Trump Family Builds Multibillion-Dollar Crypto Empire, American Bitcoin Public on Nasdaq
Trump Family Builds Multibillion-Dollar Crypto Empire, American Bitcoin Public on Nasdaq

Trump Family Builds Multibillion-Dollar Crypto Empire, American Bitcoin Public on Nasdaq

News summary

President Donald Trump, upon his return to the White House in 2025, has embraced cryptocurrencies, reversing his earlier skepticism and pushing policies that support digital assets, including allowing 401(k) retirement funds to invest in crypto. This shift has coincided with significant financial gains for the Trump family, notably through ventures like American Bitcoin Corp., co-founded by Eric and Donald Trump Jr., which recently went public and aims to mine Bitcoin at low costs using American energy. The Trump family’s crypto initiatives also include launching meme coins such as TRUMP and MELANIA tokens that generated billions in market capitalization and trading profits. Additionally, Trump’s social media platform, Truth Social, has integrated cryptocurrency rewards using the CRO token, further cementing his influence in the crypto space. Companies connected to the Trump family and their associates, like Dominari Holdings and CRO, have seen substantial stock price increases tied to their crypto-related activities and partnerships. Overall, the Trump family has built a rapidly growing crypto empire that blends political branding with business ventures, leveraging both market enthusiasm and the Trump brand to capitalize on the expanding digital asset ecosystem.

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Last Updated
4 days ago
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