In Florida, the ‘crypto president’ Donald Trump met with top Bitcoin mining companies. The US presidential candidate has inspired the creation of multiple memecoins in recent months. Sources revealed that Trump has shifted his focus to crypto mining. During a recent meeting, the former president pledged to support the mining of the leading cryptocurrency, Bitcoin. He emphasized Bitcoin mining as a crucial defense against CBDC and is determined to make the US the largest miner, targeting the remaining 1.3 million BTC.
At a Florida resort on Tuesday night, Donald Trump convened with Bitcoin miners. He expressed his enthusiasm for cryptocurrency and initiated discussions on the importance of supporting Bitcoin mining. Representatives from Nasdaq-listed Bitcoin mining firm CleanSpark Inc. and Riot platforms were among the notable participants. Some of them later shared photos with the former president on their social media accounts.
CleanSpark co-founder Matthew Schultz shared on social media that Trump showed keen interest in the firm’s operations in Georgia, Mississippi, and Wyoming. Trump also highlighted the role of crypto mining in stabilizing the country’s energy grids. His unwavering support for the sector has garnered positive feedback from crypto leaders.
In a surprising move, current president Joe Biden recently reached out to major crypto firms for guidance on the crypto community and regulatory measures. Despite Biden’s shift in approach, Trump maintains a leading position as a proponent of cryptocurrency within the country.
Trump’s evolving stance on crypto has been met with approval from the community. His consistent support has led to the creation of various Trump-themed memecoins, which saw a surge in market prices during his criminal trial. Additionally, the former president announced that he is willing to accept cryptocurrency donations.
While Trump’s pro-crypto stance is well-received, there are still concerns about politicians’ motives towards the crypto sector. In today’s crypto news, Bitcoin miners are liquidating reserves amid the ongoing market slump.
