According to Bloomberg, former U.S. President Donald Trump expressed support for Bitcoin mining during a meeting with some Bitcoin miners at his Mar-a-Lago estate on Tuesday (11th). Trump, who has recently taken a proactive stance in supporting cryptocurrency leading up to the upcoming November election, told attendees that he will advocate for miners in the White House, stating that Bitcoin miners help stabilize the energy supply of the grid.
Attendees at Trump’s Palm Beach resort included representatives from Nasdaq-listed Bitcoin mining companies CleanSpark and Riot Platforms, some of whom also took photos with the former president. CleanSpark co-founder S. Matthew Schultz wrote on the X platform that Trump’s support for cryptocurrency has won him support from many leaders in the industry, as evidenced by his recent $12 million fundraising event in Silicon Valley, where Gemini exchange founders Cameron and Tyler Winklevoss were reported to have attended. Last month, Trump announced that he will accept political donations in the form of cryptocurrency.
Meanwhile, The Block reported at the end of last month, citing sources, that Joe Biden’s reelection campaign team is seeking guidance on digital asset policy from members of the cryptocurrency industry, signaling a significant shift in the Biden administration’s attitude towards cryptocurrency.
Are Stablecoins Primarily Used for Money Laundering? Blockchain Analysis Firm Reports 99% of Stablecoin Transactions Will Be for Legitimate Purposes in 2024.
Table of Contents Toggle Stablecoin Usage Becomes Increasingly Compliant TRM …