Former U.S. President Donald Trump voiced his backing for bitcoin mining.
He said this during a meeting with bitcoin miners at Mar-a-Lago, Florida.
Trump pledged to advocate for bitcoin mining in the White House, citing its positive impact on energy grid stability.
Representatives from CleanSpark Inc. and Riot Platforms were among attendees.
Trump’s pro-crypto stance coincides with his efforts to rally support for the upcoming November election.
Industry leaders, including Gemini founders, have lauded Trump’s embrace of cryptocurrency.
Additionally, Trump announced his campaign would accept political donations in cryptocurrencies, differentiating himself from Democrats like Biden and Elizabeth Warren.
Biden’s re-election campaign has been seeking guidance from the crypto industry on digital asset policies, marking a shift from the administration’s previous stance.
