Here is the full post published by Eric Trump on March 3 at 11:30 PM GMT: “The ‘Big Banks’—the very institutions that have held a monopoly and screwed their customers for years, offering near-zero yields on retail Money Market Accounts while crushing low-balance accounts with exorbitant fees—are now doing everything they can to block the Crypto industry from offering real benefits, perks, and rewards on their platforms. They are the greatest hypocrites and are in mass panic given they know they are losing the digital finance race! @worldlibertyfi” This post, which quickly gathered over 900,000 views and 25,000 likes within hours, came at the same time his father, President Donald Trump, posted a similar message on Truth Social: he demanded that banks negotiate with the crypto industry and stop blocking the Clarity Act, the major legislation on the structure of the digital asset market. Criticisms dating back to January 2026 This is not the first time Eric Trump has targeted the banks. As early as January 23, 2026, during a Fox Business interview from Davos, he explained the mechanism in detail:
“The major banks have held an absolute monopoly over our financial system for years.” “Why can’t you send a wire transfer after 5 PM on a Friday? Because the big banks love taking hundreds of billions of dollars and letting it sit so they can earn interest over the weekend.” “They want to be able to use your money. They want to arbitrage your money.”
He concluded: “For these obvious reasons, the big banks are doing everything they can to stop crypto legislation. The entire financial system is changing.” Why are banks resisting so fiercely? Eric Trump points to the core issue: yields and rewards. Traditional banks offer savings accounts with 0.01% interest or almost nothing, while charging high fees. In contrast, crypto platforms (stablecoins, DeFi, projects like World Liberty Financial) provide attractive yields, near-instant transactions, and perks that banks cannot match without destroying their own business model. JPMorgan CEO Jamie Dimon even stated on March 3 that “if you offer rewards on stablecoins, it’s like paying interest: you’re a bank.” Banks are therefore demanding that banking rules apply to crypto, which is stalling bills in the Senate. The family and political context: Trump vs. Wall Street President Donald Trump has been unequivocal: “Banks are making record profits and we will not let them sabotage our powerful crypto agenda… We need to get the Clarity Act done.” He urged Wall Street to “make a good deal” with the crypto industry. Eric Trump is not just a commentator: he is a co-founder of World Liberty Financial (WLFI) and American Bitcoin Corp. (ABTC, listed on NASDAQ). His company has already accumulated over 6,200 BTC and ranks among the top 17 public Bitcoin holders worldwide. His interest is therefore both personal and strategic. What are the implications for the market? This open war between traditional banks and crypto comes as:
The Clarity Act (crypto market structure bill) remains stalled in the Senate Banking Committee. Discussions on stablecoins and yields are deadlocked. The iShares Bitcoin ETF (IBIT) dropped more than 1% on the very day of the post.
For Eric Trump and his father, this is a fight for innovation: crypto enables transfers in seconds at near-zero cost, compared to days and high fees in the traditional banking system. Conclusion: The end of a monopoly? Eric Trump sums it up perfectly: the major banks are “in mass panic” because they know they are losing the race to the future of finance. With a White House openly pro-crypto and projects like World Liberty Financial advancing rapidly, 2026 could mark the turning point where traditional finance is forced to adapt… or retreat. Eric Trump’s statements are not just words: they reflect a real battle for control of tomorrow’s money. Do banks still have the means to block the inevitable? The future—and especially the vote on the Clarity Act—will tell us very soon.