Eric Trump's American Bitcoin going public in latest crypto move by president's family

He distanced himself from any direct involvement with his father's administration but made clear his belief that the U.S. must maintain a competitive edge in the crypto sector.
"We won the space race. We better win the crypto race," he said.
On the campaign trail, the president repeatedly promised to support U.S.-based bitcoin miners, including telling executives at a closed-door event in Mar-a-Lago that he wants all future bitcoin should be minted on American soil.
The administration's latest executive orders loosen environmental restrictions and encourage more fossil fuel development — a boon for oilfield miners, even as critics warn it could come at a steep climate cost.
The crypto market showed little reaction. Bitcoin is trading at around $104,000, roughly flat over the past 24 hours.
American Bitcoin is being carved out of energy infrastructure platform Hut 8's broader energy and artificial intelligence infrastructure platform, a move designed to separate its mining operations and unlock new capital.
Shares of Hut 8 were up 10% Monday.
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