Key Takeaways:
- Donald Trump advocates for Bitcoin mining in the USA to bolster energy dominance and counter central bank digital currencies.
- Trump met with crypto mining executives, highlighting job creation and grid strengthening as benefits of Bitcoin mining.
- His pro-Bitcoin stance contrasts with President Biden’s proposed 30% electricity tax on Bitcoin miners, aligning with the industry’s interests before the 2024 election.
Donald Trump has expressed strong support for the Bitcoin mining industry.
On June 11, he emphasized his desire for Bitcoin mining to be based in the USA, claiming it would help achieve energy dominance and serve as a defense against central bank digital currencies.
JUST IN: 🇺🇸 Donald Trump says "We want all the remaining #Bitcoin to be MADE IN THE USA!!!"
— Bitcoin Magazine (@BitcoinMagazine) June 12, 2024
"It will help us be ENERGY DOMINANT!!!" pic.twitter.com/rx1epjVaKX
This stance was reaffirmed after a meeting with executives from major U.S. crypto mining firms, where they discussed the potential benefits of Bitcoin mining for job creation and strengthening the electrical grid.
Trump’s support contrasts with President Joe Biden’s proposal of a 30% electricity tax on Bitcoin miners.
JUST IN: 🇺🇸 Former President Donald Trump says "#Bitcoin mining may be our last line of defense against a CBDC."
— Watcher.Guru (@WatcherGuru) June 12, 2024
"We want all the remaining Bitcoin made in the USA!" pic.twitter.com/aKPoFW58EO
Trump, who previously criticized Bitcoin, now seeks to align with the industry’s interests ahead of the 2024 presidential election.
He has also started accepting cryptocurrency donations for his campaign and hosting events for crypto enthusiasts.
🇺🇸TRUMP: “We want all the remaining #Bitcoin to be MADE IN THE USA!" pic.twitter.com/6tEcuSrOYV
— Bitcoin Archive (@BTC_Archive) June 12, 2024
Additionally, Trump had a parole officer meeting following his conviction on multiple felony counts for falsifying business records.
About The Author
Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
His articles offer a deep dive into the latest trends, projects, and technological advancements shaping the future of digital finance.
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