🚨 Eric Trump Slams Big Banks Over Savings Yields
Eric Trump took to X accusing major U.S. banks of lobbying to block Americans from earning higher yields through crypto and stablecoins.
He claims banks pay savers just 0.01%–0.05% APY while earning 4%+ from the Fed, keeping the spread as profit. Now, as crypto platforms offer 4–5%+ yields, banking groups are reportedly pushing legislation like the Clarity Act to restrict those rewards citing “stability” and “fairness.”
His message: this isn’t about stability it’s about protecting bank profits and stopping deposit flight.
The battle between traditional banks and crypto over your yield is officially heating up.
Eric Trump took to X accusing major U.S. banks of lobbying to block Americans from earning higher yields through crypto and stablecoins.
He claims banks pay savers just 0.01%–0.05% APY while earning 4%+ from the Fed, keeping the spread as profit. Now, as crypto platforms offer 4–5%+ yields, banking groups are reportedly pushing legislation like the Clarity Act to restrict those rewards citing “stability” and “fairness.”
His message: this isn’t about stability it’s about protecting bank profits and stopping deposit flight.
The battle between traditional banks and crypto over your yield is officially heating up.