Eric Trump, World Liberty co-founder, calls banks 'anti-American' over stablecoin fight

Eric Trump, co-founder of World Liberty Financial and son of the former president, strongly criticized major banks like JPMorgan Chase and Bank of America for lobbying to block Americans from earning higher yields on stablecoins in proposed crypto market structure legislation. Trump argued that banks are trying to protect their low-rate monopoly and prevent deposit flight by restricting stablecoin yields, which he noted are often 4-5% or more, labeling this effort as "anti-retail, anti-consumer, and straight-up anti-American." His father, Donald Trump, also attacked banks over the stablecoin yield issue in the Clarity Act, urging Congress to advance the bill, shortly after meeting with Coinbase CEO Brian Armstrong.

(Source：CoinDesk)