The Trump family has officially entered the Bitcoin mining industry with a 20% stake in Hut 8 through their venture called American Bitcoin.
Eric Trump, the third child of Donald Trump, is leading the family's expansion into the cryptocurrency mining sector.
The Trump family's investment in Hut 8 could potentially signal increased political interest in fostering a favorable environment for domestic Bitcoin mining operations in the United States.
Market observers are closely watching how the Trump family's involvement might reshape the Bitcoin mining sector in North America.