Eric Trump, son of President-elect Donald Trump, recently spoke in an interview about the need to regulate cryptocurrency in order to modernize the banking system. He criticized traditional banking practices as outdated and highlighted the lengthy process of securing home loans in the U.S.

Trump believes that blockchain technology has the potential to streamline these processes and offer faster and more cost-effective solutions. He expressed confidence that the incoming administration would implement transparent regulations for the crypto industry, positioning the U.S. as a leader in this market.

Trump also mentioned the anticipated role of Elon Musk in the new administration, particularly in fostering innovation and enhancing business efficiency. He hopes for a government approach that encourages growth within the business sector and suggests a shift towards a more hands-off regulatory stance.