Donald Trump pledges to support Bitcoin mining activities if elected

US Presidential candidate Donald Trump expressed support for Bitcoin mining on June 11.


Donald Trump pledges to support Bitcoin mining activities if elected

According to Bloomberg, former US President Donald Trump expressed his support for Bitcoin mining activities in a meeting Tuesday night with representatives of Bitcoin mining companies.

Mr. Trump told the participants that he would represent Bitcoin mining, asserting that Bitcoin "miners" play an important role, helping to stabilize and strengthen the power system in the United States.
Meeting participants included representatives from Nasdaq-listed Bitcoin mining companies such as CleanSpark and Riot Platforms. along with many other organizations.

CleanSpark co-founder Matthew Schultz shared a photo with Donald Trump on platform X with the status:

“I just met someone who is a huge fan of Bitcoin and loves what we are doing at CleanSpark Inc. in Georgia and Mississippi and Wyoming,”

So. I just ran into a guy that’s a huge fan of #bitcoin and LOVES what we’re doing at @CleanSpark_Inc in #georgia and #mississippi and #wyoming. pic.twitter.com/ofSXJGWWfn— S Matthew Schultz (@smatthewschultz) June 11, 2024
In addition, Jason Les and Brian Morgenstern of Riot Platforms, Salman Khan from Marathon Digital, along with Amanda Fabiano of Fabiano Consulting, who was previously Director of Bitcoin Mining at Fidelity, also posted photos taken with Mr. Trump with Kind words sent to the former US President on platform X.


Today, Riot CEO, @JasonLes_, and Riot’s Head of Public Policy, @MorgensternNJ, met with @realDonaldTrump to discuss #Bitcoin mining and energy. 🇺🇸

"President Trump will protect your right to own Bitcoin, to mine Bitcoin, to transact with Bitcoin, and for many of us, to work in… pic.twitter.com/T0CFKR3hOv— Riot Platforms, Inc. (@RiotPlatforms) June 12, 2024
Today, I met former President Trump to discuss important bipartisan issues that affect our industry. We appreciate the recognition of our industry's importance and are committed to advocate for its future. #BITCOIN pic.twitter.com/F76m4Q6MXi— Salman Khan (@khansal2) June 12, 2024
Our industry has faced an enormous amount of political struggle, fueled by rumors and misguided narratives.

Our industry needs politicians that are interested in learning about the benefits of Bitcoin and Bitcoin mining.

We must encourage growth of the Bitcoin mining… pic.twitter.com/jLtV8uXJwP— Amanda Fabiano (@_amanda_fab) June 12, 2024

After the meeting, Mr. Trump posted on his Truth Social platform and expressed his wish that "all remaining Bitcoin will be mined in the US." He also emphasized that Bitcoin mining could be the “last line of defense” against CBDC and urged people to vote for him.

Trump's stance in favor of crypto and attacking CBDC is in complete contrast to US President Joe Biden. The Biden administration expressed support for CBDC and made decisions and proposals that caused a stir in public opinion, such as vetoing a bill to abolish crypto custody regulations or proposing a 30% tax on electricity costs. to mine Bitcoins.

After continuously defending crypto, Donald Trump proclaimed himself "Crypto President", accepting crypto donations and claiming that President Joe Biden does not know what crypto is.

Despite becoming the first former US President to be convicted of a criminal offense, with more than 50 million people holding cryptocurrencies in the United States, Trump's commitments and support for the crypto industry could play a key role in helping He was re-elected in November 2024.