Originally published on: December 10, 2024
During a recent interview with CNBC’s Dan Murphy in Abu Dhabi, Eric Trump, an American businessman and son of Donald Trump, shared his views on the future of finance. He firmly believes that global banking systems are outdated and that crypto and blockchain technologies are set to overtake them.
Trump highlighted the inefficiencies of traditional banking systems, pointing out that processes such as getting a home loan can take up to 90 days, leading to missed opportunities. He emphasized that blockchain technology can perform all the necessary functions of modern banking systems, but in a more efficient and streamlined manner.
With countries around the world adopting crypto in various forms, Trump stressed the importance of the United States taking a leading role in regulating the industry to avoid falling behind. He expressed optimism about the incoming pro-crypto lawmakers in Congress and the potential for a more favorable regulatory environment.
As a key figure in the decentralized finance platform World Liberty Financial, Trump is passionate about driving innovation and removing government barriers to business growth. He believes that figures like Elon Musk will play a significant role in shaping the future of finance and accelerating technological advancements.
In conclusion, Eric Trump envisions a future where the United States becomes a crypto superpower, setting an example for the rest of the world. By embracing transparent and sensible regulations for the industry, he believes that the US can establish itself as a leading force in the crypto and blockchain space.
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