Trump's Son Involved Bitcoin Mining Company's Partner Had Clashes with Regulators
According to Bloomberg, American Bitcoin, a Bitcoin mining company involving Trump's son, had a mining partner that clashed with regulators.
American Bitcoin will merge with the listed company Hut 8 Corp. Before serving in leadership positions at Hut 8, CEO Asher Genoot and Chief Strategy Officer Michael Ho founded the mining company US Bitcoin in 2020. This mining company was created with "material assistance" from investors Groussman and Stetson, two investors who settled with the U.S. Securities and Exchange Commission in a 2018 price manipulation case that netted over $27 million.
A spokesperson for Hut 8 stated that Genoot and Eric Trump are both in Florida and share many mutual friends, and they worked together to plan the transaction for creating a new company called American Bitcoin. There is no evidence that Eric and Donald Trump Jr. were aware of past regulatory actions.
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