Eric Trump Says ‘Weaponized’ Banks Pushed Him to Embrace Bitcoin Adoption
Yahoo Finance·2025-09-17 19:59
Eric Trump, an executive at the Trump Organization and co-founder of American Bitcoin, said that actions by large financial institutions to close his family’s bank accounts were a primary motivation for his entry into the crypto industry. In a Sept. 17 interview with Bloomberg, Trump stated that firms including JPMorgan Chase and Bank of America sent letters terminating banking services for various family-managed properties. He claimed the actions were politically motivated and served as a catalyst for hi ...