The Trump family is high-profile in bitcoin mining! The president's son said he almost never talked about cryptocurrency with his father
Recently, the Trump family's cryptocurrency moves have sparked a lot of heated discussions. Eric Trump revealed in an interview with Bloomberg that despite his father's strong interest in cryptocurrency, the two had hardly discussed the topic. This statement coincided with the Trump family's announcement of a joint venture with Hut 8, "American Bitcoin Corp.", a few days ago.
The newly established mining company American Bitcoin Corp. has a clear equity structure, with Hut 8 providing mining machines and holding 80% of the shares, and the Trump family holding 20%. Eric serves as chief strategy officer, and Asher Genoot continues to serve as CEO. The division of labor and cooperation, with clear goals, aims to combine technical strength and business insights to create a world-leading bitcoin mining company.
When asked whether government policies would benefit his family, Eric's response was quite direct. He believes that this question is untenable, just as it is ridiculous to say that falling gasoline prices benefit their golf courses, which is a transfer of benefits.
He also stressed that he has been working in the private sector for a long time, and although he has cooperated with the White House, there is no conflict of interest. Interestingly, although Eric insisted that he rarely discussed the topic of cryptocurrency with his father, he revealed that President Trump himself is a "loyal believer" in cryptocurrency.
In fact, the Trump family's layout in the crypto field has already begun. In addition to this mining investment, they have also entered the field of stablecoins through the World Liberty financial project. And President Trump himself has publicly supported cryptocurrencies many times to promote relevant legislation and participate in industry activities.
In summary, although this intersection of public and private fields will naturally arouse attention and doubts from the outside world, Eric insists that this is based on a common optimism about emerging financial technologies, rather than "using power for personal gain."
At the moment when the cryptocurrency market is relatively sluggish, what impact will this move of the Trump family have? Perhaps only time can give the answer. But what is certain is that this political family is leaving a deeper and deeper mark in the crypto world.
What do you think of political families entering the field of cryptocurrency? Can the Trump family's mining company succeed?
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