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Eric Trump Spotlights JPMorgan's Bitcoin Turnaround, While His American Bitcoin Eyes Hoarding 'Cheapest'

Summary by Benzinga
American Bitcoin Corp. (NASDAQ:ABTC) co-founder Eric Trump on Wednesday pointed to JPMorgan Chase & Co.’s (NYSE:JPM) shift in stance on Bitcoin (CRYPTO: BTC) as a major win for the cryptocurrency sector over traditional banking powerhouses. Trump Says Crypto ‘Won The Race’ At CoinDesk’s Consensus event in Miami, Trump stated that JPMorgan went from calling Bitcoin a “joke asset” to allowing institutional clients to use it as collateral for loans…

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Coin Desk broke the news in Manila, Philippines (the) on Wednesday, May 6, 2026.
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