The son of Donald Trump said that in early 2021, after trying to storm the Capitol, several financial institutions at once refused to work with the Trump Organization Foundation, closing hundreds of accounts. Trump Jr. called this “collective solution” politically motivated and showing how “weak and aggressive” the banking system became. Trump Organization filed a lawsuit against the Capital One Bank, which refused the fund for maintenance. The financial institution denied the presence of any political motives.
Trump’s family tried to transfer millions of dollars into small banks, and after a long search, she found a bank that agreed to cooperate. Eric Trump did not voice his name.
“Then I understood how fragile the financial system became and how easily it can be used against objectionable people. Banks began to discriminate against customers on political beliefs. It was this experience that opened our way to the cryptocurrency business, ”Eric Trump assured.
In September 2024, shortly before the presidential election, the Trump family launched a decentralized credit cryptopot platform of the World Liberty Financial. Later, the company introduced the WLFI token, as well as the USD1 stabelcoin tied to the American dollar. In January, family memcoirs of Trumps appeared: Trump and Melania. Eric Trump assured that what was happening in no way connected with his father’s work and accusations of conflict of interests are groundless.
Recently, the public crypto company ALT5 Sigma purchased WLFI tokens by $ 1.5 billion and included Eric Trump in the board of directors. He also became a co -founder of the American Bitcoin mining startup, created as a result of a transaction with HUT 8. The son of Trump owns 9.3% of this company.
Last year, Ripple Director General of Brad Garlinghouse also complained that a large bank, whose services he used for about 25 years, blocked his account. Recently, the developer of the Cryptomixer Tornado Cash Roman Storm said that Gusto stopped serving him due to the accusations of the US Ministry of Justice of promoting money through cryptocurrencies.
Source: Bits
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