Bank Closures Pushed Trump Family Toward Cryptocurrency

Eric Trump: Bank Closures Pushed Trump Family Toward Cryptocurrency

Written by Aaron S.,

Editor-In-Chief

Last Updated: August 25, 2025

Key Takeaways

Eric Trump said major banks closed Trump Organization accounts after the Capitol events, which pushed the family toward crypto;
He claimed the Biden administration pressured banks to limit crypto access, similar to how his family was treated;
The Trump Organization later sued Capital One, and Eric backed asset tokenization as a way to open real estate to global investors.

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Eric Trump has linked his family’s interest in cryptocurrency to banking troubles that began after the Capitol events in early 2021.

According to a report by The Wall Street Journal on August 24, many banks suddenly closed accounts tied to the Trump Organization without offering any explanation.

The company was forced to rely on smaller banks before eventually shifting to a new one.

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Eric told The Wall Street Journal:

At that time, I realized how fragile the financial system was and how easily it could be weaponized against you.

Additionally, Eric noted that industry insiders warned him that the Biden administration was also limiting access for crypto firms by pushing banks through regulation. According to him, the treatment of his family was similar to how the system had been "weaponized" against the digital asset sector.

In March, the Trump Organization took legal action against Capital One. The company argued that the bank closed its accounts for political reasons, which caused major losses. Weeks later, Eric said that banks must adapt to crypto or risk becoming irrelevant within ten years.

He also voiced support for tokenizing real-world assets. He questioned why large properties, such as Trump Tower, could not be refinanced by offering tokenized shares to investors worldwide.

Recently, Eric pointed out that his February support for Ethereum ETH $4,381.05 has since paid off. What did he say? Read the full story.