American Bitcoin, a cryptocurrency firm co -founded by Eric Trump, announced on Monday that it would be publicly negotiated, the last expansion of Trump family investments in the cryptographic industry.
The company, which focuses on Bitcoin Mining, will merger with Gryphon Digital Mining Inc., a company that is already marketed in Nasdaq. Trump, the president’s average son, appears as one of the founders and member of the company’s management team.
American Bitcoin began at the end of March, when Trump and his older brother, Donald Trump Jr., announced that they join forces with a Bitcoin mining firm called Hut 8. Bitcoin Mining is a vital branch of the cryptographic industry, in which the main companies, many dates to play process processes processes processes of procession procession procession procession transactions.
The measure to take the American Bitcoin public could pave the way for merchants, including those looking for the favor of President Trump, to invest in a Trump family entity, he thought that the company said in its announcement that existing shareholders were a company.
The business is a face of an increasingly wide or cryptocurrency of the Trump family that have alarmed government ethics experts. President Trump and his children have started a cryptographic firm called World Liberty Financial that sacrifices their own digital currency. And working with a separate set of commercial partners, the Trump family has commercialized the $ Trump digital currency, a type of cryptography called Memecoin that is generally treated more as a novel investment than as a real currency.
At the same time, President Trump has taken measures to advance in the interests of the cryptographic world in Washington, ending a campaign of application of the Biden era against cryptographic companies and support legislated by the industry.
In a presentation of investors published on its website, American Bitcoin aggressively promoted its connection with the Trump family, with a large photograph or Eric Trump near the beginning. A message next to the photo describes the company’s ambitions and left the company to the domestic cryptographic industry so that the president’s messages are echoed.
“Crypto is the future,” says the message. “The United States must lead the way. American Bitcoin will establish the standard.”
Among a list of key figures in the business, the presentation describes Eric Trump as a “strategic amplifier” that “drives brand equity and institutional visibility through the scope of the incomparable network.”
