The presidential candidate showed his support for the crypto mining industry after executives pitched him on how they could strengthen the electrical grid and create new jobs.
Donald Trump reiterated his support for the Bitcoin mining industry on Wednesday after hosting a meeting with several executives from United States crypto mining firms.
In a June 11 post on the Trump-owned Truth Social, the presidential candidate said he wanted “all the remaining Bitcoin to be MADE IN THE USA and claimed it would help the country be “energy dominant.”
He claimed Bitcoin was the country’s “last line of defense” against a central bank digital currency. Federal Reserve Chair Jerome Powell said in March the U.S. was “nowhere near recommending or let alone adopting a central bank digital currency in any form.”Our industry has faced an enormous amount of political struggle, fueled by misinformation and misguided narratives,” TeraWulf’s Fabiano said on X. “Our industry needs politicians that are interested in learning about the benefits of Bitcoin and Bitcoin mining.”
It comes after Trump earlier hosted Bitcoin miners at his Florida Mar-a-Lago residence, including Riot Platforms CEO Jason Les and the firm’s public policy head Brian Morgenstern, CleanSpark executive chairman Matthew Schultz, and TeraWulf board member Amanda Fabiano, according to posts on X.
Fabiano posted that the group discussed with Trump how Bitcoin mining can help with “strengthening the electrical grid and fostering job creation.”
