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Donald Trump reportedly pledges support for Bitcoin miners in White House

Donald Trump reportedly pledges support for Bitcoin miners in White House

After making cryptocurrencies one of the main considerations of his campaign in the upcoming presidential elections, former United States President Donald Trump has pledged to champion Bitcoin (BTC) miners in the White House if he secures the presidency.

Indeed, Trump recently met with several Bitcoin miners at his Mar-a-Lago resort in Palm Beach, Florida, on June 11 and has told them that he loves and understands the crypto sector, according to Matthew Shultz, executive chairman at a major crypto mining company CleanSpark (NASDAQ: CLSK).

Furthermore, Shultz said that the former US president had expressed his belief that miners of the flagship decentralized finance (DeFi) asset can assist in stabilizing energy supply from the grid, a stance he promised to advocate for if elected in the White House. 

On top of that, Trump has also met with Jason Les, the CEO and director of Riot Platforms (NASDAQ: RIOT), another one of the biggest blockchain companies in the world, which operates mining facilities that validate transactions on blockchain networks, primarily for Bitcoin, according to his X post on June 11.

Shortly after, Trump posted on his Truth Social account that Bitcoin mining might be “our last line of defense against a CBDC,” referring to a central bank digital currency, adding that he wanted all of the remaining Bitcoin to be “MADE IN THE USA!!!” as it would help the country be “ENERGY DOMINANT!!!”

Donald Trump's post on Bitcoin mining. Source: Truth Social
Donald Trump’s post on Bitcoin mining. Source: Truth Social

Trump v. Biden: Crypto issue

As a reminder, the (repeat) presidential hopeful has significantly shifted his position toward crypto assets in the past years, moving away from the view that they “are not money” and “can facilitate unlawful behavior, including drug trade and other illegal activity,” as he argued back in 2019.

However, he has since done a 180 on the matter, recently stating he was “fine with crypto,” pointing out at the differences on this issue between him and his rival in the presidential race, the incumbent US President Joe Biden, as well as starting to accept campaign donations in digital currencies.

At the same time, Biden has apparently made a surprising change in relationship with the crypto industry as well, as his team has started to approach key crypto industry participants, seeking insights and advice on “crypto community and policy moving forward,” as Finbold reported on May 30.

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