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Trump Family Expands Crypto Presence With Bitcoin Mining and Stablecoin Plans
The Trump family has made significant strides in expanding their crypto presence with the launch of a new Bitcoin mining venture and plans to introduce a stablecoin. This move highlights their deepening involvement in the digital currency space, which may have far-reaching implications for the industry.
As part of this initiative, Eric Trump and Donald Trump Jr. are collaborating with Florida-based software company Hut 8 to establish American Bitcoin, a pure-play bitcoin mining enterprise aiming to become the most efficient miner while accumulating a substantial strategic reserve. Notably, Hut 8 will hold an 80% stake in the venture, with American Data Centers owning the remaining percentage.
Moreover, Eric Trump has announced the launch of a new stablecoin through World Liberty Financial (WLFI). This innovative decentralized finance endeavor promises to offer a reliable and transparent means for transactions, backed by U.S. government Treasurys, dollar deposits, and other liquid assets. The initiative is centered around the slogan “No games. No gimmicks. Just real stability.”
The timing of these developments coincides with an upcoming markup session in the House Financial Services Committee regarding the STABLE Act, a proposed legislation aimed at regulating stablecoins. Given their significant influence within the political sphere, the Trump family’s involvement in this sector could have a profound impact on the regulatory landscape.
President Donald Trump has consistently demonstrated his support for the crypto industry. In March 2025, he signed an executive order to establish a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile, striving to position the United States as a leader in digital finance.
The growing institutional presence of prominent figures like the Trump family could have significant implications for market trends and regulatory frameworks. The introduction of their stablecoin and involvement in bitcoin mining ventures may influence investor sentiment and potentially shape the direction of future industry developments.
In conclusion, this move underscores the significance of crypto expansion among influential individuals.
Source: https://www.crypto-news-flash.com/trump-family-expands-crypto-presence-with-bitcoin-mining-and-stablecoin-plans/?utm_source=rss&utm_medium=rss&utm_campaign=trump-family-expands-crypto-presence-with-bitcoin-mining-and-stablecoin-plans
