Eric Trump Claims No Crypto Chats with Dad, But Wait Until You Hear This! 😲

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So, Eric Trump, the son of the one and only President Donald Trump (you know, the guy with the hair), has declared that when it comes to crypto chit-chat with dear old Dad, there’s “virtually none.” 🤷‍♂️ This comes as a bit of a surprise, considering the administration is suddenly all about digital assets—like they just discovered Bitcoin in the attic or something. 🏦

In a plot twist worthy of a daytime soap, Eric and his brother, Donald Trump Jr. (yes, the other one), are launching a Bitcoin mining venture with Hut 8 Corp. They’ve named it American Bitcoin Corp., which sounds like a superhero team but is actually just a bunch of guys trying to mine Bitcoin and create a Strategic Bitcoin Reserve. Because why not? 💰

Eric is stepping into the role of Chief Strategy Officer at American Bitcoin, which sounds fancy but really just means he’ll be working closely with Hut 8 CEO Asher Genoot. Together, they’re planning to merge Hut 8’s existing mining operations with their new venture. Genoot casually mentioned that Hut 8 will “contribute our rigs into the entity in return for an 80% stake.” So, the Trumps get a cool 20%—but who knows how much of that is actually in the family vault? 🏰

Crypto Conflict? What Crypto Conflict? 🤔

During a riveting interview with Bloomberg Crypto (because who doesn’t want to hear about crypto at breakfast?), Eric was grilled about whether the White House might be cashing in on the family’s crypto escapades. He insisted there’s no conflict of interest, saying, “Yeah, virtually none.” Because, of course, his father is a “big part of cryptocurrency.” Apparently, he fell in love with it because regulators were chasing it like it was a runaway puppy. 🐶

Eric brushed off the critics who claim the administration’s actions might be more about enriching the Trump family than helping the crypto world. He quipped, “By that same standard, you know, lower energy prices enriches us because we use gasoline in our lawnmowers at our golf courses. Right? I mean, it’s kind of a ridiculous notion.” Because nothing says “I care about the little guy” like mowing your lawn with a gas-guzzling mower. 🌱

American Bitcoin Corp. is set to launch as a major mining operation on “day one.” Genoot claims they want to build one of the largest Bitcoin mining and holding companies. Apparently, they think investors want a “pure play mining company” that can produce Bitcoin cheaper than just buying it. Because who doesn’t want to save a few bucks while diving into the wild world of crypto? 💸

Eric is all about Bitcoin being the “digital gold” of our time and is convinced that crypto is taking over the globe. He’s like a crypto cheerleader, saying, “You take a company that’s able to literally mine Bitcoin for almost 50% of what it’s trading for … and they’re able to bring up the scale. It’s a dynamite combination. And I think we’re going to take the industry by storm.” Cue the confetti! 🎉

But wait, there’s more! The Trump family is also linked to various other crypto ventures. Eric mentioned World Liberty Financial, which raised a boatload of cash through governance tokens and is investing in cryptocurrencies. President Trump has even been promoting stablecoin legislation and showing up at crypto events like he’s the guest of honor. Critics are having a field day, claiming this could blur the lines between personal and national interests. But Eric is having none of it, insisting, “There are no conflicts because I work with the White House.” Because, of course, working with the White House means you’re above reproach. 🙄

Despite all these family crypto initiatives, Eric reiterated that there’s minimal, if any, dialogue on crypto between him and President Trump. When asked if the White House’s push for crypto accessibility calls for a firewall, he replied, “Virtually none. … My father was a massive believer in cryptocurrencies, as am I.” Because nothing says “trust me” like a family business in the wild west of digital currency. 🤷‍♂️

As of now, Bitcoin is trading at a whopping $84,097. So, if you’re looking to invest, you might want to check your couch cushions first! 🛋️

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2025-04-02 21:44