Trump Courts Bitcoin Miners, Assures White House Support

Coinedition2024/06/12 07:37

By:Nynu V Jamal

Former US President Donald Trump has had a meeting with prominent Bitcoin miners.
CleanSpark Inc. CEO Matthew Schultz praises Trump as a huge fan of Bitcoin.
Brian Morgenstern shares insights on Trump’s support for Bitcoin and Bitcoin mining.

Matthew Schultz, co-founder of Nasdaq-listed Bitcoin mining firm CleanSpark Inc., tagged former US President Donald Trump as a “huge fan of Bitcoin.” Following a meeting with Trump, Schultz posted on X about the 2024 Republican Presidential Candidate’s support for Bitcoin.

According to a recent Bloomberg report , Trump met with several Bitcoin miners at Mar-a-Lago on June 11. During the meeting, Trump expressed his enthusiasm for fostering Bitcoin mining, promising to be an advocate for miners in the White House.

Adding to the controversy surrounding President Joe Biden’s anti-crypto stance and Trump’s criticism, the latter stated that he loves and “understands” cryptocurrency. In a previous statement, Trump mocked Biden’s skeptical approach toward cryptocurrency, adding that Biden doesn’t understand what crypto is.

In his X post, Schultz said Trump “LOVES what we’re doing at CleanSpark Inc., in Georgia and Mississippi, and Wyoming.”

Jason Les, the CEO of North American Bitcoin mining firm Riot Platforms, had also met Trump at the event. Riot Platforms shared an X post about Les’ meeting with Trump to discuss Bitcoin mining and energy.

Brian Morgenstern, Head of Public Policy at Riot Platforms, also shared insights on Trump’s vow to support Bitcoin mining. He stated, “President Trump will protect your right to own Bitcoin, to mine Bitcoin, to transact with Bitcoin, and for many of us, to work in the Bitcoin industry.”

In the runup to the U.S. presidential election, Trump’s pro-crypto stance made headlines, as he welcomed campaign donations in crypto. His strong opposition to Biden’s anti-crypto policies and advocacy for a convenient regulatory framework has made him a fan favorite of the crypto masses.

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