An Eric Trump crypto company is relying on close ties to a Chinese company | Eric Trump
A private Chinese company is giving preferential access to its technology and providing unusually beneficial payment terms on hundreds of millions of dollars worth of specialized equipment to a firm partially owned by Eric Trump, according to industry sources and Securities and Exchange Commission records.
The company, Bitmain, has faced concerns over the potential national security risks of its technology, with one Republican congressman asking the treasury department to review some of its business dealings in the United States.
American Bitcoin Corporation was founded in March, just two months after President Trump’s inauguration. Eric Trump currently has a 7.5% stake in the company, SEC filings show. Created through a daisy chain of…
