Donald Trump Meets Bitcoin Leaders, Vows to Support Mining

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  • Trump commits to championing Bitcoin mining globally and in Washington, D.C.
  • Trump’s pro-Bitcoin stance contrasts with Biden’s support for CBDCs.

Donald Trump met with CEO of Bitcoin Magazine David Bailey and a number of well-known American Bitcoin miners not too long ago. Trump pledged at the meeting to support Bitcoin mining both domestically and internationally.

Today was a historic moment in our journey towards hyperbitcoinization. The former and next President of the United States gathered America’s hashrate and committed to championing our cause in DC and on the global stage. Bitcoin will THRIVE in 🇺🇸

Orange Man+Orange Coin= Good

— David Bailey🇵🇷 $0.65mm/btc is the floor (@DavidFBailey) June 12, 2024

Donald Trump’s Move

Leading Bitcoin mining companies, including CleanSpark, Riot Platforms, Marathon Digital, and other well-known companies, were represented among the guests.

Key attendees were Salman Khan of Marathon Digital, Jason Les and Brian Morgenstern of Riot Platforms, S Matthew Schultz of CleanSpark, and Amanda Fabiano of Fabiano Consulting, who was previously Director of Bitcoin Mining at Fidelity and Head of Mining at Galaxy.

Compared to his rival Joe Biden, Trump is very supportive of Bitcoin. Biden-led, the present administration has been antagonistic to the sector, reluctant to accept Bitcoin and other cryptocurrency.

The Biden administration is believed to support the Central Bank Digital Currency (CBDC) more than Bitcoin.

Historical Crypto Donation

Following remarks he made lately stating he wants the future of cryptocurrency to be in America and not driven elsewhere due to severe laws, Donald Trump made history a few weeks ago by becoming the first U.S. President to receive Bitcoin Lightning Network donations.

Trump further declared that he “will support the right to self-custody to the nation’s 50 million crypto holders.”

Additionally, ETHNews previously reported on Trump’s promise to support the industry against overly restrictive laws and become a “crypto president.”

This pledge is consistent with his recent deeds and remarks and demonstrates his dedication to creating a positive atmosphere for the US bitcoin industry.

The post Donald Trump Meets Bitcoin Leaders, Vows to Support Mining appeared first on ETHNews.

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