After making cryptocurrencies one of the main considerations of his campaign in the upcoming presidential elections, former United States President Donald Trump has pledged to champion Bitcoin (BTC) miners in the White House if he secures the presidency.
Indeed, Trump recently met with several Bitcoin miners at his Mar-a-Lago resort in Palm Beach, Florida, on June 11 and has told them that he loves and understands the crypto sector, according to Matthew Shultz, executive chairman at a major crypto mining company CleanSpark (NASDAQ: CLSK).
So. I just ran into a guy that’s a huge fan of #bitcoin and LOVES what we’re doing at @CleanSpark_Inc in #georgia and #mississippi and #wyoming. pic.twitter.com/ofSXJGWWfn
— S Matthew Schultz (@smatthewschultz) June 11, 2024Furthermore, Shultz said that the former US president had expressed his belief that miners of the flagship decentralized finance (DeFi) asset can assist in stabilizing energy supply from the grid, a stance he promised to advocate for if elected in the White House.
Donald Trump’s post on Bitcoin mining. Source: Truth Social
Trump v. Biden: Crypto issue
As a reminder, the (repeat) presidential hopeful has significantly shifted his position toward crypto assets in the past years, moving away from the view that they “are not money” and “can facilitate unlawful behavior, including drug trade and other illegal activity,” as he argued back in 2019.
However, he has since done a 180 on the matter, recently stating he was “fine with crypto,” pointing out at the differences on this issue between him and his rival in the presidential race, the incumbent US President Joe Biden, as well as starting to accept campaign donations in digital currencies.
BREAKING: DONALD TRUMP IS FINE WITH CRYPTO pic.twitter.com/SCJDKdHQUB
— Frank (@frankdegods) May 9, 2024At the same time, Biden has apparently made a surprising change in relationship with the crypto industry as well, as his team has started to approach key crypto industry participants, seeking insights and advice on “crypto community and policy moving forward,” as Finbold reported on May 30.
