Trump family's American Bitcoin stock surges in market debut

Shares in the Trump family’s latest cryptocurrency surged in public trading Wednesday, triggering more ethical concerns as the Trumps look to cash in on crypto as the president’s administration weakens regulations for the nascent industry. American Bitcoin, a firm co-founded this spring by Eric Trump, the president's son, saw its share price climb as much as 39% by early afternoon to about $9.60. According to a release, the company is set up to accumulate bitcoin through computer “mining” of the cryptocurrency, as well as “opportunistic bitcoin purchases.” By owning a...