Today, a historic meeting took place between former President Donald Trump, Bitcoin Magazine’s CEO David Bailey, and prominent U.S. Bitcoin miners. During the meeting, Trump pledged to support and champion Bitcoin mining both in Washington D.C. and on the global stage. This commitment marks a significant moment in the journey towards hyperbitcoinization.
Attendees at the meeting included representatives from leading Bitcoin mining firms such as CleanSpark, Riot Platforms, Marathon Digital, and other 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 Amanda Fabiano of Fabiano Consulting. These industry leaders gathered to discuss the future of Bitcoin mining in the United States under Trump’s leadership.
Trump’s supportive stance on Bitcoin stands in stark contrast to his competitor, Joe Biden. The current administration, led by Biden, has taken a more hostile approach towards the industry, showing reluctance to embrace Bitcoin and other cryptocurrencies. Biden’s administration has been viewed as less supportive of Bitcoin and more in favor of a Central Bank Digital Currency (CBDC).
Recently, Trump made history by becoming the first U.S. President to accept Bitcoin Lightning Network donations. He reiterated his desire to see the future of crypto in America and not driven overseas by harsh regulations. Trump also expressed his support for the right to self-custody for the nation’s 50 million crypto holders. These actions have garnered substantial backing for Trump from the cryptocurrency community.
As Trump leads in the presidential race, his support for Bitcoin and cryptocurrency could be a significant factor in securing a win in November. With over 50 million Bitcoin and cryptocurrency holders in the United States, Trump’s commitment to the industry holds the potential to sway voters who are passionate about the future of digital currency. Trump’s advocacy for Bitcoin mining and the crypto industry could play a pivotal role in shaping the country’s approach to cryptocurrencies in the coming years.
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