This post was originally published on Bitcoinist
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Eric Trump, son of President Donald Trump, has categorically stated that there is “virtually none” when it comes to communication about crypto between himself and the President, despite the administration’s growing focus on digital assets. His comments came in the wake of an announcement that he and his brother, Donald Trump Jr., are launching a Bitcoin mining-focused venture with Hut 8 Corp. The new company, called American Bitcoin Corp., aims to focus on Bitcoin mining and the development of a Strategic Bitcoin Reserve.
Eric Trump will serve as Chief Strategy Officer at American Bitcoin, working closely with Hut 8 CEO Asher Genoot. Together, they plan to merge existing Hut 8 mining operations with the newly formed entity. According to Genoot, Hut 8 will “contribute our rigs into the entity in return for an 80% stake,” giving the Trumps’ side 20%, although exact details on how much of that 20% is owned by the Trump family have yet to be disclosed.
Addressing Conflict Of Crypto Interest Concerns
During an interview with Bloomberg Crypto, Eric Trump was pressed on how closely the White House might be
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