Eric Trump has a blunt response to JP Morgan
On May 16, Eric Trump offered a critique of JPMorgan Chase, questioning the extent to which a “traditional” bank is relevant in today’s digital world and arguing that blockchain technology is a far superior product.
Eric’s remarks came just hours after JPMorgan CEO Jamie Dimon discussed potential recessionary risks and growing global uncertainty in a Bloomberg interview.
“So why do these banks even need to exist?” Trump said, during an appearance on CNBC. “What is it that JPMorgan Chase does that DeFi and blockchain can’t do better, cheaper, more efficiently, more transparently?”
Trump referenced frustrations with old banking platforms like SWIFT and praised the digital currencies backed by the U.S. Treasury for allowing…
