Big News!!!
American Bitcoin Launch!!!
The Trump family is making another big move into the crypto space with the launch of American Bitcoin!!!
A new Bitcoin-mining venture. Eric Trump and Donald Trump Jr. are investing in the company, which is a result of a merger between two firms. They're teaming up with Hut 8, a Bitcoin mining company, to create American Bitcoin. Hut 8 will own 80% of the new company, while the remaining 20% will go to American Data Centers Inc., which has the two Trump sons as investors.
Eric Trump will serve as the chief strategy officer of American Bitcoin, which marks the third major crypto venture the Trump family has started in the past year. Previously, they launched World Liberty Financial, a crypto company offering digital currencies, including a stablecoin. The family has also launched memecoins, which are cryptocurrencies based on online jokes or mascots.
This new venture has raised concerns about conflicts of interest, as the Trump family's business dealings in the crypto space continue to grow. Despite initial skepticism about Bitcoin, Donald Trump has become a vocal supporter of the crypto industry, promising to make the US the "Crypto capital of the planet"
