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Techub News reports, according to FinanceFeeds, based on recent public statements by Eric Trump, the cumulative revenue from three cryptocurrency businesses under the Trump family has exceeded $10 billion, including the TRUMP meme coin, NFTs, and World Liberty Financial.
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.
Techub News reports, Eric Trump, the second son of Trump, tweeted that the Bitcoin holdings of the Trump family-backed Bitcoin mining company American Bitcoin have exceeded 6,500 BTC, with an increase of over 500 BTC in the past 21 days.
Techub News reports that Eric Trump posted on X platform, stating that the Trump family's mining company, American Bitcoin, has accumulated over 6,000 bitcoins in reserves less than six months after its listing on Nasdaq.
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