Trump Wants Bitcoin "Made In The USA" After Hosting Mining Industry Heads
Donald Trump reiterated his support for the Bitcoin mining industry on Wednesday after hosting a meeting with several executives from United States crypto mining firms.
Today was a historic moment in our journey towards hyperbitcoinization. The former and next President of the United States gathered America’s hashrate and committed to championing our cause in DC and on the global stage. Bitcoin will THRIVE in 🇺🇸
— David Bailey🇵🇷 $0.65mm/btc is the floor (@DavidFBailey) June 12, 2024
Orange Man+Orange Coin= Good pic.twitter.com/YhfzoJg19g
As Bitcoin Magazine reports, among the attendees were representatives from leading Bitcoin mining firms, including CleanSpark, Riot Platforms, Marathon Digital, and other notable industry players. Key figures present included S Matthew Schultz from CleanSpark, Jason Les and Brian Morgenstern of Riot Platforms, Salman Khan of Marathon Digital, and Terawulf board member Amanda Fabiano, formerly Head of Mining at Galaxy and Director of Bitcoin Mining at Fidelity.
Today, Riot CEO, @JasonLes_, and Riot’s Head of Public Policy, @MorgensternNJ, met with @realDonaldTrump to discuss #Bitcoin mining and energy. 🇺🇸
— Riot Platforms, Inc. (@RiotPlatforms) June 12, 2024
"President Trump will protect your right to own Bitcoin, to mine Bitcoin, to transact with Bitcoin, and for many of us, to work in… pic.twitter.com/T0CFKR3hOv
“Our industry has faced an enormous amount of political struggle, fueled by misinformation and misguided narratives,” TeraWulf’s Fabiano said on X.
“Our industry needs politicians that are interested in learning about the benefits of Bitcoin and Bitcoin mining.”
In a June 11 post on the Trump-owned Truth Social, the presidential candidate said he wanted “all the remaining Bitcoin to be MADE IN THE USA!!! [sic]” and claimed it would help the country be “energy dominant.”
He claimed Bitcoin was the country’s “last line of defense” against a central bank digital currency. Federal Reserve Chair Jerome Powell said in March the U.S. was “nowhere near recommending or let alone adopting a central bank digital currency in any form.”
Trump recently stressed that the United States must not settle for “second place” when it comes to crypto and even declared himself as the “crypto president” earlier in June.
Trump's supportive stance is in stark contrast to President Joe Biden's who has proposed a 30% electricity tax on Bitcoin miners in the country, with the sector is facing mounting political pressure over its emissions, energy consumption and possible impact on power grids.