đšTrumpâs Unexpected Support for Bitcoin Mining: Game-Changer for Crypto? đ„đ
In an electrifying turn of events, former President Donald Trump recently pledged his support for the Bitcoin mining industry during a high-profile meeting at his Mar-a-Lago residence in Florida. The June 11 gathering featured industry heavyweights like Riot Platforms CEO Jason Les, CleanSpark's executive chairman Matthew Schultz, and TeraWulf board member Amanda Fabiano. đïžđŒ
"Bitcoin Made in the USA!" đșđžđȘ
Trump vowed to back the Bitcoin mining sector if he wins the upcoming presidential election. He took to Truth Social to declare his ambition for "all remaining Bitcoin to be MADE IN THE USA!!!" highlighting the potential for energy dominance and job creation. âĄđŒ
Addressing the Challenges đȘđ ïž
Amanda Fabiano shed light on the industry's political struggles, emphasizing the need for informed politicians who understand Bitcoin's benefits. This comes in stark contrast to President Joe Biden's proposed 30% electricity tax on Bitcoin miners, citing environmental and energy concerns. đđ
A Shift in Stance? đđ€
Interestingly, Trump, who once labeled Bitcoin a "scam" in 2021, now appears to embrace the crypto world. Dubbed the "crypto president," he's not only changed his tune but also started accepting cryptocurrency donations for his campaign and hosted a dinner for Mugshot NFT holders. đ©đ°
An Eventful Week đ đą
Amid his crypto advocacy, Trump attended his first parole officer meeting following his conviction on 34 felony counts for falsifying business records. This virtual meeting was reported as "uneventful," wrapping up a whirlwind week. đȘïžđ
Curious about how Trump's newfound crypto enthusiasm could reshape the industry? đ€đĄ
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