00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Eric Trump, executive vice president of the Trump Organization,
00:05said Wednesday that his personal experiences with being debanked
00:07drove him toward cryptocurrency.
00:09Speaking to Fox News, Trump alleged that Capital One
00:11stripped 300 bank accounts from him overnight,
00:14and claimed his business is retarded as part of a broader campaign
00:16against conservatives.
00:18Trump Organization sued Capital One earlier this year,
00:21alleging politically motivated closures of hundreds of Trump-linked accounts,
00:24which the bank denied.
00:25The president accused JPMorgan Chase and Bank of America
00:27of discriminating against him by rejecting large deposits.
00:31But JPMorgan denied political motives in its closures.
00:33He has invested in American Bitcoin, USD1 Stablecoin,
00:37and World Liberty Financial.
00:39Trump Media and Technology Group has also announced plans for a Bitcoin treasury.
00:42Trump Media shares closed 2.98% higher on Wednesday
00:45for a rising 0.17% in after-hours trading,
00:48and according to Benzinga Pro.
00:50For all things money, visit Benzinga.com.
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