Eric Trump Warns Traditional Finance to Embrace Crypto 

Eric Trump recently warned traditional finance to adapt to cryptocurrencies or risk becoming obsolete, following his father Donald Trump’s announcement of a U.S. Strategic Crypto Reserve (SCR).

The news, shared on Truth Social, sent digital assets soaring, with Bitcoin rising 10% to over $94,000, Ethereum up 13%, and Cardano’s ADA increasing 60%.

Trump clarified that the reserve would include Bitcoin, Ethereum, and others like XRP, Solana, and Cardano, distinguishing it from previous ideas of merely stockpiling seized crypto.

I love the genius of announcing a strategic reserve on a Sunday, when traditional markets are closed and Wall Street sleeps. For the first time, retail investors win. Traditional finance better catch up, or it will quickly become extinct. The world no longer runs on a Mon-Friday,… pic.twitter.com/EPtbEisbdI

— Eric Trump (@EricTrump) March 3, 2025

He emphasized that the move counters years of negative regulation and aims to stabilize the industry.

Reactions from the crypto community are mixed. While some view the SCR as a positive step, others are concerned about the government’s control over crypto and which assets are chosen for the reserve.

Critics worry it could destabilize the U.S. dollar or be liquidated by future administrations. As the market reacts, all eyes are on the upcoming White House Crypto Summit for further details on the reserve’s operation.