Eric Trump: Large banks are lobbying to suppress the high yields of stablecoins.

Techub News reports that Eric Trump tweeted that large banks are actively lobbying to prevent Americans from obtaining higher savings returns and to obstruct crypto platforms from offering yields or rewards on stablecoins above 4-5%. He pointed out that these banks pay extremely low interest rates on ordinary savings accounts (typically only 0.01% to 0.05%), while the Federal Reserve pays them rates as high as 4% or more. This huge spread creates bank profits but is hardly returned to customers. Eric Trump stated that lobbying groups like the American Bankers Association are spending millions of dollars opposing bills such as the Clarity Act, aiming to maintain a low-interest-rate monopoly and prevent deposit outflows.