Trump Brothers helps launch encryption mining project

The Trump family continues Cotton 8.

That company Declare Mon (March 31) The American Bitcoin Corp. , Which will focus on Bitcoin Mining and “Bitcoin Strategic Reserve Development”. The company’s support is Eric Trump – the company’s chief strategy official – and Donald Trump Junior, the sons of the older president.

“From the beginning, we supported our condemnation in Bitcoin – personally and through our business,” Trump Junior said in a press statement. “But simply buy Bitcoin is only half of the story. Its mining on the favorable economy opens a greater chance. We are excited to bring investors to this equation through a platform designed to implement this thesis and provide real and tangible participation in Bitcoin’s growth.”

According to the version, HUT 8 contributed to the largest part of the application of the ASIC (ASIC) application in this effort for a 80 % stake in the company.

The American Bitcoin is the latest in a series of projects related to the encryption associated with the Trump family after the president embraced the encryption sector in the campaign path last year.

Last week, The world is financial freedom (WLFI), the Trump -backed decentralized financing company announced plans for Submit USD1Refundable 1: 1 for the US dollar and is supported by a short -term US government treasury, US dollar deposits and other monetary equations.

One day before, Trump, the media, the owner of the president’s social truth platform, said she will join Crypto.com to launch a A series of boxes circulated on the stock exchange (ETFS).

The company said that these traded investment funds are “include digital assets as well as securities with a focus on America that extends on various industries such as energy.”

Speaking to a digital asset conference earlier this month, President Trump said that the United States “will dominate encryption and the next generation of financial technologies, with a highlight of the measures taken by his administration to reach this goal.

These procedures, as Trump told the BlockWorks conference, including hosting the first White House The summit of digital assetsSigning an executive order creation Bitcoin strategic reserves Us Digital Asset Stockpile.

Trump also argued that his administration had completed the Biden administration.Organizational warfare On Crypto and Bitcoin, “While Congress also calls to pass legislation that creates” simple rules, pronounces “for stablecoins and market structure.

“With the correct legal framework, large and small institutions will be liberated for investment, innovation and participation in one of the most exciting technological revolutions in modern history,” Trump said.