Donald Trump held a meeting with several leaders of the Bitcoin (BTC) mining industry and reportedly promised to defend the sector if he is elected president again in November.
Among those who visited Trump at his Mar-a-Lago residence in Florida on June 11 were Riot Platforms CEO Jason Liss, the company’s public policy chief Brian Morgenstern, CleanSpark CEO, Matthew Schultz, and TeraWulf board member Amanda Fabiano, according to articles on X.
Fabiano posted that the group discussed with Trump how Bitcoin mining could help “strengthen the power grid and promote job creation.”
CleanSpark’s Schultz told Bloomberg that Trump promised to support the industry if elected president in November.
In a June 11 post on the Trump-owned Truth Social website, the presidential candidate said he wanted “all remaining Bitcoin to be made in the USA!!! (sic)” and claimed it would help the country become “energy dominant”.
“Our industry has faced enormous political struggles, fueled by misinformation and misleading narratives,” said Fabiano of TeraWulf on X. “Our industry needs politicians willing to recognize the benefits of Bitcoin mining and Bitcoin .”
President Joe Biden has proposed a 30% electricity tax on the nation’s Bitcoin miners, and the sector faces growing political pressure over its emissions, energy use and potential impact on power grids .
Trump previously said Bitcoin “looks like a scam” while he was president in 2021, but he recently changed his tune, in an apparent attempt to attract industry lobbyists who are now enjoying a comeback. money as the election approaches. 2024 presidential election scheduled for May 5. November. .
He recently emphasized that the United States should not settle for “second place” when it comes to cryptocurrencies, and even declared himself “president of crypto” earlier in June.
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The billionaire also began accepting cryptocurrencies to fund his presidential campaign late last month and hosted a dinner last month for holders of non-fungible Mugshot tokens.
Trump had his first meeting with his parole officer on June 10 after being convicted of 34 counts of falsifying business records on May 30.
The Hill newspaper, citing unnamed sources, reported that Trump conducted the virtual interview from his Mar-a-Lago resort, which was fairly “quiet” and lasted less than 30 minutes.
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