Donald Trump doubles down on his support for cryptocurrencies and wants all remaining Bitcoin to be made in the US

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Former president of the United States donald trump says he wants all bitcoin not yet mined to be manufactured in the US, as he reiterates his pro-cryptocurrency stance ahead of November's presidential election.

“bitcoin mining may be our last line of defense against a CBDC,” Trump said in a June 11 post on Truth Social. ““Biden’s hatred of bitcoin only helps China, Russia, and the radical communist left.”

Trump meets with miners to push for remaining btc to be manufactured in the US

During a meeting on the night of June 11 with several bitcoin miners at Mar-a-Lago, Trump said that wBad defender of the btc mining industry if elected.

Among those attending the event were representatives from Nasdaq-listed mining company CleanSpark Inc. and Riot Platforms.

“I just ran into a guy who is a big fan of bitcoin and loves what we are doing at CleanSpark Inc. in Georgia, Mississippi and Wyoming,” company co-founder S. Matthew Schultz said in a post on June 12 in x., referring to his meeting with Trump.

So. I just met a guy who is a big fan of twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin and LOVE what we are doing in twitter.com/CleanSpark_Inc?ref_src=twsrc%5Etfw”>@CleanSpark_Inc in twitter.com/hashtag/georgia?src=hash&ref_src=twsrc%5Etfw”>#Georgia and twitter.com/hashtag/mississippi?src=hash&ref_src=twsrc%5Etfw”>#Mississippi and twitter.com/hashtag/wyoming?src=hash&ref_src=twsrc%5Etfw”>#Wyoming. pic.twitter.com/ofSXJGWWfn

– S. Matthew Schultz (@smatthewschultz) twitter.com/smatthewschultz/status/1800673786045530288?ref_src=twsrc%5Etfw”>June 11, 2024

Cryptocurrencies are becoming a hot topic in American politics

Trump's support for btc miners comes amid the growing focus on cryptocurrencies in US politics. Trump was the first presidential candidate to develop a pro-cryptocurrency stance after his campaign announced that he would accept cryptocurrency donations.

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

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

Meanwhile, billionaire Mark Cuban warned Biden's campaign claims the president's loyalty to Securities and Exchange Commission (SEC) Chairman Gary Gensler could 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.

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