United

Jerome Powell

Bitcoin

Joe Biden

Donald Trump

<a href="https://bitcoinworld.co.in/donald-trump-wants-bitcoin-made-in-the-usa-after-hosting-mining-industry-heads/" title="Donald Trump Wants Bitcoin ‘Made In The USA’ After Hosting Mining Industry Heads" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">Presidential candidate Donald Trump said he wanted “all the remaining Bitcoin to be MADE IN THE USA!!! [sic]” and claimed it would help the country be “energy dominant.”</li>
</ul>
The presidential candidate showed his support for the crypto mining industry after executives pitched him on how they could strengthen the electrical grid and create new jobs.
Donald Trump reiterated his support for the Bitcoin mining industry on Wednesday after hosting a meeting with several executives from United States crypto mining firms.
In a June 11 <a href="https://truthsocial.com/@realDonaldTrump/posts/112601639679885930" rel="noopener noreferrer nofollow">post</a> on the Trump-owned Truth Social, the presidential candidate said he wanted “all the remaining Bitcoin to be MADE IN THE USA!!! [sic]” and claimed it would help the country be “energy dominant.”
He claimed Bitcoin (BTC) was the country’s “last line of defense” against a central bank digital currency.&nbsp;
Federal Reserve Chair Jerome Powell said in March the US was “nowhere near recommending or let alone adopting a central bank digital currency in any form.”
It comes after Trump earlier hosted Bitcoin miners at his Florida Mar-a-Lago residence, including Riot Platforms CEO Jason Les and the firm’s public policy head Brian Morgenstern, CleanSpark executive chairman Matthew Schultz and TeraWulf board member Amanda Fabiano, according to <a href="https://twitter.com/_amanda_fab/status/1800685641010708678" rel="noopener noreferrer nofollow">posts</a> on X.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Our industry has faced an enormous amount of political struggle, fueled by misinformation and misguided narratives.
 Our industry needs politicians that are interested in learning about the benefits of Bitcoin and Bitcoin mining.
 We must encourage growth of the Bitcoin mining… <a href="https://t.co/jLtV8uXJwP" rel="noopener noreferrer nofollow">pic.twitter.com/jLtV8uXJwP</a>
 — Amanda Fabiano (@_amanda_fab) <a href="https://twitter.com/_amanda_fab/status/1800685641010708678?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 12, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Fabiano posted that the group discussed with <a href="https://bitcoinworld.co.in/donald-trump-wants-to-be-the-crypto-president/" rel="noopener noreferrer nofollow">Trump</a> how Bitcoin mining can help with “strengthening the electrical grid and fostering job creation.”
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Very good meeting with President Trump on <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> and U.S. energy dominance!!! <a href="https://t.co/gvjYO6KNAt" rel="noopener noreferrer nofollow">pic.twitter.com/gvjYO6KNAt</a>
 — Jason Les (@JasonLes_) <a href="https://twitter.com/JasonLes_/status/1800678181893980669?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 11, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
CleanSpark’s Schultz told Bloomberg that Trump promised to support the sector should he be elected president in November.
“Our industry has faced an enormous amount of political struggle, fueled by misinformation and misguided narratives,” TeraWulf’s Fabiano said on X.&nbsp;
“Our industry needs politicians that are interested in learning about the benefits of Bitcoin and Bitcoin mining.”
President Joe Biden has proposed a 30% electricity tax on Bitcoin miners in the country, and the sector is facing mounting political pressure over its emissions, energy consumption and possible impact on power grids.
Trump previously said Bitcoin “seems like a scam” while serving as president in 2021 but has recently changed tact in an attempt to court the industry’s now cash-flush lobbying groups in the lead-up to the 2024 presidential election slated for Nov. 5.
He recently stressed that the United States must not settle for “second place” when it comes to crypto and even declared himself as the “crypto president” earlier in June.
The billionaire also started accepting crypto to fund his presidential campaign in May and hosted a dinner for holders of his Mugshot non-fungible tokens.
Trump had his first parole officer meeting on June 10 after he was found guilty on 34 felony counts for falsifying business records on May 30.
Trump took the virtual interview from his Mar-a-Lago resort, which was rather “uneventful” and lasted less than 30 minutes, The Hill reported, citing unnamed sources.

Donald Trump Wants Bitcoin ‘Made In The USA’ After Hosting Mining Industry Heads

ItsBitcoinWorld

Other articles published on Jun 12, 2024

Essential Guide: Participating in Crypto Presales in 2024 – Everything You Need to Know

Tron Investors Boost TRX Price

The World’s First Crypto Space Bank will be established by IKAR Holdings and Unify Platform AG (1...

Qubetics Whitelist Open: An Exclusive Opportunity Amid Cardano's Price Stagnation and Ethereum's ...

Altcoins Bleed Against Bitcoin: Is the Market Waiting for the ETH ETF?

Ethereum ETF Suspense Sends ETH Tumbling – Is Further Decline Inevitable?

Join our free newsletter for daily crypto updates!