United States President Donald Trump says he wants all future Bitcoin to be mined in the U.S. after meeting with key industry figures.
On June 12, Trump met with Riot Platforms CEO Jason Les and its head of public policy, Brian Morgenstern.
Afterward, Trump took to Truth Social to voice his support for domestic mining firms:
To gain an insider’s perspective on Trump’s Bitcoin (BTC) epiphany, Cointelegraph spoke with Greg Beard, CEO of Stronghold Digital Mining and former head of energy at Apollo.
“The U.S. is and should be a leader in supporting and securing Bitcoin as an alternative to the ever-deflating values of sovereign-backed currencies,” Beard affirmed.
Furthermore, according to Beard, U.S. President Joe Biden should join Trump in fighting Bitcoin’s corner:
“As Bitcoin miners, we’re a new and maturing industry. We believe in what we’re doing and we think Bitcoin is the right asset for American society and far beyond it. We hope to have the support of any administration.”
Beard may get his wish. Although the Biden camp has been less vocal in its support thus far, it is believed his campaign is working behind the scenes to facilitate crypto donations in the near future.
A big moment for Bitcoin
On X, the Bitcoin community responded positively to Trump’s intervention. Jan3 CEO Samson Mow was among the most bullish regarding the long-term implications of Trump’s support.
“I guarantee that this move from Trump will be discussed behind closed doors by governments around the world,” said Mow on June 13. “[Mainstream media] news outlets are already talking about it. We saw [the Industrial and Commercial Bank] in China embrace #Bitcoin yesterday. This is going to push everything ahead even more.”
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Another X user said, “If you don’t think Donald Trump is going to make the #Bitcoin price the daily numerical measure of the success of his second term, you don’t know Donald Trump at all.”
Not everyone was quite so impressed, however. Laura Shin, host of the Unchained Podcast, was one of the dissenting voices.
Shin asked,…
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