In
a
notable
gathering
at
Mar-a-Lago
on
Tuesday
(June
11)
night,
former
President
Donald
Trump
met
with
key
figures
in
the
Bitcoin
mining
industry,
affirming
his
support
for
the
sector
and
pledging
to
advocate
for
its
interests
both
domestically
and
internationally.
Trump
expressed
a
deep
appreciation
for
the
role
of
miners
in
stabilizing
the
national
energy
grid
and
underscored
his
readiness
to
support
their
efforts
from
the
White
House.

Following
the
meeting,
the
Trump
campaign

posted
via
Truth
Social,
“VOTE
FOR
TRUMP!
Bitcoin
mining
may
be
our
last
line
of
defense
against
a
CBDC.
Biden’s
hatred
of
Bitcoin
only
helps
China,
Russia,
and
the
Radical
Communist
Left.
We
want
all
the
remaining
Bitcoin
to
be
MADE
IN
THE
USA!!!
It
will
help
us
be
ENERGY
DOMINANT!!!”

 

Trump
Commits
To
Bitcoin

David
Bailey,
CEO
of
Bitcoin
Magazine
and
a
notable
advocate
in

Trump’s
circle
for
BTC
policy,
conveyed
the
significance
of
the
event
on
X
(formerly
Twitter),

stating,
“Today
was
a
historic
moment
in
our
journey
towards
hyperbitcoinization.
The
former
and
next
President
of
the
United
States
gathered
America’s
hashrate
and
committed
to
championing
our
cause
in
DC
and
on
the
global
stage.
BTC
will
THRIVE
in
the
US.
Orange
Man+Orange
Coin=
Good.”

The
sentiment
was
echoed
by
several
industry
leaders
who
were
present.
Brian
Morgenstern,
Head
of
Public
Policy
at
Riot
Platforms
(NASDAQ:
RIOT),

highlighted
the
constructive
discussions,
remarking,
“Great
conversation
today
with
President
Trump
about
the
importance
of
Bitcoin
mining
&
energy
abundance
in
the
US.”

Jason
Les,
CEO
of
Riot,
also
commented
positively
on
the
discussions:
“Very
good
meeting
with
President
Trump
on
Bitcoin
and
US
energy
dominance!!!”

 

S
Matthew
Schultz,
Executive
Chairman
and
Co-Founder
of
Cleanspark,

shared
a
personal
note,
emphasizing
Trump’s
support
for
their
operations
in
states
like
Georgia,
Mississippi,
and
Wyoming,
“So.
I
just
ran
into
a
guy
that’s
a
huge
fan
of
Bitcoin
and
LOVES
what
we’re
doing
at
Cleanspark
in
Georgia
and
Mississippi
and
Wyoming.”

Adding
to
the
narrative,
Zach
Bradford,
CEO
of
Cleanspark
Inc.,
underscored
the
impact
of
BTC
mining
on
local
communities
and
infrastructure
development,
“We
work
hard
everyday
making
rural
Georgia
and
Mississippi
communities
Great.
BTC
mining
is
helping
to
build
the
infrastructure
of
the
future
and
we
are
working
hard
to
make
sure
as
America’s
Bitcoin
Miner
we
have
support
from
our
leaders
past,
present
and
future.”

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),

stressed
the
need
for
informed
political
support:
“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.”

 

Salman
Khan,
CFO
at
Marathon
Digital
(NASDAQ:
MARA),
added
his
perspective
on
the
bipartisan
discussions,
“Today,
I
met
former
President
Trump
to
discuss
important
bipartisan
issues
that
affect
our
ency.
We
appreciate
the
recognition
of
our
industry’s
importance
and
are
committed
to
advocate
for
its
future.”

This
meeting
comes
at
a
time
when
the
Biden
administration
and
Democratic
lawmakers
have
intensified
scrutiny
over
the
environmental
impact
of
BTC
mining.
Trump’s
proactive
stance,
including
his

promise
to
commute
the
sentence
of
Ross
Ulbricht
and
accept
BTC
and
crypto
for

campaign
donations,
signals
a
potential
shift
in
political
dynamics
that
could
influence
the
cryptocurrency
industry’s
trajectory.

At
press
time,
BTC
traded
at
$67,447.

Featured
image
from
X
@DavidFBailey,
chart
from
TradingView.com

Go to Source
Author: Jake Simmons

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