{"id":29730,"date":"2025-06-16T15:07:16","date_gmt":"2025-06-16T15:07:16","guid":{"rendered":"http:\/\/medexperts.pro\/?p=29730"},"modified":"2025-06-16T15:29:06","modified_gmt":"2025-06-16T15:29:06","slug":"trumps-promote-american-bitcoin-a-new-crypto-mining-venture","status":"publish","type":"post","link":"https:\/\/medexperts.pro\/?p=29730","title":{"rendered":"Trumps Promote American Bitcoin, a New Crypto Mining Venture"},"content":{"rendered":"
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The debut of American Bitcoin, a mining firm backed by Eric Trump and Donald Trump Jr., has heightened the ethical concerns swirling around the Trump presidency.<\/p>\n

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On a Wall Street conference call in April, Eric Trump made a pitch for the newest venture in his family\u2019s rapidly expanding cryptocurrency empire.<\/p>\n

Mr. Trump, the president\u2019s second son, said he was joining forces with the crypto firm Hut 8 to start a company focused on Bitcoin mining, the business of running energy-guzzling machines to generate new coins.<\/p>\n

Bitcoin mining is a notoriously difficult industry. But in the pitch, Mr. Trump made clear<\/a> that the policies of his father\u2019s administration would give the new company, American Bitcoin<\/a>, a \u201ccompetitive advantage.\u201d<\/p>\n

\u201cWe\u2019re doing it in America with a government that\u2019s dedicated to low-cost energy,\u201d he said, later adding, \u201cWe\u2019ve got the best energy policy in this country. That policy is only getting better.\u201d<\/p>\n<\/div>\n<\/div>\n

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Virtually every aspect of the Trump family\u2019s business portfolio is fraught with conflicts of interest that have blurred the boundary between government and industry. The debut of American Bitcoin, which is set to merge with a publicly traded<\/a> company later this year, has heightened those concerns, introducing new ethical questions and pulling the Trumps even deeper into crypto, a business the White House has aggressively championed.<\/p>\n

President Trump is already financially intertwined with two other crypto ventures \u2014 a so-called meme coin<\/a> created by a longtime business partner, and a separate company, World Liberty Financial<\/a>, that he and his sons founded before the election. At the same time, he has ended a yearslong enforcement campaign against crypto companies by the Securities and Exchange Commission and vowed to sign legislation that would advance the industry\u2019s priorities.<\/p>\n

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The debut of American Bitcoin, a mining firm backed by Eric Trump and Donald Trump Jr., has heightened the ethical concerns swirling around the Trump presidency.On a Wall Street conference call in April, Eric Trump made a pitch for the newest venture in his family\u2019s rapidly expanding cryptocurrency empire.Mr. Trump, the president\u2019s second son, said he was joining forces with the crypto firm Hut 8 to start a company focused on Bitcoin mining, the business of running energy-guzzling machines to generate new coins.Bitcoin mining is a notoriously difficult industry. But in the pitch, Mr. Trump made clear that the policies of his father\u2019s administration would give the new company, American Bitcoin, a \u201ccompetitive advantage.\u201d\u201cWe\u2019re doing it in America with a government that\u2019s dedicated to low-cost energy,\u201d he said, later adding, \u201cWe\u2019ve got the best energy policy in this country. That policy is only getting better.\u201dVirtually every aspect of the Trump family\u2019s business portfolio is fraught with conflicts of interest that have blurred the boundary between government and industry. The debut of American Bitcoin, which is set to merge with a publicly traded company later this year, has heightened those concerns, introducing new ethical questions and pulling the Trumps even deeper into crypto, a business the White House has aggressively championed.President Trump is already financially intertwined with two other crypto ventures \u2014 a so-called meme coin created by a longtime business partner, and a separate company, World Liberty Financial, that he and his sons founded before the election. At the same time, he has ended a yearslong enforcement campaign against crypto companies by the Securities and Exchange Commission and vowed to sign legislation that would advance the industry\u2019s priorities.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and\u00a0log into\u00a0your Times account, or\u00a0subscribe\u00a0for all of The Times.Thank you for your patience while we verify access.Already a subscriber?\u00a0Log in.Want all of The Times?\u00a0Subscribe.<\/p>\n","protected":false},"author":1,"featured_media":29732,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-29730","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/29730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29730"}],"version-history":[{"count":2,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/29730\/revisions"}],"predecessor-version":[{"id":29733,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/29730\/revisions\/29733"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/media\/29732"}],"wp:attachment":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}