EricTrump: Large Banks Hinder Crypto Innovation and Lag Behind in Digital Finance Competition

Odaily News Eric Trump, son of former President Trump, posted on the X platform, stating that some large banks are obstructing the crypto industry from offering related benefits and reward mechanisms on their platforms. He claimed that these institutions offer low returns and charge high fees to retail investors in traditional financial businesses, while simultaneously imposing restrictions on crypto operations.

Eric Trump stated that the relevant institutions are facing competitive pressure from the digital finance sector.