Eric Trump, Son of Former President, Criticizes Major Banks as 'Un-American' Over Stablecoin Regulation

Eric Trump Criticizes Major Banks' Lobbying Efforts

On the 5th, Eric Trump, son of former President Trump, posted on his X account criticizing major banks such as JPMorgan Chase, Bank of America, and Wells Fargo for their lobbying efforts aimed at tightening regulations on stablecoins and cryptocurrency platforms.

Mr. Trump pointed out that while these major banks offer extremely low interest rates of about 0.01% to 0.05% on regular deposits, the Federal Reserve Board (FRB)...