Eric Trump also pointed out that this technology has made significant improvements compared to the contemporary financial system. He stated that cryptocurrency is "cheaper, faster, and more transparent". Everything banks can do, cryptocurrency can do better. Eric Trump specifically noted that stablecoins will help support the US dollar and fundamentally change the landscape of "finance and banking" in the coming decades.

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