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Trump's son praises Crypto Assets, stating that it weakens the control of big banks.
[Coin World] On August 14 (UTC+8), Eric Trump stated in an interview with Fox News that "many crypto assets practitioners are also restricted by banks like Trump." He mentioned that a bank he had collaborated with for more than 20 years suddenly closed a total of 300 bank accounts associated with his golf courses, apartments, and hotels overnight, and similar situations have even occurred with large banks such as JPMorgan, Bank of America, and First Republic Bank. He pointed out that this financial system's restriction of services is not only targeting the Trump family but is happening among conservative groups across the United States, which is why he began to venture into the encryption field before his father's election, believing that crypto assets have become one of the fastest-growing industries globally. At the same time, the development of this industry has also weakened the control that large banks have over the public. He affirmed the correctness of his entry into the encryption field and felt proud of it.