Originally published on: December 10, 2024
During a recent interview with CNBC, Eric Trump shared his belief that the days of traditional global banking systems are numbered as crypto and blockchain technologies continue to advance. The American businessman and son of Donald Trump emphasized that blockchain technology has the potential to outperform modern banking systems in terms of efficiency and speed.
Trump highlighted the lengthy process of obtaining a home loan in America, stating that it often takes 90 days, causing individuals to miss out on opportunities. He compared this to crypto lending, which has fewer restrictions and can provide faster financial solutions.
With countries around the world embracing cryptocurrency, Trump urged the United States to take a leading role in regulating the industry to avoid falling behind. He expressed optimism about the potential for transparent and practical regulations that could benefit the US economy.
As the co-founder of the decentralized finance platform World Liberty Financial, Trump emphasized the need for innovation and less governmental interference in business operations. He also hinted at Elon Musk’s potential role in shaping policies in the new administration, focusing on fostering innovation and removing barriers to economic growth.
With the rise of crypto-friendly lawmakers and the expectation of a supportive regulatory environment in the US, the future of blockchain and cryptocurrency looks promising. Trump’s vision for America as a crypto superpower reflects the growing influence of digital assets in the financial sector.
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