Eric Trump, executive vice president of The Trump Organization, said Wednesday that his personal experiences with being “debanked” drove him toward cryptocurrency. Speaking to Fox News, Trump alleged that Capital One “stripped 300 bank accounts” from him overnight and claimed his businesses were targeted as part of a broader campaign against conservatives. The Trump Organization sued Capital One earlier this year, alleging politically motivated closures of hundreds of Trump-linked accounts, which the bank denied. The president accused JPMorgan Chase and Bank of America of discriminating against him by rejecting large deposits, though JPMorgan denied political motives in its closures. The family has invested in American Bitcoin, USD1 stablecoin, and World Liberty Financial. Trump Media and Technology Group has also announced plans for a Bitcoin treasury. Trump Media shares closed 2.98% higher on Wednesday before rising 0.17% in after-hours trading, according to Benzinga Pro.
