Donald Trump is doubling down on support for crypto and wants all remaining Bitcoin to be made in the US

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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.”

File:Donald Trump (29496131773).jpg - Wikimedia CommonsFile:Donald Trump (29496131773).jpg - Wikimedia Commons

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.

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.

See also  New US Accounting Rules for Digital Asset Firms and Companies Owning Bitcoin and Crypto Assets Announced: Report

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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