Donald Trump

Biden

Bitcoin

Fred Thiel, CEO of Bitcoin mining firm MARA, expressed concerns about the potential impact of Kamala Harris's presidential campaign on the crypto mining industry. Thiel suggested that Harris’s administration might continue the perceived anti-crypto stance of the Biden administration, which could negatively affect Bitcoin mining operations in the U.S. Thiel mentioned that despite efforts to engage with Harris's team, there has been little indication that the Democratic candidate would support the industry. according to <a href="https://cointelegraph.com/news/bitcoin-mining-mara-ceo-kamala-harris-platform" rel="noopener noreferrer nofollow">Cointelegraph</a>.
Thiel also noted that the Harris campaign has not yet addressed Bitcoin or blockchain technology, leaving the industry uncertain about her stance. He emphasized the importance of political support for Bitcoin, especially as other candidates like Donald Trump and Robert F. Kennedy Jr. have actively engaged with the industry. Both candidates have established platforms that are generally supportive of <a href="https://ultramining.com/news/en/russias-bitcoin-gold-rush-mining-machine-influx-outpaces-rest-of-the-world/" rel="noopener noreferrer nofollow">Bitcoin miners</a>, with Trump even pledging to have all Bitcoin “made in the USA.”
With the 2024 presidential race tightening, Thiel indicated that MARA might consider moving its operations outside the U.S. if Harris's policies appear unfavorable to Bitcoin mining. He emphasized his fiduciary responsibility to protect the interests of MARA’s shareholders, stating that it would be "insane" to support a candidate who could harm the industry. Thiel’s comments underscore the growing uncertainty within the crypto community as the U.S. approaches the 2024 election, with the future of Bitcoin mining in the country potentially at stake.

MARA CEO: Harris Presidency May Harm U.S. Bitcoin Mining

Ultramining_Eng

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