Donald Trump Doubles Down On Support For Crypto, Wants All Remaining Bitcoin Made In The USA

Updated: 12 June 2024

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Former US President Donald Trump says he wants all Bitcoin that has not been mined yet to be made in the USA as he reiterates his pro-crypto stance ahead of the November Presidential elections.

“Bitcoin mining may be our last line of defense against a CBDC,” Trump said in a Jun. 11 post on Truth Social. “Biden’s hatred of Bitcoin only helps China, Russia, and the Radical Communist Left.”

Trump Meets With Miners In Push To Have Remaining BTC Made In The USA

During a meeting on June 11 night with several Bitcoin miners at Mar-a-Lago, Trump said he will advocate for the BTC mining industry if elected

Attendees of the event included representatives from the Nasdaq-listed mining firm CleanSpark Inc. and Riot Platforms.

“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,” the firm’s co-founder S. Matthew Schultz said in a Jun. 12 post on X, referring to his meeting with Trump.

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, 2024

Crypto Becoming A Hot Topic In American Politics

Trump’s support of BTC miners comes amid the growing focus on crypto in American politics. Trump was the first presidential candidate to develop a pro-crypto stance after his campaign announced that it would accept donations in crypto.

Current President Joe Biden responded by reaching out to crypto industry players as well.

“Trump has reduced regulations and championed innovation in financial technology, while Democrats, like Biden and his official surrogate Elizabeth Warren, continue to believe only government has the answers to how our nation leads the world,” Trump’s campaign said in a statement last month.

Meanwhile, billionaire Mark Cuban warned Biden’s campaign that the President’s loyalty to Securities and Exchange Commision (SEC) Chairman Gary Gensler might cost him the election.

He added that crypto voters will be heard in this upcoming election, which may prove detrimental to Biden given Gensler’s aggressive approach to regulating the digital asset industry.