- Donald Trump, ‘crypto president,’ held a meeting with leading Bitcoin mining firms in Florida.
- The presidential candidate has inspired multiple memecoin creation in the past month.
The US presidential candidate Donald Trump has turned his focus on crypto mining according to sources on Wednesday. The former US president in a recent meeting has promised to advocate mining of the leading crypto asset. He has outlined Bitcoin mining as the final source of defense against CBDC. Trump is determined to make the US the largest miner, mining the remaining 1.3 million BTC.
On Tuesday night, Donald Trump held a meeting with Bitcoin miners at a Florida resort. In the meeting, Trump expressed his love for cryptocurrency and initiated discussions of reasons to support Bitcoin mining. Notable participants of the meeting included Nasdaq-listed Bitcoin mining firm CleanSpark Inc. ‘s and Riot platforms’s representatives. Some of them were later seen sharing photographs with the former president on their X accounts.
Moreover, CleanSpark co-founder Matthew Schultz stated in his X account that the presidential candidate expressed immense interest in the firm’s operations in Georgia, Mississippi, and Wyoming.
Furthermore, Trump stated that crypto mining contributes to stabilizing energy grids within the country. Over the past few months Trump has shown immense support to the sector and crypto leaders have reciprocated the same.
On the other hand, in a surprising transition, current president Joe Biden recently conducted an outreach program to major crypto firms. He asked for guidance from the firms on the crypto community and regulatory measures. However, despite Biden’s change in attitude, Trump still holds the lead in being pro-crypto within the country.
What Does Trump’s Crypto Stance Entail?
The presidential candidate, Trump has shown a notable change in his attitude towards cryptocurrency from earlier times. However, Trump and the community have collectively worked past differences as he establishes more organic relationships with leading crypto members presently.
Furthermore, Trump’s consistent crypto support has led to the origin of multiple Trump-based memecoins. During his criminal trial recently, the memecoins’ market prices skyrocketed. Additionally, the former president also stated that he would accept donations in the form of cryptocurrency.
While Trump’s crypto stance has received a positive outlook, there are still speculations about the motives of politicians in general towards the crypto sector.
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