Eric Trump shares details of new Bitcoin mining venture, including planned Nasdaq ticker
The son of President Donald Trump said American Bitcoin will become a proxy for the world's largest cryptocurrency
Eric Trump, President Donald Trump’s son, dove further into crypto Monday when he Bitcoin mining firm, that wants to “become a publicly listed company,” according to a TRUMP, and World Liberty Financial announced plans to release its own stablecoin, or cryptocurrency pegged to fiat currencies like the U.S. dollar.
Meanwhile, the White House, under Trump, has signaled a friendlier approach to the crypto industry compared to his predecessor, former President Joe Biden. He’s appointed an AI and crypto czar, pardoned crypto criminals, and authorized the creation of a strategic Bitcoin and digital assets reserve.
The close alignment between the Trump’s family’s crypto pursuits and the Trump administration’s pro-crypto politics has prompted critics to allege extensive conflicts of interest. Eric, however, disputed those claims. He said that the Trump Organization started World Liberty Financial a year before Trump won office in November.
“This is something that our family believes,” Eric said. “It’s something our family speaks about with our heart and soul.”
This story was originally featured on Fortune.com
