#AmericanBitcoinLaunch The Trump family's involvement in the cryptocurrency sector has intensified with the launch of American Bitcoin, a new venture in collaboration with Hut 8, a prominent Bitcoin mining platform. This partnership combines Hut 8's mining operations with American Data Centers, owned by Eric Trump and Donald Trump Jr., resulting in American Bitcoin. #Hut 8 holds an 80% stake, while the Trump family retains 20%. Eric Trump assumes the role of Chief Strategy Officer, emphasizing the venture's growth potential. This move positions American Bitcoin to become one of the largest and most efficient Bitcoin miners globally.
New York Magazine
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Investor's Business Daily
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Investopedia
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Reuters
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Investopedia
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Investor's Business Daily
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In tandem, Congressman Nick Begich and Senator Cynthia Lummis have introduced the BITCOIN Act of 2025, aiming to establish a Strategic Bitcoin Reserve (SBR). This legislation seeks to enhance America's financial security and global competitiveness by formally recognizing Bitcoin as a strategic national asset. The bill proposes acquiring 1 million Bitcoin over five years, ensuring no new taxpayer burden by utilizing Federal Reserve remittances and other budget-neutral strategies. It also affirms the right of individuals and businesses to own and transact Bitcoin freely, reinforcing financial sovereignty and economic liberty.
begich.house.gov
These developments reflect a significant shift in U.S. policy and private enterprise towards embracing cryptocurrency, signaling a potential transformation in the financial landscape.
Reuters
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Axios
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begich.house.gov
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Trump Family Launches American Bitcoin; Landmark Bitcoin Act Introduced
Reuters
Hut 8, Eric Trump to launch bitcoin mining company
Today
Reuters
How the Trump family took over a crypto firm as it raised hundreds of millions
Today
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