According to a Bloomberg report, former US President Donald Trump expressed support for bitcoin mining during a Tuesday night meeting with several bitcoin miners at his luxury Mar-a-Lago resort.
Trump, who recently took a pro-cryptocurrency stance for the upcoming November election, reportedly told participants that he would support bitcoin mining at the White House (referring to if he was re-elected President), said that miners contribute to the stability of the power grid.
Those attending the meeting at Trump's Palm Beach resort included representatives from Nasdaq-listed bitcoin mining company CleanSpark Inc. and Riot Platforms, some of whom posted photos with the former president.
“I just met someone who is a huge fan of bitcoin and loves what we are doing at CleanSpark Inc. in Georgia, Mississippi and Wyoming,” S. Matthew Schultz, co-founder of CleanSpark, wrote in his X post.
Trump's advocacy for cryptocurrencies has won support from some industry leaders, as seen in his recent $12 million fundraising event in Silicon Valley, which was reportedly attended by Joined by Gemini founders Cameron and Tyler Winklevoss, among others. Last month, Trump announced that he would accept political donations in the form of cryptocurrency.
“President Trump has reduced regulation and championed innovation in financial technology, while Democrats, like Biden and Senator Elizabeth Warren, continue to believe that government alone has the answers. words about how our country leads the world,” the Republican candidate's statement said.
Meanwhile, President Joe Biden's re-election campaign is reaching out to members of the crypto industry for input on digital asset policies. This approach marks a significant change from the Biden administration's unsympathetic stance toward cryptocurrencies.
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