Mining company American Bitcoin, linked to the Trump family, merges with Gryphon, as per their recent announcement.
The Trump family's crypto business is expanding with a significant merger between Gryphon and American Bitcoin. This merger is part of a broader strategy that includes substantial investments, token sales, and strategic reinvestments, aiming to secure a significant position within the digital currency industry.
The merger builds upon previous Trump family crypto ventures, such as the issuance of the $TRUMP and $MELANIA memecoins. The Act, a proposed legislation addressing memecoins, digital assets, and stablecoins, indicates a focus on these areas of crypto.
The Trump family also has a controlling interest in World Liberty Financial, which has its own coin, WLFI, and launched the USD1 stablecoin. Notably, one Trump-related cryptocurrency reportedly generated at least $320 million since the start of 2025, while another received a $2 billion investment from a foreign government wealth fund. A third venture sold tokens worth at least $550 million. These investments have helped the Trump family's businesses to reinvest and collect strong interest income, estimated up to $80 million annually.
The acquisition and merger deal involving American Bitcoin and Gryphon boosted the profile of World Liberty Financial and elevated their stablecoin to a leading market position. Hut 8, a mining equipment provider, contributed to American Bitcoin's growth. Upon completion of the transaction in the third quarter, American Bitcoin shareholders are expected to own 98% of the stock, and the listed firm will be known as American Bitcoin.
Eric Trump, one of President Trump's sons, serves as the Chief Strategy Officer of American Bitcoin. The merger has attracted scrutiny and regulatory concerns, with Senators pressing regulators over the Trump family's stablecoin business operations. In response, Democrats have proposed the "End Crypto Corruption Act of 2025" to prevent President, Vice-President, and Congressional members from being involved in the issuance of memecoins, digital assets, and stablecoins.
The merger's potential impact extends beyond crypto, as it follows concerns about foreign investments in the Trump family's crypto ventures. Notably, Chinese-born crypto billionaire Justin Sun has invested nearly $200 million in various Trump crypto businesses. The Act aims to prevent both actual conflicts and the appearance of selling influence in relation to foreign investments in memecoins.
The Trump administration's plans include accepting a $400 million jet from Qatar, to be used as Air Force One, with plans for it to pass to the Trump presidential library foundation at the end of Trump's term. USD1, the Trump family's stablecoin, was recently used to pay a $2 billion investment in Binance by UAE firm MGX, surpassing the $2 billion mark shortly after its launch.
In conclusion, the merger of Gryphon and American Bitcoin is a significant step in the Trump family's crypto business expansion, involving substantial investments and strategic partnerships. The proposed "End Crypto Corruption Act of 2025" seeks to address potential conflicts of interest and the appearance of selling influence in the crypto industry.
- The merger between Gryphon and American Bitcoin, a move that includes token sales and strategic reinvestments, is an integral part of the Trump family's broader strategy to secure a significant position within the digital currency industry.
- The Act, a proposed legislation focusing on memecoins, digital assets, and stablecoins, indicates a heightened interest in these areas of cryptocurrency, as the Trump family has reportedly generated substantial revenue from crypto ventures.
- The merger has attracted scrutiny, with Senators pressing regulators over potential conflicts of interest in the Trump family's stablecoin business operations, leading to the proposal of the "End Crypto Corruption Act of 2025".
- The Trump family's crypto business expansion, involving substantial investments and strategic partnerships, has extended beyond crypto, with their stablecoin, USD1, being used in large-scale transactions, such as a $2 billion investment in Binance by UAE firm MGX.
