India, May 14 -- US President Donald Trump and his family's obsession with cryptocurrency is well known. Now, there is a further evolution to this tale as a new Bitcoin mining venture has been announced on May 12 that has a close connection to the Trump family.

American Bitcoin is an all-new cryptocurrency firm backed by President Donald Trump's sons Eric Trump and Donald Trump Jr. It is now slated to become a publicly traded company and will be listed on Nasdaq ,expectedly by 2025, according to an investor presentation.

The firm will be backed and merged with Gryphon Digital Mining, and the merged entity will be known as "ABTC". This entity's major shareholders will the US President's two sons (98%), with the remaining 2% going to the ...