Eric Trump Claims Banks Made Major Mistake Regarding Crypto Community
At the Consensus event in Toronto, Eric Trump emphasized a bond between the Trump family and the crypto community. He criticized banks for their treatment of him, claiming it fueled his interest in cryptocurrencies as a safeguard against financial exclusion.
Key points include:
- Eric Trump is co-founder of American Bitcoin and adviser to World Liberty Financial (WLF).
- WLF launched USD1, a U.S. dollar-backed stablecoin with a market cap of $2 billion.
- USD1 operates across multiple blockchains via Chainlink’s Cross-Chain Interoperability Protocol.
- Trump described USD1 as a tool for financial freedom in unstable regions.
- WLF's legal team addressed scrutiny from U.S. Senator Richard Blumenthal regarding Trump-affiliated entities.