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Eric Trump said major U.S. banks are actively resisting cryptocurrency legislation because it threatens what he described as a long-standing monopoly over the financial system.<\/p>\n
The son of President Donald Trump and the co-founder of American Bitcoin Corp. (NASDAQ:<\/a>ABTC<\/a>) and World Liberty Financial (CRYPTO: WLFI)<\/a> argued that legacy banks benefit from inefficiencies built into traditional finance and have little incentive to support faster, technology-driven alternatives, while speaking to Fox Business from Davos on Thursday.<\/p>\n \u201cThe big banks have been an absolute monopoly of our financial system for years,\u201d he said, while pointing to inefficiencies in the current system. \u201cWhy can\u2019t you send a wire transfer past 5 o\u2019clock on a Friday afternoon?\u201d he asked.<\/p>\n Don’t Miss:<\/p>\n According to Trump, these delays and inefficiencies are intentional, \u201cbecause the big banks would love to take hundreds of billions of dollars and have it sit there and clip interest off of it over the course of a long weekend,\u201d he said.<\/p>\n Trump said modern digital alternatives make it possible to move money nearly instantly, but the banks oppose these changes because they undermine the current system. \u201cThey want to be able to use their money. They want to be able to arbitrage your money,\u201d he said.<\/p>\n Such incentives, he said, are prompting the \u201cbig banks\u201d to do everything they can to stop the \u201ccrypto legislation\u201d for \u201cobvious\u201d reasons. \u201cThe entire financial system is changing.\u201d<\/p>\n The entire financial system is changing\u2026 https:\/\/t.co\/dargAZlArx<\/a><\/p>\n \u2014 Eric Trump (@EricTrump) January 22, 2026<\/a><\/p>\n See Also: Sam Altman Says AI Will Transform the Economy \u2014 This Platform Lets Investors Back Private Tech Early<\/a><\/p>\n This comes as the Senate Banking Committee has pushed the crypto market structure bill<\/a> further down the line to late February or March, after\u00a0Coinbase Global Inc.\u00a0(NASDAQ:<\/a>COIN<\/a>)\u00a0withdrew its support due to disagreements with the banking industry.<\/p>\n In September 2025, Trump had predicted an \u201cunbelievable\u201d fourth-quarter rally in cryptocurrency markets amid rising M2 money supply and quantitative easing by the Federal Reserve.<\/p>\n This, however, has failed to materialize, with Bitcoin (CRYPTO: <\/a>BTC<\/a>) prices dropping 19.8% since he made this prediction. The upcoming market structure bill is expected to turn the tide for the market, with investors and analysts viewing it as a much-needed catalyst.<\/p>\n The iShares Bitcoin Trust ETF (NASDAQ:<\/a>IBIT<\/a>), which tracks the prices of Bitcoin, was down 0.86% on Thursday, closing at $50.67 per share and is up 0.39% overnight. The fund has a poor Momentum score in Benzinga\u2019s Edge Stock Rankings, with an unfavorable price trend in the short, medium and long terms.<\/p>\n Photo Courtesy: Maxim Elramsisy On Shutterstock.com<\/p>\n Read Next:\u00a0<\/p>\n Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That’s why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, professional financial guidance, precious metals, and even self-directed retirement accounts. 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By offering tailored financial planning, Domain empowers users to make smarter, more confident decisions across investments, retirement, taxes, and overall wealth strategy.<\/p>\n Masterworks enables investors to diversify into blue-chip art, an alternative asset class with historically low correlation to stocks and bonds.<\/a> Through fractional ownership of museum-quality works by artists like Banksy, Basquiat, and Picasso, investors gain access without the high costs or complexities of owning art outright. With hundreds of offerings and strong historical exits on select works, Masterworks adds a scarce, globally traded asset to portfolios seeking long-term diversification.<\/p>\n BAM Capital offers accredited investors a way to diversify beyond public markets through institutional-grade multifamily real estate<\/a>. With over $1.85 billion in completed transactions and guidance from Senior Economic Advisor Tony Landa, the firm targets income and long-term growth as supply tightens and renter demand remains strong\u2014especially in Midwest markets. Its income-focused and growth-oriented funds provide exposure to real assets designed to be less tied to stock market volatility.<\/p>\n As digital assets become a larger part of diversified portfolios, traders increasingly look for platforms that offer transparency, efficiency, and control. Kraken Pro is an advanced trading interface from Kraken<\/a>, one of the world’s leading cryptocurrency exchanges, designed for users who want more sophisticated tools without added complexity. With low, volume-based fees, a streamlined interface for managing spot, margin, and futures trading, and a strong focus on security and regulatory compliance, Kraken Pro provides a way to gain diversified crypto exposure through a clear, professional-grade trading experience.<\/p>\n REX Shares designs specialized ETFs for investors who want more precision than traditional broad-market funds can offer.<\/a> Its lineup spans options-based income strategies, leveraged and inverse exposures, spot-linked crypto ETFs, and thematic funds tied to structural trends. By targeting specific income objectives, volatility profiles, or market themes, these ETFs can be used alongside core holdings to introduce differentiated return drivers and reduce reliance on a single market outcome, while maintaining the liquidity and transparency of the ETF structure.<\/p>\n This article Eric Trump Says ‘Big Banks’ Doing Everything They Can To Stop Crypto Legislation For ‘Obvious’ Reasons: ‘The Entire Financial System Is Changing’<\/a> originally appeared on Benzinga.com<\/a><\/p>\n \u00a9 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.<\/p>\n