Bitcoin

David

President Donald Trump

Donald Trump

David Bailey, CEO of Bitcoin Magazine and cryptocurrency aide for the Trump campaign, has announced that former President Donald Trump will participate in a Presidential Roundtable on domestic Bitcoin mining. This event, part of Trump’s new cryptocurrency-friendly policy, will include prominent <a href="https://ultramining.com/news/en/senator-lummis-pushes-for-crypto-regulation-amid-sec-lawsuits/" rel="noopener noreferrer nofollow">U.S.</a> <a href="https://ultramining.com/news/en/russias-bitcoin-gold-rush-mining-machine-influx-outpaces-rest-of-the-world/" rel="noopener noreferrer nofollow">Bitcoin miners</a>. However, Bailey did not disclose the specific attendees, according to <a href="https://news.bitcoin.com/trump-campaign-crypto-aide-announces-presidential-roundtable-on-domestic-bitcoin-mining" rel="noopener noreferrer nofollow">Bitcoin.com</a>.
Bailey described the event as "history in the making," emphasizing that it will feature key figures from the <a href="https://ultramining.com/news/en/texas-residents-challenge-bitcoin-mining-industrys-impact-on-power-grid-and-communities/" rel="noopener noreferrer nofollow">mining industry</a> meeting with Trump, who he referred to as the “next president of the <a href="https://ultramining.com/news/en/pennsylvania-a-new-hub-for-cryptomining-ignites-environmental-concerns/" rel="noopener noreferrer nofollow">United States</a>.” Despite the lack of details on the participating companies or miners, Bailey assured that well-known industry actors would be involved, expressing confidence that they would make a strong first impression.
Trump's shift towards a pro-crypto stance was first signaled during a non-fungible token (NFT) gala in May, where he announced his campaign’s acceptance of cryptocurrency donations. He criticized President Joe Biden’s understanding of cryptocurrency and vowed to create a supportive environment for crypto in the U.S., contrasting with the current administration’s policies. Trump even suggested the potential of using Bitcoin to address the $35 trillion U.S. national debt.
Bailey highlighted the significance of the mining industry's role in this initiative, praising their efforts to engage with political leaders and influence policy. This roundtable signifies a growing recognition of cryptocurrency’s importance in the political arena and the economy.

Trump Campaign to Host Presidential Roundtable on Bitcoin Mining

Ultramining_Eng

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