According to Mars Finance, on May 1st, The Block reported that Eric Trump, the second son of Donald Trump, stated during a fireside chat at the Token2049 event in Dubai with Zach Witkoff, co-founder of World Liberty Financial, and Justin Sun, founder of Tron: "Our system has collapsed. Modern finance has completely collapsed." He pointed out the suppression of the Trump family by large banks in recent years and said that cryptocurrencies will make these banks regret their actions. He said: "I believe the world of cryptocurrency will replace large banks. I think it will leave these banks far behind." Eric Trump stated that banks find it difficult to innovate because their business model relies on charging fees, and in the cryptocurrency environment, they may find it hard to continue charging those fees. He reiterated his view that if banks do not innovate, they will become obsolete. "They will eventually go extinct because you are eliminating their functions. It's like the old film and cameras. I think this is the fate of financial institutions in the future," he said, adding that the speed of innovation in cryptocurrencies is 100 times that of large banks. "Nothing makes me happier than seeing them defeated by those they once suppressed."