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Points
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Futures
Futures
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HOT
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Unified Account
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Futures Kickoff
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Demo Trading
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Launch
CandyDrop
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Launchpool
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Launchpad
Be early to the next big token project
Alpha Points
NEW
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Simple Earn
Earn interests with idle tokens
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Auto-invest on a regular basis
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Soft Staking
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Crypto Loan
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Pledge one crypto to borrow another
Lending Center
One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
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Quant Fund
Top asset management team helps you profit without hassle
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Smart Leverage
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GUSD Minting
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Activity Center
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Referral
20 USDT
Earn 40% commission or up to 500 USDT rewards
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Gate Blog
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Proof of Reserves
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Asset Management
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OTC Bank Transfer
Deposit and withdraw fiat
Broker Program
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Gate Vault
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๐จ Eric Trump: Crypto to Replace Banks in a Year?
๐ธ Eric Trump reportedly claimed crypto will "replace banks" within a year, calling them "antiquated and discriminatory." ๐ฅ But how true is this? ๐ค
Fact Check: Eric has criticized banks as outdated, favoring blockchain for its speed and cost-efficiency (CNBC, Apr 2025). He predicted banks could face extinction in 10 years if they donโt adopt crypto, not one year. The "one-year" claim seems exaggerated, likely amplified by X posts without primary sourcing. ๐ต๏ธโโ๏ธ No major outlet confirms the exact quote or timeframe. Banks adopting crypto is plausible, but a full replacement in a year is highly unlikely due to regulatory and infrastructure hurdles.
# Trump