According to the presidential applicants, he enjoys the crypto mining sector. He heard from a few supervisors about ways to increase employment and strengthen the electrical grid.
Once again, Trump expressed his support for the Bitcoin mining sector. This occurred on Wednesday following his meeting with a few executives from Bitcoin mining firms in the United States.
Donald Trump, the presidential contender, stated in a post on his website, Truth Social, on June 11 that he wants the remaining Bitcoin to be produced in the United States of America. He believes that this will provide the nation with greater energy control.
The “last line of defense” for the country against a digital currency issued by a central bank, according to him, is Bitcoin. In March, Jerome Powell, the chair of the Federal Reserve, stated that the United States was “nowhere near recommending or, let alone adopting a central bank digital currency in any form.”
Following that, Trump hosted a meeting at Mar-a-Lago in Florida with Bitcoin miners. Among the attendees were CEO of Riot Platforms Jason Les, head of public policy of the company Brian Morgenstern, executive chairman of CleanSpark Matthew Schultz, and board member of TeraWulf Amanda Fabiano. Posts on X contained this information.
Fabiano claimed that they discussed the potential of Bitcoin mining. The purpose was to strengthen the electrical system and generate employment with President Trump.
According to Bloomberg, Schultz from CleanSpark stated that Trump promised to support the sector if elected president in November.
“Our industry has faced an enormous amount of political struggle, fueled by misinformation and misguided narratives,” TeraWulf’s Fabiano said on X. “Our industry needs politicians that are interested in learning about the benefits of Bitcoin and Bitcoin mining.”
President Joe Biden proposed levying a 30% tax on the electricity that the nation’s Bitcoin miners use. Because of worries about its energy use, emissions, and potential effects on power networks, this business is receiving increased political attention.
As president in 2021, rump referred to Bitcoin as something that” seems like a scam.” but he appears to be altering his strategy lately. He seems to be attempting to secure backing from wealthy lobbying groups in the Bitcoin sector. As he gets ready for the November 5, 2024, presidential election.
He even called himself the “crypto president” earlier in June and recently emphasized that the US should not accept “second place” in the crypto world.
By the end of last month, the billionaire had started using cryptocurrencies to finance his presidential campaign. Furthermore, he hosted a dinner for the holders of his Mugshot digital tokens last month.
On June 10, Trump met for the first time with his parole officer. This occurred following his May 30 conviction on 34 criminal counts related to altering business records.
Trump conducted a virtual interview from his property at Mar-a-Lago. The Hill said that the interview was “uneventful” and that it lasted less than thirty minutes. The Hill cited anonymous sources for this information.
