Former President Donald Trump will participate in a Presidential Roundtable on domestic bitcoin mining, announced David Bailey, CEO of Bitcoin Magazine and cryptocurrency aide to the Trump campaign. This event is part of Trump’s new cryptocurrency-friendly policy.
Trump’s Involvement in Bitcoin Mining Roundtable
David Bailey recently announced that Trump would take part in a “Presidential Roundtable on domestic bitcoin mining,” calling the event “history in the making.” He emphasized that it would feature significant players from the mining industry meeting with the “next president of the United States.” However, Bailey did not disclose which companies or individual miners would be involved.
In a subsequent post on X, Bailey mentioned that recognized industry actors would attend, stating, “The mining industry has stepped up in a big way—they’re going to make a great first impression.”
Trump’s Shift Toward Crypto
Trump has shown a notable shift in his stance on cryptocurrency. During a non-fungible token (NFT) gala in May, he revealed that his campaign would accept cryptocurrency donations and criticized President Joe Biden’s lack of awareness about crypto. Trump committed to stopping the Biden administration’s efforts to “crush crypto” and promised to foster the future of crypto in the U.S., rather than pushing companies overseas.
Also Read: Trump Declares Himself “Crypto President” at San Francisco
Trump even inquired about the potential of using bitcoin to address the “$35 trillion U.S. national debt problem,” indicating his growing interest in the cryptocurrency sector.
Significance of the Roundtable
The upcoming roundtable signifies the increasing importance of cryptocurrency in the U.S. presidential campaign. By engaging directly with major players in the bitcoin mining industry, Trump aims to position himself as a pro-crypto candidate, attracting support from the cryptocurrency community.
