Today, Donald Trump met with Bitcoin Magazine CEO David Bailey and several prominent Bitcoin miners in the U.S. During the meeting, Trump pledged to promote Bitcoin mining both in Washington DC and on the global stage.
Today was a historic moment on the road to Hyperbitcoinization. The former and next presidents pledged to rally America’s hashrate and champion our cause in Washington DC and on the world stage. Bitcoin will thrive in 🇺🇸.
Orange Man + Orange Coin = Good pic.twitter.com/YhfzoJg19g
— David Bailey🇵🇷 $0.65mm/btc is the bottom (@DavidFBailey) June 12, 2024
Attendees included representatives from major bitcoin mining companies. Clean SparkRiot Platforms, Marathon Digital, and other prominent industry players were in attendance. Key figures in attendance included S Matthew Schultz of CleanSpark, Jason Les and Brian Morgenstern of Riot Platforms, Salman Khan Marathon Digital Amanda Fabiano Former member of Fabiano Consulting, former head of mining at Galaxy and director of Bitcoin mining at Fidelity.
Today, Riot’s CEO said: Jason Lesand Riot’s head of public policy, @MorgensternNJ,met Donald Trump discuss #Bitcoin Mining and Energy. 🇺🇸
"President Trump will protect the right to own Bitcoin, mine Bitcoin, transact with Bitcoin, and for many of us, work with Bitcoin… pic.twitter.com/T0CFKR3hOv
— Riot Platforms, Inc. (@RiotPlatforms) June 12, 2024
Trump’s support for Bitcoin stands in stark contrast to his rival Joe Biden, whose administration has taken a hostile stance toward the crypto industry, including a reluctance to embrace Bitcoin and other cryptocurrencies. The Biden administration is seen as less supportive of Bitcoin and more supportive of central bank digital currencies (CBDCs).
A few weeks ago, Donald Trump Historically President Trump became the first U.S. president to receive a donation to the Bitcoin Lightning Network after recently saying he wants the future of cryptocurrency to be home to the U.S., rather than being pushed overseas by strict regulation. President Trump also said he “supports the right of self-custody for the nation’s 50 million cryptocurrency holders.”
President-elect Donald Trump has been a vocal supporter of Bitcoin and cryptocurrencies and has garnered significant support from the crypto community. There are over 50 million Bitcoin and cryptocurrency holders in the United States, and Trump’s commitment to the industry could play a pivotal role in securing victory in the November election.
