CoinDesk Podcast Network Eric Trump's 'American Bitcoin' Venture | COINDESK DAILY
May 16, 2025
Eric Trump shares his unexpected journey into the cryptocurrency world and discusses the ambitious American Bitcoin initiative. The episode also features Barstool Sports founder Dave Portnoy, who dives into the world of memecoins. Additionally, it covers significant news such as the Department of Justice charging 12 individuals in a large-scale crypto fraud and money laundering scheme, alongside concerns over a recent data breach at Coinbase. Tune in for insights on the evolving landscape of crypto!
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Eric Trump's Crypto Connection
- Eric Trump shared how political attacks on his family connected them with the crypto community.
- This alignment sparked his interest in cryptocurrency and a partnership with the crypto sector.
Bitcoin as Digital Gold
- Bitcoin functions as digital gold and a store of value with greater liquidity than real estate.
- This makes Bitcoin a flexible asset for investment compared to traditional property.
Crypto Fraud and Breach Insights
- A crypto scheme used social engineering to siphon digital assets from a Genesis creditor.
- Coinbase revealed a related breach where bribes to employees could lead up to $400 million in payouts.