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Former US President Donald Trump says he wants all Bitcoin not yet mined to be made in the US, as he reiterates his pro-crypto stance ahead of November’s presidential election.
“Bitcoin mining could be our last line of defense against a CBDC,” Trump said in a June 11 post on Truth Social. “Biden’s hatred of Bitcoin only helps China, Russia and the radical communist left.”
Trump meets with miners trying to get the remaining BTC made in the US
During a June 11 evening meeting with several Bitcoin miners at Mar-a-Lago, Trump said he wif elected, he will not be a good advocate for the BTC mining sector
Event participants included representatives from Nasdaq-listed mining company CleanSpark Inc. and Riot Platforms.
“I just ran into a guy who is a big fan of bitcoin and loves what we do at CleanSpark Inc. in Georgia, Mississippi and Wyoming,” company co-founder S. Matthew Schultz said in a June 12 post on X. , referring to his meeting with Trump.
So. I just ran into a guy who is a big fan of #bitcoin and loves what we do @CleanSpark_Inc in #Georgia And #Mississippi And #Wyoming. pic.twitter.com/ofSXJGWWfn
— S Matthew Schultz (@smatthewschultz) June 11, 2024
Crypto is becoming a hot topic in American politics
Trump’s support for BTC miners comes amid growing attention to crypto in US politics. Trump was the first presidential candidate to develop a pro-crypto stance after his campaign announced it would accept donations in crypto.
Current President Joe Biden responded by also reaching out to crypto industry players.
“Trump has reduced regulation and championed innovation in financial technology, while Democrats, like Biden and his official surrogate Elizabeth Warren, continue to believe that only government has the answers to how our nation runs the world,” Trump’s campaign said in a speech. rack last month.
Meanwhile, billionaire Mark Cuban warned Biden’s campaign that the president’s loyalty to Securities and Exchange Commission (SEC) Chairman Gary Gensler could cost him the election.
He added that crypto voters will be heard in the upcoming elections, which could be damaging for Biden given Gensler’s aggressive approach to regulating the digital asset industry.
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