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Fintech At Consensus 2025 conference in Toronto, Eric Trump, co-founder of American Bitcoin and the son of U.S. President Donald Trump, delivered a passionate message about the growing divide between the Trump family and the banking sector. “There’s a famous saying that sometimes the enemy of your enemy is actually your best friend,” Trump told the audience, adding, “That was the Trumps with the crypto community. And I think the banks made the biggest mistake of their lives.” Trump’s involvement in cryptocurrency came after he faced significant pushback from major financial institutions due to his political stance. He shared his experience of being “canceled” by the banking industry, describing how it sparked his interest in cryptocurrency as a protective measure against financial gatekeeping. “So many of the banks have been weaponized, and I was case in point,” he said. “I was probably the most canceled person for doing absolutely nothing wrong, only because we had a political view that might not have been popular with some of the big financial institutions.” Alongside Trump on stage were the co-founders of World Liberty Financial (WLF), a company that recently launched the USD1 stablecoin, backed by the U.S. dollar. Trump, who also advises WLF, highlighted the coin’s growth, noting its impressive $2 billion market cap. The company also announced that USD1 is now operable across multiple blockchains via Chainlink’s Cross-Chain Interoperability Protocol (CCIP). Source Author Kosta Gushterov Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets. Related stories Next article Source:…

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Filed under: News - @ May 17, 2025 10:24 am