Eric Trump says market tide has turned as banks finally accept crypto

Eric Trump, the second son of U.S. President Donald Trump, stated that the tide has completely turned in the market, with banks that were once hostile to crypto now embracing it. According to CoinDesk, speaking at the Consensus 2026 conference, Trump highlighted that JPMorgan, which called Bitcoin a "joke asset" a year and a half ago, now even offers mortgage loans. He added that large institutions like Bank of America, Charles Schwab, and JPMorgan are joining the cryptocurrency market. Trump noted that JPMorgan CEO Jamie Dimon, a long-time crypto critic, has ultimately embraced progress. He emphasized that the crypto industry is disrupting the very banks that once refused to do business with his family.