Donald Trump Bitcoin

Trump Wants Bitcoin “Made in the USA” After Hosting Mining Industry Heads

(ZeroHedge)—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.

As Bitcoin Magazine reports, among the attendees were representatives from leading Bitcoin mining firms, including CleanSpark, Riot Platforms, Marathon Digital, and other notable industry players. Key figures present included S Matthew Schultz from CleanSpark, Jason Les and Brian Morgenstern of Riot Platforms, Salman Khan of Marathon Digital, and Terawulf board member Amanda Fabiano, formerly Head of Mining at Galaxy and Director of Bitcoin Mining at Fidelity.

“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.”

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!!! [sic]” 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.”

Trump recently stressed that the United States must not settle for “second place” when it comes to crypto and even declared himself as the “crypto president” earlier in June.

Trump’s supportive stance is in stark contrast to President Joe Biden’s who has proposed a 30% electricity tax on Bitcoin miners in the country, with the sector is facing mounting political pressure over its emissions, energy consumption and possible impact on power grids.