Trump has pledged to support the BTC mining industry in the United States
The politician met with representatives of the media and the largest mining companies
12.06.2024 - 07:20
819
3 min
0
What’s new? Former US President Donald Trump has held a meeting with the CEO of the Bitcoin Magazine publication David Bailey and representatives of leading US mining companies Marathon Digital, CleanSpark, and Riot Platforms. During the conversation, the politician stated his intention to support the BTC mining industry.
What else is known? After the meeting, Trump posted a message on his social network Truth with an appeal to support his candidacy in the presidential election of 2024:
“VOTE FOR TRUMP! Bitcoin mining may be our last line of defense against a CBDC. Biden’s hatred of Bitcoin only helps China, Russia, and the Radical Communist Left. We want all the remaining Bitcoin to be MADE IN THE USA!!! It will help us be ENERGY DOMINANT!!!”
Trump’s stance on Bitcoin stands in stark contrast to that of his rival and current US President Joe Biden. The Biden administration is believed to be less supportive of bitcoin and more supportive of the digital dollar. The digital dollar project has been repeatedly criticized because of the risks of surveillance and censorship.
This year, Biden again proposed a 30% tax on mining and also vetoed a congressional decision that overturned a Securities and Exchange Commission (SEC) rule making it harder for crypto custodians to operate.
Media later reported that Biden’s campaign headquarters had become more open to the crypto sector after realizing that the issue could have an impact on the presidential race.
Media: Biden's staff has begun crypto industry consultations on policy and community outreach
The move came in response to criticism from the presidential administration for intending to veto the repeal of the anti-cryptocurrency initiative
Trump, for his part, has declared his intention to become “crypto president.” He started accepting donations in cryptocurrencies, noted the need to develop the United States as a crypto hub with friendly regulation. Also, he began exploring the use of bitcoin to address the national debt, and pledged again to prevent the issuance of a digital dollar if re-elected.
With over 50 million cryptocurrency holders in the US, Trump’s commitment to the industry could play a key role in securing victory.
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$98 372
BTC
+5.83%
-
Ethereum
$3 150.86
ETH
+1.94%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.12
XRP
+0.1%
-
Dogecoin
$0.385022
DOGE
-0.43%
-
Cardano
$0.792283
ADA
-4.31%
-
Bitcoin Cash
$523.54
BCH
+19.31%
-
Polkadot
$5.66
DOT
-4.75%
-
Stellar XLM
$0.240205
XLM
-3.14%
-
Litecoin
$90.21
LTC
+5.88%