Trump Demands ‘Made in the USA’ Bitcoin After Hosting Top Miners

Last Updated on June 12, 2024

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Vote election campaign badge button Trump on red background. Source: sofirinaja -

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.

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.

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.

Additionally, Trump had a parole officer meeting following his conviction on multiple felony counts for falsifying business records.

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