Eric Trump, the son of US President Donald Trump and co-founder of American Bitcoin, has announced his commitment to the company’s stake.
Eric Trump said the big banks are trying to “run” the company and are turning their eyes to code in the process.
Having confirmed he owns about 7.5% of the company’s shares, Trump said he has no plans to sell for a long time.
“I’ve been locked up for a long time. Not just me, but the entire board of directors, I’m loyal to this company because they tried to destroy us.”
Eric Trump said he has received hundreds of letters from major banks, particularly giants such as Capital One, JPMorgan and Bank of America, as well as those seeking to close his financial accounts. Trump explained that the experience led him to cryptocurrency.
“Traditional finance tried to eliminate us. This process showed me that with crypto everything can be faster, cheaper and more transparent. It’s a great industry.”
Eric Trump said Trump’s organization has struggled to work with large banks in recent years and is exposed to the “banking” process.
*This is not investment advice.
