Donald Trump met today with Bitcoin Magazine CEO David Bailey and several prominent US Bitcoin miners. The meeting saw Trump commit to supporting Bitcoin mining in Washington, D.C., and on the global stage.
Today was a landmark moment in our journey towards turning Bitcoin into a hyper-digital currency. The former and incoming President of the United States brought together America's passion and commitment to championing our cause in D.C. and on the world stage. Bitcoin will boom in 🇺🇸
Orange man + orange coin = good pic.twitter.com/YhfzoJg19g
– David Bailey🇵🇷 $0.65/btc is the floor (@DavidFBailey) June 12, 2024
In attendance were representatives of leading Bitcoin mining companies, including Clean Spark, Riot Platforms, Marathon Digital and other prominent players in the industry. Keynote figures in attendance include S Matthew Schultz from CleanSpark, and Jason Les and Brian Morgenstern from Riot Platforms. Salman Khan From Marathon Digital, Inc Amanda Fabiano Fabiano Consulting, former Head of Mining at Galaxy and Director of Bitcoin Mining at Fidelity.
Today, the CEO of Riot, @JasonLes_Head of Public Policy at Riot, @morgensternhe met @RealDonaldTrump Discusses the #Bitcoin Mining and energy. 🇺🇸
"President Trump will protect your right to own Bitcoin, mine Bitcoin, transact Bitcoin, and for many of us, work in… pic.twitter.com/T0CFKR3hOv
— Riot Platforms, Inc. (@RiotPlatforms) June 12, 2024
Trump's supportive stance on Bitcoin stands in stark contrast to his rival Joe Biden. The current administration, under Biden, has taken a hostile approach toward the 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 currency (CBDC).
A few weeks ago, Donald Trump historically became the first US president to accept Bitcoin Lightning Network donations, following recent comments he made saying he wanted the future of cryptocurrencies to be in America, not push them overseas due to strict regulations. Trump also said that he would “support self-custody for the nation's 50 million cryptocurrency holders.”
As Trump advances in the presidential race, his support for Bitcoin and cryptocurrencies is earning him significant support from the crypto community. With more than 50 million Bitcoin and cryptocurrency holders in the United States, Trump's commitment to the industry could play a pivotal role in ensuring victory in November.