Key Highlights
- ‘Big Banks’ Trying Everything To Stop Crypto Legislation The son of President Donald Trump and the co-founder of American Bitcoin Corp.
- (NASDAQ:ABTC) and World Liberty Financial (CRYPTO: WLFI) argued that legacy banks benefit from inefficiencies built into traditional finance and have little incentive to support faster, technology-driven alternatives, while speaking to Fox Business from Davos on Thursday.
- “The big banks have been an absolute monopoly of our financial system for years,” he said, while pointing to inefficiencies in the current system.
- “Why can’t you send a wire transfer past 5 o’clock on a Friday afternoon?” he asked.
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