Eric Trump, the second son of Trump, tweeted that large banks (such as JPMorgan Chase, Bank of America, Wells Fargo, etc.) are working overtime lobbying to prevent Americans from getting higher savings returns, while also trying to stop offering any rewards or incentives to customers. These banks pay extremely low interest rates on ordinary savings accounts (usually an annual rate of only 0.01% to 0.05%), while the Federal Reserve pays them interest rates as high as 4% or even higher. Such a huge interest rate spread creates their profits, and almost none of the profits are returned to customers/ordinary depositors.

Nowadays, major banks are doing their utmost to suppress cryptocurrencies/stablecoins, as crypto platforms plan to offer yields or rewards above 4-5%. The American Bankers Association (ABA) and other lobbying groups spend millions of dollars trying to pass bills such as the "Clarity Act" to ban or restrict these yields. They shout "fairness," but in reality, their goal is to maintain their own monopoly on low interest rates and prevent deposit outflows. This practice is anti-retail, anti-consumer, and thoroughly anti-American.