There is a continuing race worldwide for the accumulation of Bitcoin, according to Eric Trump, the second-planted son of US President Donald Trump. Speaking at a crypto conference in Toronto on May 15, Trump said that from families to government funding, “Everyone in the world is trying to make Bitcoin today.”
Comments came to a panel in Consensus 2025. Sharing the stage with Asher Genoot, the CEO of Bitcoin (Btc) The Hut 8 mining company, Trump said Bitcoin adoption is incredible.
“I’m traveling. I’m on a plane. Everyone in the world is trying to make a bitcoin now. All in all. I hear it from the funds of the sovereignty’s wealth. I hear it from the richest family. I hear from the biggest companies.”
Trump described what he saw as “two races in Bitcoin”: the breed of accumulation – currently led by Michael Saylor, he says – and the mining race, marking his own participation in the crypto space.
President Trump’s third child is co-founder of American Bitcoin, a Hut8 subsidiary. On May 12, companies announced American Bitcoin will result in a public list In NASDAQ.
Related: Bitcoin Bulls aims for new all-time highs next week while capital inflows soar
Trump’s crypto adventures bring about Democratic consternation
Trump’s family’s family crypto size has grown dramatically for years from non -collection of token collections and mining to Memecoins and a stablecoin. Critics say that adventures bring conflicts of interest and open the door to potential corruption.
At different points, the Democrats call for investigations to the activities associated with Trump’s crypto, Suggested Law aimed at limiting the financial acquisition of the Trump family from Memecoins, and Walked out of joint hearing In digital possessions, concerns are mentioned in the lack of discussion around the president’s involvement in the crypto space.
Senate Democrats deleted their support For a Bipartisan Stablecoin Bill amid the continuing investigation of the presidential adventures, even a Second session of voting may come at the moment May 26.
Magazine: Crypto adventures of Trump’s crypto increases conflict of interest, insider trading question
