‘The Entire Financial System Is Changing’
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Eric Trump said major U.S. banks are actively resisting cryptocurrency legislation because it threatens what he described as a long-standing monopoly over the financial system.
The son of President Donald Trump and the co-founder of American Bitcoin Corp. (NASDAQ:ABTC) and World Liberty Financial (CRYPTO: WLFI) argued that legacy banks benefit from inefficiencies built into traditional finance and have little incentive to support faster, technology-driven alternatives, while speaking to Fox Business from Davos on Thursday.
“The big banks have been an absolute monopoly of our financial system for years,” he said, while…
