TechFlow News, March 4: Eric Trump, son of Donald Trump, posted on social media this morning stating that “major banks”—longtime monopolists that harm customer interests—offer near-zero returns on retail money market accounts while charging high fees on low-balance accounts. These banks are now doing everything they can to prevent the cryptocurrency industry from offering real benefits, privileges, and rewards on their platforms.
Eric Trump said these banks are the biggest hypocrites and are in a state of panic because they know they are falling behind in the digital finance race. Traditional banking is attempting to block the crypto industry from delivering more valuable services to users.
Earlier, Politico reported that after meeting privately with Coinbase CEO on Tuesday, Trump criticized banks for obstructing cryptocurrency legislation.
