Overview

• Eric Trump told the Wall Street Journal that hundreds of Trump Organization accounts were shut without explanation, forcing a temporary shift to regional banks before a new primary lender was found.
• The Trump Organization has sued Capital One alleging politically motivated closures that caused financial harm, while banks have denied closing accounts for political reasons.
• The family’s crypto ventures now include the TRUMP memecoin, World Liberty Financial’s USD1 stablecoin, and American Bitcoin, a Hut 8 subsidiary that raised $220 million for bitcoin and mining purchases.
• The U.S. Securities and Exchange Commission has delayed a decision on Truth Social’s proposed Bitcoin and Ethereum ETF until Oct. 8, marking a third extension since the June filing.
• Eric Trump compared the account closures to crypto firms’ past banking access problems, and the administration has ordered a review of potential bias in financial services.