Eric Trump Warns Banks Must Adopt Crypto or Face Extinction

Eric Trump, executive vice president of the Trump Organization, issued a stark warning to traditional financial institutions during a CNBC interview. "The modern financial system is broken—it’s slow, expensive, and favors the ultra-wealthy," he declared. His disillusionment with legacy banking led him to cryptocurrency: "It forced me into the crypto world."

The outspoken executive delivered an ultimatum to banks: adapt or perish. "If banks don’t watch what’s coming, they’ll be extinct in 10 years." He singled out SWIFT as an "absolute disaster," contrasting it with blockchain’s potential to revolutionize cross-border transactions. While no specific cryptocurrencies were mentioned, the comments underscore growing institutional pressure for financial modernization.