reported<\/a> that the Winklevoss brothers may have influenced the White House\u2019s decision to delay the nomination of Brian Quintenz as chair of the US Commodity Futures Trading Commission.<\/p>\n <\/p>\n
The Senate Agriculture Committee had scheduled a vote on Quintenz\u2019s nomination before lawmakers left for the August recess. However, the process stalled after a request from the White House.\u00a0<\/p>\n
While the report did not confirm any direct intervention by the twins, it noted their previous public support for Quintenz following President Trump\u2019s announcement of the nomination.<\/p>\n
The reasons behind the delay remain unclear, and neither the White House nor the Gemini co-founders have publicly addressed the claims. For now, the nomination is expected to return to the Senate\u2019s agenda when lawmakers reconvene later this year.<\/p>\n
American Bitcoin set for Nasdaq listing<\/h2>\n
American Bitcoin, which is about 20% owned by Eric and Donald Trump Jr., emerged from a restructuring of Hut 8\u2019s mining operations. The Canadian miner transferred its US-based mining sites and equipment into the new venture in exchange for an 80% stake, while the Trump sons retained their ownership through a related entity.<\/p>\n
The company has agreed to go public via an all-stock merger with Nasdaq-listed Gryphon Digital Mining, a deal expected to close in early September. Upon listing, Eric Trump\u2019s stake could be worth as much as $367 million, according to Bloomberg.<\/p>\n
American Bitcoin\u2019s core strategy focuses on building long-term value through two parallel objectives. The first is to mine Bitcoin at a cost lower than the market rate. The second is to continually increase its direct cryptocurrency holdings.<\/p>\n
As of June, American Bitcoin reported a reserve of 215 BTC worth nearly $24 million, stored with Coinbase Custody. The company contracts out its mining operations rather than owning and operating all infrastructure directly, a model that keeps fixed costs low while allowing it to scale quickly.<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Gemini co-founders Cameron and Tyler Winklevoss have made an undisclosed investment in American Bitcoin Corp., a mining firm partly owned by US President Donald Trump\u2019s sons Eric and Donald Jr.…<\/p>\n","protected":false},"author":1,"featured_media":7181,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7180","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7180","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=7180"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7180\/revisions"}],"predecessor-version":[{"id":7182,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7180\/revisions\/7182"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/7181"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=7180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=7180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=7180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}