The Bitcoin mining company partner involved in Trump's son's involvement has been involved in regulatory disputes, and related investors have a history of manipulating stock prices

According to Foresight News, Bloomberg reported that the mining partner of American Bitcoin, a Bitcoin mining company that Trump's son participated in, had conflicts with regulatory agencies. American Bitcoin will merge with publicly traded company Hut 8 Corp. Prior to assuming leadership positions at Hut 8, CEO Asher Genoot and Chief Strategy Officer Michael Ho founded mining company US Bitcoin in 2020. This mining company was created with the "material assistance" of investors Groussman and Stetson, who reached a settlement with the U.S. Securities and Exchange Commission in a 2018 stock price manipulation case, resulting in profits exceeding $27 million. A spokesperson for Hut 8 stated that Genoot and Eric Trump are both in Florida and have many mutual friends who planned the transaction to create a new company called American Bitcoin. There is no evidence to suggest that Eric and Donald Trump Jr. were aware of past regulatory actions.