“The tides have turned so quickly,” Trump noted, saying that many of the same institutional investors who dismissed crypto roughly\u00a018 months ago have since reversed course and embraced it.<\/p>\n
Eric Trump is the co-founder of American Bitcoin Corp. (ABTC), a Bitcoin mining company. It is primarily owned by Hut 8 (HUT). American Bitcoin currently holds 8,300 BTC, according to BitcoinTreasuries\u00a0data<\/a>.<\/p>\n ABTC stock<\/a> closed down by over 12% on Friday. On Stocktwits, the retail sentiment around ABTC remained in the \u2018bullish\u2019 zone, while chatter stayed at \u2018high\u2019 levels over the past day.<\/p>\n On The CLARITY Act<\/p>\n We need to be \u201cnumber one\u201d in the technologies that are shaping the future, Trump said, adding that the country could not fall behind in crypto or AI.<\/p>\n He credited President Donald Trump\u2019s administration with accelerating crypto adoption globally,\u00a0 with other countries now developing their own regulatory regimes partly in response to the U.S. welcoming the industry with legislation like the Digital Market Asset Clarity Act (CLARITY Act), which is scheduled for a vote on September 15.\u00a0<\/p>\n He pointed to the United Arab Emirates (UAE) and countries across Asia as examples of nations moving quickly to embrace digital assets and mirror the U.S. regulatory approach.<\/p>\n He closed by tying the crypto and AI races together: “We are all in [the] crypto race. We are winning the AI race, and I think that’s going to serve our country for generations to come.”<\/p>\n President Donald Trump has also\u00a0consistently maintained<\/a> that the U.S. would become the “crypto capital\u201d and \u201cBitcoin superpower of the world” and said that he was “committed to ensuring the United States remains number one in artificial intelligence.”\u00a0<\/p>\n Bitcoin\u2019s price<\/a> was trading at $78,917, up by over 1% during the past 24 hours. On Stocktwits, retail sentiment around BTC remained in the \u2018bullish\u2019 zone, while chatter stayed at \u2018high\u2019 levels over the past day.<\/p>\n Read also: Tether CEO Says Bank For International Settlements Is \u2018Rightfully Worried\u2019 Stablecoins Expose Banking\u2019s Fractional-Reserve Problem<\/a><\/p>\n For updates and corrections, email newsroom[at]stocktwits[dot]com.<\/p>\n
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