American Bitcoin, a bitcoin miner tied to the Trump family, has agreed to go public by merging with Gryphon Digital Mining (Nasdaq: GRYP) in an all-stock deal. The deal is the latest in a series of pro-crypto moves by the Trump family, which also owns crypto venture World Liberty Financial and launched a meme coin earlier this year.
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Trump family bitcoin miner to go public
The big picture: President Trump and his family have embraced crypto in his second term, a 180-degree turn on the technology from his first time in office. However, the family's business interests have complicated the passage of signature legislation that the crypto industry has been lobbying for to gain legitimacy and legal clarity in the U.S.
