In a remarkable gathering at Mar-a-Lago on Tuesday (June 11) night, former President Donald Trump met with key figures in the Bitcoin mining industry, confirming his support for the industry and promising to represent its interests both internally and externally. Trump expressed deep gratitude for the role of miners in stabilizing the national energy grid and emphasized his readiness to support their efforts from the White House.
After the rally, the Trump campaign posted via Truth Social, “VOTE FOR TRUMP! Bitcoin mining may be our last line of defense against CBDC. Biden’s hatred of Bitcoin only helps China, Russia, and the Radical Communist Left. We want all Bitcoin made in the USA!!! It will help us control the POWER!!!”
Trump is committed to Bitcoin
David Bailey, CEO of Bitcoin Magazine and a leading advocate in Trump’s BTC policy circle, conveyed the significance of the event on X (formerly of Twitter), saying, “Today was a milestone in our journey towards hyperbitcoinization. The former and next President of the United States rallied America’s hashrate and committed to fighting for our cause in DC and on the world stage. BTC will succeed in the US. Orange Man+Orange Coin= Good.”
This view was echoed by many industry leaders in attendance. Brian Morgenstern, Head of Public Policy at Riot Platforms (NASDAQ: RIOT), highlighted the constructive discussions, noting, “Great conversation today with President Trump about the importance of Bitcoin mining & the energy glut in the US.”
Jason Les, CEO of Riot, also commented positively on the interviews: “Great meeting with President Trump about Bitcoin and US power!!!”
US Matthew Schultz, Executive Chairman and Founder of Cleanspark, shared a personal note, emphasizing Trump’s support for their efforts in states such as Georgia, Mississippi, and Wyoming, “So. I just met a guy who is a huge fan of Bitcoin and he LOVES what we are doing at Cleanspark in Georgia and Mississippi and Wyoming.”
Adding to the story, Zach Bradford, CEO of Cleanspark Inc., emphasized the impact of BTC mining on local communities and infrastructure development, “We work hard every day to make rural communities in Georgia and Mississippi Great. BTC mining is helping to build the infrastructure for the future and we are working hard to ensure that as America’s Bitcoin Miner we have the support of our past, present and future leaders.”
The dialogue also covered the political struggles and misconceptions surrounding the mining industry. Amanda Fabiano, founder of Fabiano Consulting and board member at Terawulf Inc. (NASDAQ: WULF), emphasized the need for informed political support: “Our industry has faced a tremendous amount of political struggle, fueled by misinformation and false narratives. Our industry needs politicians who are interested in learning about the benefits of Bitcoin and Bitcoin mining.”
Salman Khan, CFO at Marathon Digital (NASDAQ: MARA), added his perspective on bipartisan discussions, “Today, I met with former President Trump to discuss important bipartisan issues affecting our organization. We appreciate the recognition of the importance of our industry and we are determined to represent its future.”
The meeting comes at a time when the Biden administration and Democratic lawmakers have stepped up scrutiny of the environmental impact of BTC mining. Trump’s strong stance, including his promise to overturn Ross Ulbricht’s sentence and accept BTC and crypto for campaign donations, indicates a potential shift in political change that could affect the direction of the cryptocurrency industry.
At press time, BTC traded at $67,447.
Featured image from X @DavidFBailey, chart from TradingView.com
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