DeutschIn the US, the conflict between crypto and banks is currently unfolding. Right in the middle: The Trump family. Even US President Donald Trump speaks out and takes a clear stance – in favor of crypto. But how surprising is the politician’s statement, really?
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Crypto vs. Banks: Conflict Grows in the US
In the US, a clearly visible conflict is currently growing between the crypto industry and banks. The bone of contention is the US crypto law CLARITY, which has been in the works since 2025 but is not being passed due to Senate resistance.
The resistance among senators is due, among other things, to the widely divergent versions of the bill. Numerous critics assert that the banking lobby has influenced the law, thereby stripping it of its original purpose.
Among the critics of the current stalemate are also US President Donald Trump and his son Eric Trump. Last week, Donald Trump already published a post on social media, in which he harshly criticized commercial banks.
“The GENIUS Act is being threatened and undermined by the banks, and that is unacceptable – we will not allow it,” the politician began his message. He was referring to a law he ratified in July 2025, which serves as the basis for the future, everyday use of stablecoins in the US.
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Many prominent figures in the crypto scene picked up on Trump’s comment and agreed with him. This included Cardano founder Charles Hoskinson.
Why the Trumps are Siding with Crypto
But why are the Trumps siding with crypto? Various interests are likely behind this decision. For example, the Trump family could be advocating for a fairer financial market out of idealism. More competition between banks and stablecoins could stimulate business to the benefit of users.
The conflict between banks and crypto is primarily driven by uncertainty about the popularity of savings accounts, which have provided banks with a lot of cheap capital that they could then invest profitably. Due to higher interest rates, stablecoin protocols could become more popular than bank offerings in the future.
“The US must reform the market structure as quickly as possible. Americans should earn more with their money,” Trump wrote.
With this, he addresses a popular criticism of savings accounts that pay customers only low interest rates. In comparison, stablecoins can often be invested more profitably, without significant conceptual differences in the background.
“Banks should not try to sabotage GENIUS or prevent CLARITY. They must reach a good agreement with the crypto industry because this provides the greatest benefit to American citizens,” Trump continued.
Various banks have recently expressed critical views on market developments. Even Jamie Dimon, the CEO of the world’s largest bank JPMorgan, formulated negative comments.
Eric Trump reacted cynically. In an X post, he rebuked the banks’ behavior. He wrote:
“Let me be very clear: Big banks (think JPMorgan Chase, Bank of America, Wells Fargo, and others) are working overtime just to prevent Americans from getting higher returns on their assets.”
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In the US, stablecoins could offer annual returns of around four percent, while banks pay only 0.05 percent interest.
Trump Family Again in Conflict of Interest Due to Crypto
What might initially seem like idealism, however, could in reality also be pure self-interest. Because the Trump family is right in the middle of the dispute between crypto and banks. A conflict of interest could reveal why the Trumps are siding with crypto.
For example, they operate World Liberty Financial, a crypto service that serves or is intended to serve as a hub for various crypto investments. WLFI could offer its users the opportunity to invest stablecoins profitably. As partners in the company, the Trumps would profit.
In fact, Eric Trump promoted the service in his criticism of banks. He linked the company’s X account to give it additional attention.
