According to a CNF report that the Trump family benefits most from Wlfi, their commitment to the cryptosecutor has intensified, recognizable by activities in the Bitcoin mining business and the plan to introduce a stable coin.
Eric Trump and Donald Trump announced Jr. This initiative is a collaboration with the software company Hut 8 based in Florida, which wants to establish itself as a “most efficient pure Bitcoin miner” and at the same time want to accumulate a considerable strategic bitcoin reserve.
According to Markets.businessinsider.com, HUT 8 holds a share of 80% in the company, while American Data Centers has the rest of the shares. The managers include Matt Prusak as CEO and Eric Trump as Chief Strategy Officer.
Donald Trump Jr. described the commitment with the words:
“From the beginning we underpinned our conviction in Bitcoin – personally and through our companies. But buying Bitcoin is only half of the history. Mining at favorable conditions opens up an even greater chance.”
In addition to mining, Eric Trump recently announced the introduction of a stable coin by World Liberty Financial (Wlfi). This decentralized financial initiative introduces a coin that can be redeemed against the US dollar and is covered by US state bonds, dollar deposits and other cash equivalents. The company promises:
“No games. No gimmicks. Only real stability.”
These developments coincide with the upcoming meeting of the Committee on Financial Services from the House of Representatives to the Stable Act, a draft law to regulate stable coins. The draft law supported by leading Republicans aims to impose strict standards on the issuers that are similar to those for state -regulated financial instruments.
In addition, President Donald Trump has shown strong support for the crypto industry. In March 2025, he signed a implementing regulation for the establishment of a strategic Bitcoin reserve and a US stock of digital assets with the aim of positioning the United States as a leader in digital finance.
The expanding crypto entries of the Trump clan reflect a broader trend of the growing institutional and political engagement in digital assets that could influence market behavior and regulatory environment.
When writing this article, Bitcoin is traded at $ 84,164.70, an increase of 1.21 % in the last 24 hours, according to Coinmarketcap with a market capitalization of $ 227.56 billion and a 24-hour trading volume of almost $ 9.79 billion.
No Comments