Trump Son Echoes President's Anti-Bank Message amid Stablecoin Yield Fight

Eric Trump, a co-founder of the family-backed crypto firm World Liberty Financial, posted on X tagging the company and echoed his father’s claim that banks were “desperately targeting” cryptocurrencies and stablecoins. The post came hours after the president said banks were holding the market structure bill “hostage.” The debate over stablecoin yield has split lawmakers, banking groups and crypto companies and has stalled the market structure legislation.

Opponents of a ban say it would “block any rewards or perks from being given to customers,” while some banking organizations warn such rewards could undermine credit and lead to deposit flight risk. A company representative said World Liberty Financial “is not a political organization” and that Eric Trump “has been clear about why he helped create” the firm.

After three meetings between White House, banking and crypto representatives, the bill—called the CLARITY Act when it passed the House—remains delayed.

United States, Washington, D.C.

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