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Eric Trump Claims Major U.S. Banks Shut Down Hundreds of His Accounts, Shifts Focus to Cryptocurrency
In a recent FOX interview on August 14, Eric Trump revealed that several prominent U.S. financial institutions—including Capital One, JPMorgan Chase, Bank of America, and First Republic Bank—terminated hundreds of his accounts without providing any prior notification. The unexpected account closures prompted the Trump family member to explore cryptocurrency as an alternative financial avenue.
According to Eric Trump’s account, the abrupt action taken by these major banking institutions left him with limited options within the traditional financial system. The sweeping account terminations across multiple banks underscores growing tensions between financial institutions and politically connected individuals.
Facing restrictions from conventional banking channels, Eric Trump has now turned his attention toward cryptocurrency, viewing digital assets as a viable solution to circumvent the limitations imposed by traditional banks. This move highlights broader concerns about financial deplatforming and the role that decentralized finance could play in such scenarios.