Eric Trump Says Crypto Will Replace ‘Weaponized’ Banking in the Next Decade

• Eric Trump says crypto could render banks obsolete within a decade.
• He argues the current U.S. banking system is “weaponized” and slow.
• Trump Jr. urges Wall Street to embrace DeFi and blockchain or risk falling behind.
• The Trump administration has opened the door for banks to engage with crypto firms.

Eric Trump says the clock is ticking for traditional banks.

In a recent CNBC interview , he warned that the financial industry could become irrelevant within ten years unless it embraces decentralized technologies.

Eric Trump Warns Banks Will Go Extinct

According to Trump, the U.S. banking system is outdated, expensive, and, in his words, “weaponized” against everyday Americans.

He said his own shift toward crypto came after witnessing what he called politically motivated financial discrimination.

“It forced me into the crypto world,” he told CNBC. “And I’m telling you, if the banks don’t watch what’s coming, they will be extinct in ten years.”

Trump, who serves as executive vice president of the Trump Organization, has increasingly become one of the most vocal crypto advocates in his father’s political circle.

Along with his younger brother Barron, he’s believed to be shaping the Trump campaign’s evolving pro-crypto stance.

Traditional Finance Is Already Shifting

While Trump’s comments might sound dramatic, parts of the financial industry are already moving in that direction.

Major institutions like JP Morgan and Goldman Sachs are investing heavily in blockchain infrastructure, crypto custody, and tokenized asset offerings.

Trump pointed to the frictionless nature of decentralized apps as a model for the future of finance:

“You can open up a DeFi app right now, you can open up any cryptocurrency app, and you can send money, wallet to wallet, instantaneously, without the expense, without the variability [of banks],” he said.

Meanwhile, the Trump administration has already enacted several executive orders aimed at giving U.S. banks regulatory cover to interact with crypto companies, signaling a more open stance toward digital assets.

As political and financial lines continue to blur, the next decade may test just how disruptive crypto can be to legacy finance, or whether the banks will adapt before it’s too late.