The Trump family is ramping up its involvement in the cryptocurrency sector, including Bitcoin mining and the launch of a stablecoin.
Eric Trump and Donald Trump Jr. plan to invest in a Bitcoin mining enterprise called American Bitcoin, in partnership with Hut 8.
Eric Trump also announced the upcoming launch of a stablecoin through World Liberty Financial, backed by U.S. government Treasurys and cash equivalents.
These initiatives come amidst regulatory discussions, including the House Financial Services Committee's consideration of the STABLE Act, which aims to regulate stablecoins.