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
810
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 Incidents
According to the publication, the platform’s activities fall under the definition of gambling
Nov 7, 2024
Market
According to the founder of TRON, the leading US crypto exchange asked for several hundred million dollars for the listing of TRX
Nov 4, 2024
Incidents
The company conducted fictitious trading for six years to inflate the trading volume of tokens of several companies, receiving payment for these services
Nov 1, 2024
Market
1,5 million addresses have already left applications
Oct 31, 2024
Business
The company began investing in bitcoin in 2020, and since then, the value of its securities has risen by 1700%
Oct 30, 2024
Mining
The Deputy Energy Minister explained that in deficit regions, it is impossible to allocate large capacities for industry enterprises until 2030
Oct 30, 2024
Cryptocurrency rates
-
Bitcoin
$74 780
BTC
+1.02%
-
Ethereum
$2 814.3
ETH
+7.61%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$0.547031
XRP
+2.79%
-
Dogecoin
$0.189481
DOGE
-4.53%
-
Cardano
$0.374219
ADA
+4.61%
-
Bitcoin Cash
$376.27
BCH
+2.51%
-
Polkadot
$4.08
DOT
+0.21%
-
Litecoin
$70.89
LTC
+2.06%
-
Stellar XLM
$0.098908
XLM
+3.03%