Gemini

Bitcoin

President Donald Trump

Donald Trump

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Former U.S. President Donald Trump has pledged support for bitcoin mining.</li>
 <li>Trump’s pro-crypto stance has garnered backing from several industry leaders.</li>
</ul>
<p>Former U.S. President Donald Trump has reportedly voiced his support for bitcoin mining during a recent meeting with several miners at his Mar-a-Lago resort.</p>
<h2 id="trump-s-pro-crypto-position">Trump’s Pro-Crypto Position</h2>
<p>In the run-up to the November elections, Trump has taken a noticeably pro-crypto stance. During the meeting, he reportedly promised to champion the cause of bitcoin mining, acknowledging the role miners play in maintaining the stability of the energy grid.</p>
<p>The meeting was attended by representatives from CleanSpark Inc., a bitcoin mining company listed on Nasdaq, and Riot Platforms. Some attendees shared photos with the former president on social media. S. Matthew Schultz, co-founder of CleanSpark, mentioned running into a bitcoin enthusiast who appreciated CleanSpark’s work in Georgia, Mississippi, and Wyoming.</p>
<h2 id="industry-support-for-trump">Industry Support for Trump</h2>
<p>Trump’s favorable attitude towards cryptocurrencies has earned him the support of several industry leaders. His recent fundraising event in Silicon Valley, which raised $12 million, was reportedly attended by Gemini founders Cameron and Tyler Winklevoss, among others. Trump also announced last month that he would accept political donations in the form of cryptocurrencies.</p>
<p>A statement from the Republican candidate emphasized Trump’s efforts to reduce regulations and promote innovation in financial technology. The statement contrasted these efforts with Democrats’ belief in government-led solutions.</p>
<p>In a related development, sources have indicated that President Joe Biden’s re-election campaign has been seeking guidance from the crypto industry on digital asset policies. This marks a departure from the administration’s previously skeptical stance on cryptocurrencies.</p>
<p>Requests for additional comments from Trump’s campaign were not immediately answered.</p>

Trump Pledges Support for Bitcoin Miners at the White House: Insights

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