Eric Trump, co-founder of a Bitcoin mining firm, stated that there is a global race for Bitcoin accumulation during a panel at the Consensus 2025 crypto conference in Toronto on May 15. He noted that families and institutions, including sovereign wealth funds and large corporations, are all attempting to hoard Bitcoin. Trump characterized this situation as two separate races: the accumulation race, currently led by Michael Saylor, and the mining race, where he is actively involved. His remarks highlight the increasing adoption of Bitcoin and the significant assets that many parties are channeling into the cryptocurrency. Moreover, Trump's family has been expanding their crypto ventures, leading to critiques regarding potential conflicts of interest and corruption amidst scrutiny from Senate Democrats. They have expressed concerns about the implications of Trump's crypto activities and are in discussions for a bipartisan stablecoin bill.

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