- Eric Trump warned that banks refusing to adopt crypto could disappear within 10 years.
- He criticized the traditional banking system as outdated, slow, and unfair to everyday Americans.
- The Trump family is backing crypto through initiatives like World Liberty Financial, aligning with a pro-crypto White House agenda.
Eric Trump isn’t sugarcoating it — he says banks that refuse to get on board with crypto are basically signing their own death certificates. In a recent interview with CNBC, the son of President Donald Trump warned that any bank rejecting digital assets could be extinct in the next 10 years.
He called the current banking system “broken, slow, and expensive,” and said that institutions clinging to outdated models are setting themselves up to fail. And this wasn’t just off-the-cuff commentary — it ties directly into the Trump family’s broader push into decentralized finance.
Since early this year, the Trumps have launched their own DeFi initiative, World Liberty Financial, a project that lines up neatly with their pro-crypto stance.
Crypto-Friendly White House Is Shifting the Tide
With Donald Trump back in the Oval Office, the U.S. has seen its first openly pro-crypto administration. The SEC, under this administration, has been actively loosening up, pivoting toward policies that support the digital asset space — not stifle it.
According to Eric, his father’s approach is part of a bigger overhaul meant to modernize finance in America. And the entire Trump brand — family and business — seems fully committed to that shift.
Traditional Finance? Outdated and “Weaponized”
Eric didn’t stop at general criticisms — he went directly after SWIFT, the international payments network used by banks across the world. He called it an “absolute disaster,” adding that the traditional financial system has been weaponized against everyday Americans.
In his view, these systems work for the “ultra wealthy” and keep everyone else stuck behind a wall of fees, delays, and red tape. Cryptocurrencies, on the other hand, level the playing field. They’re borderless, fast, and — if used right — can open financial doors that the old system has kept locked for decades.
So, the message was pretty clear: evolve or vanish. Eric Trump believes the future is digital, and for banks? There might not be much of a future at all unless they adapt.
