Corruption & Grift

Self-dealing, family enrichment schemes, pay-to-play, and shameless profiteering from public office.

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Eric Trump accused the U.S. banking industry of "fighting against the U.S." in the battle over ...

Eric Trump accused the U.S. banking industry of "fighting against the U.S." in the battle over ...

PANews reported on March 5th, citing CoinDesk, that Eric Trump, co-founder of World Liberty Financial and son of the US president, published an article on the X platform criticizing the banking industry's opposition to allowing stablecoin yields in crypto market structural legislation. He pointed out that large banks such as JPMorgan Chase, Bank of America, and Wells Fargo are lobbying heavily to prevent Americans from earning higher returns on their savings, while also attempting to block any rewards or benefits offered to customers. Eric Trump stated that banks pay depositors far less interest than the Federal Reserve pays them, with the difference being pocketed by banks as profit. Currently, banks are suppressing the 4%-5% or higher yields or rewards offered by crypto and stablecoin platforms.

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