At a notable rally at Mar-a-Lago on Tuesday evening (June 11), former President Donald Trump met with key figures in the Bitcoin mining industry, affirming his support for the sector and pledging to defend its interests both nationally and internationally. Trump expressed his deep appreciation of the miners’ role in stabilizing the nation’s energy grid and emphasized his willingness to support their efforts from the White House.
After the meeting, the Trump campaign job via Truth Social, “VOTE FOR TRUMP!” Bitcoin mining could 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 remaining Bitcoins to be MADE IN THE USA!!! This will help us to be ENERGY DOMINANT!!!
Trump commits to Bitcoin
David Bailey, CEO of Bitcoin Magazine and a prominent advocate of Trump’s circle for BTC policy, conveyed the importance of the event on X (formerly Twitter), declaring“Today was a historic moment in our journey to hyperbitcoinization. The former and next president of the United States brought together the American hashrate and committed to championing our cause in Washington and on the global stage. WILL THRIVE in the United States. Orange Man + Orange Coin = Good.
This sentiment was echoed by several industry executives in attendance. Brian Morgenstern, Head of Public Policy at Riot Platforms (NASDAQ: RIOT), Underlines the constructive discussions, remarking: “Great conversation today with President Trump about the importance of Bitcoin mining and energy abundance in the United States.”
Jason Les, CEO of Riot, also commented positively on the discussions: “Very good meeting with President Trump on Bitcoin and American energy domination!!! »
S Matthew Schultz, Executive Chairman and Co-Founder of Cleanspark, sharing a personal note, highlighting Trump’s support for their operations in states like Georgia, Mississippi and Wyoming: “So. I just met a guy who is a huge fan of Bitcoin and LOVES what we do at Cleanspark in Georgia, Mississippi and Wyoming.
Adding to the story, Zach Bradford, CEO of Cleanspark Inc., highlighted the impact of BTC mining on local communities and infrastructure development: “We work hard every day to make rural communities in Georgia and Mississippi wonderful. BTC mining is helping build the infrastructure of the future and we are working hard to ensure that as a US Bitcoin miner we have the support of our past, present and future leaders.
The dialogue also touched on political struggles and misconceptions surrounding the mining industry. Amanda Fabiano, founder of Fabiano Consulting and member of the board of directors of Terawulf Inc. (NASDAQ: WULF), stress the need for informed political support: “Our industry has faced enormous political struggles, fueled by misinformation and false narratives. Our industry needs politicians interested in learning more about the benefits of Bitcoin and Bitcoin mining.
Salman Khan, CFO of Marathon Digital (NASDAQ: MARA), added his views on the bipartisan discussions: “Today, I met with former President Trump to discuss important bipartisan issues affecting our entity. We appreciate the recognition of the importance of our industry and are committed to defending its future.
This meeting comes at a time when the Biden administration and Democratic lawmakers have stepped up their scrutiny of the environmental impact of BTC mining. Trump’s proactive stance, including his promise to commute Ross Ulbricht’s sentence and accept BTC and crypto for campaign donationssignals a potential shift in political dynamics that could influence the trajectory of the cryptocurrency sector.
At press time, BTC was trading at $67,447.
Featured image of X @DavidFBailey, chart by TradingView.com
