Eric Trump
Chinese firm gives Eric Trump crypto company preferential tech access
Reported by AI
A Chinese technology company, Bitmain, has provided unusually favorable terms to American Bitcoin Corporation, a firm partially owned by Eric Trump, for purchasing advanced mining equipment. SEC filings reveal the deal involves pledged bitcoin payments redeemable over two years, raising concerns about potential influence on the Trump administration. Experts highlight the arrangement's unusual nature amid national security worries over Bitmain's technology.