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Eric Trump Pivots to Ethereum as Traditional Banks Freeze Trump Family Accounts

Eric Trump Pivots to Ethereum as Traditional Banks Freeze Trump Family Accounts

Author:
Coingape
Published:
2025-08-14 04:52:37
15
2

When legacy finance slams the door, crypto kicks it open. Eric Trump's move to Ethereum isn't just a headline—it's a middle finger to the banking establishment.

Banks vs. Blockchain: The Ultimate Showdown

Traditional institutions froze the Trump family out. Ethereum's permissionless network? No gatekeepers, no waiting rooms, no 'your application is under review.' Just gas fees and unstoppable transactions.

The DeFi Playbook

This isn't about political allegiances—it's about financial sovereignty. While Wall Street plays compliance bingo, smart contracts execute. No boardroom approvals needed.

A Cynic's Footnote

Of course, the same banks now freezing accounts would trip over themselves to offer 'institutional crypto custody services' if the price pumps another 200%. Hypocrisy smells better when it's minted.

Eric Trump Says U.S. Banks Closed Hundreds of Accounts, Turns to Crypto

Eric Trump reports that major U.S. banks—including Capital One, JPMorgan Chase, Bank of America, and First Republic—closed hundreds of Trump-linked accounts without warning in 2025. He cites these closures as the reason the Trump family turned to cryptocurrencies like ethereum for financial operations. The move has fueled debate over political motivations in banking, with Eric Trump now actively promoting crypto as an alternative financial solution.

|Square

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