Crypto’s Big Win: Eric Trump Says Banks Are Doomed

Eric Trump slams banks at Token2049, predicts crypto takeover with USD1 stablecoin leading a $2B Binance deal!

May 2, 2025 - 01:15

Crypto’s Big Win: Eric Trump Says Banks Are Doomed!

At Token2049 in Dubai on May 1, 2025, Eric Trump, executive vice president of The Trump Organization, declared the modern financial system “absolutely broken.” Speaking alongside Tron’s Justin Sun and World Liberty Financial’s Zach Witkoff, he criticized banks for slow processes, like 90-day loan approvals, and limited hours. “It’s a joke—banks run 9-to-5 with a lunch break,” he said, highlighting crypto’s 24/7 accessibility.

Trump announced that World Liberty Financial’s USD1 stablecoin, launched in March 2025, will power a $2 billion investment by Abu Dhabi’s MGX into Binance, the world’s largest crypto exchange. This move, integrating USD1 with Tron’s ecosystem, signals crypto’s growing role in mainstream finance. He argued that crypto’s speed and innovation—unlike the “antiquated” SWIFT system—will leave banks “in the dust.”

For new investors, this is a wake-up call. Crypto’s rise could boost assets like USD1, especially with high-profile deals. However, risks remain. Trump’s ties to USD1 raise conflict-of-interest concerns, and meme coins like $TRUMP have seen wild swings, with ethical questions lingering. Still, the UAE’s crypto-friendly stance makes it a hotspot for such ventures, unlike Europe’s stricter rules.

Trump’s vision sees crypto empowering anyone with a phone to access finance, bypassing banks. Will this reshape the economy? It’s a bold bet, but the momentum is real.

Do you think crypto will outpace banks? Share your thoughts and stay tuned for more crypto news!

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