PANews reported on April 2 that according to The Block, Eric Trump, the second son of the US President, revealed in an exclusive interview with Fox Business Channel that it was the three factors of "autonomy, bank bans and boycott culture" that drove his family to continue to increase its investment in the crypto industry. Eric Trump said on Tuesday when discussing the "weaponization" of the Trump family by banks: "I never thought I would get involved in the cryptocurrency field until every bank cancelled their business with us for no reason, just because my father went into politics. They targeted us viciously. It was not until then that I realized the importance of cryptocurrency."
In addition to praising the censorship-resistant nature of cryptocurrencies, Eric Trump also pointed out that the technology is a huge improvement over the contemporary financial system. He said that cryptocurrencies are "cheaper, faster, and more transparent." "Everything" that banks can do, cryptocurrencies can do better. Eric Trump specifically pointed out that stablecoins will help support the US dollar while fundamentally changing the face of "finance and banking" in the coming decades.
