Former President Donald Trump has publicly expressed his support for crypto miners. This position was expressed on Tuesday during a major gathering at Mar-a-Lago, which hosted key figures from the cryptocurrency mining sector.
Trump's pro-crypto stance could rally support from tech-savvy voters and key stakeholders in the digital assets industry.
Donald Trump meets with the CEO of CleanSpark and Riot platforms
partner Matthew Schultz, CEO of CleanSpark Inc, shared insights from the event, during which Trump expressed his understanding and appreciation. For cryptocurrencies. Jason Lees, CEO of Riot Pads, and Brian Morgenstern, director of public policy, also met with Trump.
And he said Morgenstern: “President Trump will protect your right to own Bitcoin, mine Bitcoin, transact with Bitcoin, and, for many of us, work in the Bitcoin industry. »
Trump highlighted the role of Bitcoin mining in stabilizing the energy grid and outlined his support for the sector. Underscoring his energy dominance, Trump has pledged to defend these technologies, especially if he returns to the White House.
“We want all remaining bitcoins to be made in the United States. This will help us dominate the energy sector.".
Cryptocurrencies between Donald Trump's hammer and Joe Biden's hard place!
These developments come at a time when workers are facing... Cryptocurrency mining They have come under scrutiny over their environmental impact and the strain they put on local power grids. Trump's support could have a significant impact on public and political perceptions, which could impact the broader discourse about the industry.
In February, the US Energy Information Administration (EIA) began collecting data on the amount of electricity used by crypto miners. However, this initiative was met with strong resistance, leading to a court order temporarily halting data collection.
Additionally, the Biden administration is taking decisive steps toward... Regulation of digital assets, citing environmental sustainability. One notable action by the Treasury Department is proposing a 30% tax on electricity used by cryptocurrency mining companies by 2025, contained in the FY 2025 revenue proposals.
In return, Trump is actively engaging with the crypto community to advance his political comeback. At the recent Libertarian Party conference, he pledged to commute Ross Ulbricht's sentence and announced that his campaign would accept crypto donations. His involvement was further highlighted at a fundraiser that attracted the likes of the Winklevoss twins and raised $12 million to support his campaign against Joe Biden.
Read more: Opportunity or threat? Controversy surrounding the legalization of cryptocurrencies
Trump's renewed focus appears to be on... Cryptocurrencies This is a strategic move to attract new voters, positioning digital assets as a key part of its platform. This position stands in stark contrast to the current administration's approach, which leans heavily toward strict regulations.
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