Eric Trump has entered the Bitcoin race with a mining-first approach, aiming to acquire BTC at a fraction of market price. During Consensus 2025, he disclosed that his firm, American Bitcoin, plans to mine Bitcoin at production costs between $37,000 and $38,000 per coin. This is significantly lower than the
Although Trump’s acceptance of crypto has huge impact in the digital asset world, it has also raised red flags with ethics specialists and regulators. Virginia Canter, State Democracy Defenders’ chief counsel, pointed out that previous presidents invested assets in blind trusts to keep themselves out of conflict-of-interest situations, something Trump
Eric Trump has issued a strong warning to banks during an interview in Dubai, saying they must adapt to crypto or vanish. The vice president of the Trump Organization said the traditional financial system is no longer efficient. He emphasized that banks must adjust to technological change or risk becoming
The Trump family is deepening its involvement in cryptocurrency with a major move into Bitcoin mining. Eric Trump and Donald Trump Jr. have partnered with Hut 8 to launch American Bitcoin, a large-scale U.S.-based mining firm. Hut 8, a publicly traded crypto infrastructure company, will control 80% of American Bitcoin.
As another day dawns, the crypto community’s morning tea includes Donald Trump’s speech at the digital summit. While prices have still hit a slump, the regulatory sector has sprung into action in the past day. Notably, a few hours ago, the SEC released a statement discussing that PoW mining is
Eric Trump’s Comment on Bitcoin and Ethereum Eric Trump recently shared his thoughts on Bitcoin, posting on X, “Feels like a great time to enter #BTC!” This led to a brief price jump, pushing Bitcoin above $98,000 before it settled at around $97,650. The price movement was minimal, reflecting only
