Eric Trump: 'The banks have made the biggest mistake of their lives'

"There is a famous saying that sometimes the enemy of your enemy is actually your best buddy," Eric Trump said to the crowd at Consensus in Toronto, Canada. "It is the Trumps with the cryptocurrency community. And I think the banks have made the biggest mistake of their lives." The son of U.S. President Donald Trump and co-founder of the bitcoin mining company BTC American Bitcoin, as well as an advisor to World Liberty Financial (WLF), a company that recently launched a stablecoin backed by the U.S. dollar, USD1, which has now reached a market capitalization of 2 billion dollars. The co-founders of WLF joined Trump on stage on Friday as they announced that USD1 can now operate across multiple blockchains via Chainlink's ( CCIP ) cross-chain interoperability protocol. Trump painted a vivid picture of personal grievance turning into ideological belief, claiming that he has been "canceled" by major financial institutions due to his political views, which has led him to take an interest in cryptocurrency as a shield against financial control. "Many banks have been turned into weapons and I am a prime example," the son of the President of the United States said. "I may be the most canceled person for not doing anything wrong, just because we have a political viewpoint, and that political viewpoint may not be supported by some major financial institutions and the men behind them, they have pursued me as if I were a dog." He stated that USD1 is a patriotic financial tool for the people in times of instability or corruption. "It brings a lot of financial freedom of choice, especially for markets and countries where people have never had any form of financial freedom, have never had any form of financial independence, which could be in a war-torn country, where it suffers from corruption, it suffers from outrageous inflation," he said. "Every day they go to work and their money is being burned under their mattresses, and suddenly, we give the world the ability to be backed one-to-one by the US dollar by the US Treasury." Earlier today, attorneys representing WLF opposed the oversight of U.S. Senator Richard Blumenthal, the leading Democrat on a committee responsible for investigating corruption and mismanagement, who inquired about the ownership structure and investments for entities linked to Trump, including WLFI, in a letter last week.