American mining companies and the 2024 Presidential election
The Bitcoin mining industry in the United States has come under sharper focus after former President Trump declared that Bitcoin should be "made in the USA," and hosted a private meeting with industry leaders from Riot Platforms, CleanSpark, and TeraWulf.
A picture of Riot Platforms CEO Jason Les and former President Trump. Source: Jason Les.
In a June 12 social media post, the 2024 Presidential candidate argued that Bitcoin might be America's "last line of defense" against a central bank digital currency (CBDC), before suggesting that Bitcoin could make the United States energy dominant.
Trump's comments have ignited a firestorm within the crypto community, with some arguing that he has no idea about the crypto industry and is merely pandering for votes. However, others like Shapeshift founder Erik Vorhees say that the details behind Trump's comments are much less significant than the welcome gesture they represent.
Mining industry reacts
Immediately following Trump's meeting with mining industry players and his stated support for the broader crypto industry, executives from Marathon Digital Holdings, CleanSpark, and Riot Platforms launched "The Bitcoin Voter Project."
The 501(c)(4) non-profit organization is a non-partisan voter education initiative aimed at raising awareness and disseminating knowledge about the nascent digital asset market and the blockchain industry, rather than supporting any candidates or parties. #Write2Earn
