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At Gulf bitcoin gathering, Trump family and allies to bask in crypto industry's euphoria

Economic Times

Economic Times · 9m ago

At Gulf bitcoin gathering, Trump family and allies to bask in crypto industry's euphoria

Key players in President-elect Donald Trump's new cryptocurrency venture are heading to Abu Dhabi for the biggest bitcoin event in the Gulf region. The Bitcoin MENA conference will feature speakers such as Eric Trump, Steve Witkoff, and Justin Sun, all of whom have close ties to Trump's World Liberty Financial. The conference carries significance as it coincides with the rise of bitcoin and Trump's pledge to make America the new crypto capital. Other notable speakers include Binance founder Changpeng Zhao and Paul Manafort, Trump's former campaign manager. Trump and his family members have not commented on their involvement.

Related News

Donald Trump family Bitcoin company announces plan to go public

Economic Times

Economic Times · 4m ago

Donald Trump family Bitcoin company announces plan to go public

American Bitcoin, co-founded by Eric Trump, plans to go public through a merger with Gryphon Digital Mining Inc. The company focuses on bitcoin mining, expanding the Trump family's involvement in the crypto industry. This move allows traders to invest in a Trump family entity. The firm's connection to the Trumps, highlighted by Eric Trump's role, raises ethical concerns. The family also launched other crypto ventures, with Eric Trump playing a key branding role.

Trump's Crypto Embrace Could Be a Disaster for Bitcoin

Wired · 1y ago

Trump's Crypto Embrace Could Be a Disaster for Bitcoin

The alliance between former President Donald Trump and the crypto world seems unlikely, considering his past skepticism and lack of understanding about cryptocurrencies. However, at the Bitcoin 2024 conference, Trump claimed credit for bitcoin's rise and promised to make the US the "crypto capital of the planet." His proposals, such as creating a bitcoin reserve and pardoning Silk Road owner Ross Ulbricht, go against the fundamental principles of decentralization and government non-interference that the blockchain represents. The crypto community's support for Trump may be misguided, as his regulatory approach could ultimately harm the industry's long-term stability.

Eric Trump-backed American Bitcoin to go public through all-stock merger

Economic Times

Economic Times · 4m ago

Eric Trump-backed American Bitcoin to go public through all-stock merger

American Bitcoin, backed by Eric and Donald Trump Jr., plans to list on Nasdaq via a merger with Gryphon Digital Mining. The deal allows current shareholders, including the Trump brothers and Hut 8, to retain 98% ownership. The Trump family is actively pursuing crypto ventures, facing ethical criticisms. Gryphon and Hut 8 shares surged following the announcement. American Bitcoin aims to be a leading Bitcoin accumulation platform, promoting US crypto leadership with a lighter regulatory approach.

The Inside Story of Eric Trump’s American Bitcoin

Wired · 2m ago

The Inside Story of Eric Trump’s American Bitcoin

Eric Trump co-founded American Bitcoin (ABTC) with Hut 8, leveraging the Trump name for influence in the crypto mining industry. Launching in April, ABTC is 80% owned by Hut 8, with the Trump family owning 20%. Eric serves as a cofounder and chief strategy officer, aiming to capitalize on his family's connections and story. ABTC plans to scale rapidly, benefiting from Hut 8’s infrastructure while aiming to build a robust strategic bitcoin reserve.

Record-breaking bitcoin rally nears $90,000 on Trump boost

Economic Times

Economic Times · 10m ago

Record-breaking bitcoin rally nears $90,000 on Trump boost

Bitcoin has experienced a surge in value, approaching $90,000, following the election of Donald Trump as U.S. president. The cryptocurrency has risen over 25% since November 5, buoyed by expectations that Trump's administration will support the crypto industry. Investors predict that Trump's allies and interests will thrive under his presidency, leading to increased demand for crypto stocks and currencies. Trump's pro-crypto stance during his campaign, including plans to make the U.S. the "crypto capital of the planet," has fueled speculation and boosted the market. Other cryptocurrencies like ether and dogecoin have also seen significant increases in value.

Crypto industry descends on Dubai as Trump euphoria recedes

VCCircle

VCCircle · 5m ago

Crypto industry descends on Dubai as Trump euphoria recedes

Cryptocurrency enthusiasts gathered in Dubai for the TOKEN2049 conference amid a shift in sentiment following early optimism over Donald Trump's support for crypto. Industry leaders, including major firm executives and Eric Trump, discussed the potential impact of political promises on regulation. While crypto prices have fallen, investment remains strong, with $5.4 billion poured into the sector in early 2025. The UAE is emerging as a crypto hub, attracting significant investment and continued industry expansion.

Donald Trump to host crypto summit at White House on March 7

Economic Times

Economic Times · 7m ago

Donald Trump to host crypto summit at White House on March 7

US President Donald Trump is set to host a cryptocurrency summit at the White House on March 7. The event will feature remarks by Trump and include CEOs, investors, and notable figures from the cryptocurrency industry. This gathering signals heightened attention on the crypto market from political leadership, aiming to discuss its growth, regulation, and potential impacts on the economy. The summit seeks to bridge the gap between policymakers and the rapidly evolving crypto sector.

Trump, Republicans court crypto votes and dollars at 'Bitcoin 2024'

Economic Times

Economic Times · 1y ago

Trump, Republicans court crypto votes and dollars at 'Bitcoin 2024'

Republican nominee and former U.S. President Donald Trump, who once criticized cryptocurrency as a scam, is set to speak at the Bitcoin 2024 convention in Nashville. This move by Trump reflects the growing influence of the crypto industry in politics. Both Republicans and Democrats are recognizing the importance of engaging with cryptocurrency users and courting their votes. Pro-crypto political action committees have raised significant funds to support crypto-friendly candidates, and Trump's appearance at the conference further highlights this trend. However, it remains to be seen how many voters prioritize crypto-related issues at the ballot box.

Is Trump unveiling a crypto wallet? His associates say yes. His sons say no.

Economic Times

Economic Times · 3m ago

Is Trump unveiling a crypto wallet? His associates say yes. His sons say no.

A flashy new website claimed to announce a cryptocurrency venture backed by President Donald Trump, featuring the "Official $TRUMP Wallet." However, Trump's sons quickly distanced themselves from the project, with Donald Trump Jr. stating there was no family connection. A rift within the Trump crypto ventures surfaced, involving Bill Zanker, a Trump business partner, and World Liberty Financial, a separate crypto business founded by Trump's sons, highlighting the complex web of competing interests in Trump's crypto endeavors.

Bitcoin more than doubles in 2024 on spot ETF approval, Trump euphoria

Economic Times

Economic Times · 9m ago

Bitcoin more than doubles in 2024 on spot ETF approval, Trump euphoria

Bitcoin more than doubled in 2024, reaching $100,000, driven by US approval of spot price ETFs and optimism around Trump’s return to the White House. This surge contributed to the cryptocurrency market’s value reaching $3.5 trillion. Analysts forecast further gains, with predictions of Bitcoin hitting $200,000 by 2025. Institutional adoption is growing, with companies like MicroStrategy significantly increasing their Bitcoin holdings, and anticipation that Bitcoin could replace gold as a “store of value.”

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