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Home»ADOPTION NEWS»Trump says he will defend Bitcoin miners in White House: Report
ADOPTION NEWS

Trump says he will defend Bitcoin miners in White House: Report

By Crypto FlexsJune 12, 20242 Mins Read
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Trump says he will defend Bitcoin miners in White House: Report
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Former US President Donald Trump expressed support for Bitcoin mining during a meeting with several Bitcoin miners at Mar-a-Lago on Tuesday night, Bloomberg reports.

Trump has recently taken an active stance in favor of cryptocurrency for the upcoming November election. According to reports He told attendees that he would advocate for Bitcoin mining in the White House and that miners contribute to energy grid stability.

The meeting, held at Trump’s Palm Beach resort, included representatives from Nasdaq-listed Bitcoin miners CleanSpark Inc. and Riot Platforms, several of whom took photos with the former president. It has been posted.

“We ran into someone who is a huge fan of Bitcoin and likes what we do at CleanSpark Inc. in Georgia, Mississippi and Wyoming,” said CleanSpark co-founder S. Matthew Schultz. wrote From his X post.

Trump’s embrace of cryptocurrency has garnered support from several industry leaders, as seen at a recent $12 million fundraiser held in Silicon Valley. Known to have attended Gemini founders Cameron and Tyler Winklevoss, among others. Last month, Trump declared: receive political donations In the form of cryptocurrency.

“While Trump has championed deregulation and innovation in financial technology, Democrats like Biden and his official surrogate Elizabeth Warren continue to believe that government alone is the answer to how our country leads the world,” the Republican candidate said. name said.

Meanwhile, a source told The Block late last month that President Joe Biden’s re-election campaign Cheongha Provides guidance to cryptocurrency industry members on digital asset policies. The support marks a significant shift from the Biden administration’s less friendly stance on cryptocurrencies.

The Trump campaign did not immediately respond to The Block’s request for further comment.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

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