Donald Trump Allegedly Promises Backing for Bitcoin Miners at the White House

Former United States President Donald Trump has shifted his focus to cryptocurrencies as a key component of his upcoming presidential campaign. He has pledged to support Bitcoin miners if he wins the presidency. Trump recently met with Bitcoin miners at his Mar-a-Lago resort in Palm Beach, Florida, on June 11. Matthew Shultz, executive chairman of CleanSpark, a major crypto mining company, shared that Trump expressed his admiration for the crypto industry and its potential.

During the meeting, Trump emphasized his belief that Bitcoin miners could help stabilize energy supply from the grid, particularly in the decentralized finance sector. He promised to advocate for this cause if elected to the White House. Additionally, Trump met with Jason Les, the CEO of Riot Platforms, a leading blockchain company, on the same day. Les later posted about the meeting on June 11, highlighting discussions on Bitcoin mining and U.S. energy dominance.

Trump took to his Truth Social account to express his views on Bitcoin mining, suggesting it could be a crucial defense against central bank digital currencies. He emphasized the importance of producing all remaining Bitcoin in the USA to boost the country’s energy dominance.

In contrast to his previous stance on cryptocurrencies, Trump now supports digital assets and has begun accepting campaign donations in digital currencies. This marks a significant shift from his earlier belief that cryptocurrencies facilitated illegal activities. Meanwhile, President Joe Biden has also shown a change in attitude towards the crypto industry, seeking advice from key industry players to shape future policies.