Trump Jr. calls banking a 'Ponzi scheme,' says it forced family to start WLFI

Donald Trump Jr. called the banking industry a "Ponzi scheme" in an interview with CNBC at the World Liberty Forum. This, he stated, is why his family had to establish World Liberty Financial (WLFI). "We didn't get into crypto because we were at the forefront," he emphasized. "We got into it out of necessity. They basically forced us into it." His remarks follow a recent $5 billion lawsuit filed by President Donald Trump against JPMorgan and its CEO, Jamie Dimon, alleging the bank closed his accounts in 2021 for political reasons.