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Eric Trump shared a photo on social media showing himself and MicroStrategy Executive Chairman Michael Saylor at Mar-a-Lago, with a caption reading "Two friends, one passion: Bitcoin." The meeting comes after Saylor's recent statement on Bloomberg about his willingness to advise Donald Trump on Bitcoin matters.
This meeting follows a pattern of Bitcoin-related engagements by the Trump family. In 2024, the President-elect invited American Bitcoin mining companies to Mar-a-Lago to learn about the industry's needs. Both Eric Trump and Donald Trump Jr. have participated in Bitcoin conferences, with Eric speaking at the Bitcoin MENA Conference in Abu Dhabi and Donald Jr. appearing at Bitcoin 2024.
The incoming administration has made several public commitments regarding Bitcoin policy. These include plans to release certain Bitcoin advocates from prison, support pro-Bitcoin legislation, and end Operation Chokepoint 2.0. The administration has also appointed a Crypto Czar to oversee digital currency matters.
This approach represents a shift from the previous administration's policies. Under the Biden-Harris administration, the cryptocurrency industry faced various challenges, including attempts to tax unrealized gains and restrictions on banking services for industry participants. The Democratic Party, led by figures like Elizabeth Warren, generally opposed Bitcoin expansion.
The meeting between Saylor and the Trump family suggests potential collaboration between the incoming administration and Bitcoin industry leaders. This follows Saylor's public statement two weeks ago on Bloomberg about his readiness to serve as an advisor to Donald Trump on Bitcoin-related matters.
The cryptocurrency industry faces a changing regulatory landscape as the new administration prepares to take office. President-elect Trump has predicted significant growth for Bitcoin and cryptocurrency markets under his leadership, stating they will "skyrocket like never before" during his administration.