Marking his presence on the second and final day of TOKEN2049 Dubai, Eric Trump, executive VP of The Trump Organization—and son of U.S. President Donald Trump, didn’t mince his words, when it came to his disappointment with traditional banking system.
Eric took the stage with Tron’s Justin Sun and World Liberty Financial’s Zach Witkoff to back crypto with full force. Slamming traditional banks, Trump predicted a major shake-up in global finance, calling crypto the future.
“Our system is broken. Modern finance is absolutely broken,” Eric declared.
He pointed to what he described as unfair treatment of the Trump family by large financial institutions over recent years, saying that big banks have targeted both political and crypto-aligned individuals. “Nothing would make me so happy to see them fall to the very people they came after.”
Trump argued that banks are becoming outdated, unable to compete with the speed and innovation happening in the crypto sector. “The crypto world is going to take over the big banks. I think it’s going to leave them in the dust,” he said.
He compared traditional banks to outdated technology like old cameras and film, warning that without innovation, they are on the path to extinction.
He also took a shot at banking hours, calling them “a joke.” “Why do banks still run 9-5 Monday through Friday with an hour and a half lunch break? The old financial system is broken,” he said.
Praising crypto for offering financial freedom, Trump highlighted its accessibility: “Crypto brings an even-playing field to the world. You’re no longer at the mercy of a government or a currency you may no longer trust. Anyone with a phone can access finance.”
While praising the UAE for its openness to innovation, Trump criticized Europe for being resistant to business opportunities. “America is 1,000% times better than Europe,” he concluded.
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