Trump says he will advocate for bitcoin miners in White House: report

Former U.S. President Donald Trump expressed support for bitcoin mining in a Tuesday night meeting with a number of bitcoin miners at Mar-a-Lago, according to a Bloomberg report. 

Trump, who has recently taken an active pro-crypto position for the upcoming November election, reportedly told participants that he would advocate for bitcoin mining in the White House, saying that miners contribute to energy grid stability. 

The participants of the meeting at Trump’s Palm Beach resort included representatives from Nasdaq-listed bitcoin mining firm CleanSpark Inc. and Riot Platforms, several of whom had posted pictures with the former president. 

“I just ran into a guy that’s a huge fan of bitcoin and loves what we’re doing at CleanSpark Inc. in Georgia and Mississippi and Wyoming,” S. Matthew Schultz, co-founder of CleanSpark, wrote in his X post.

Trump’s crypto embrace earned him support from a number of leaders in the industry, as seen in his recent $12 million fundraising event in the Silicon Valley reportedly attended by Gemini founders Cameron and Tyler Winklevoss and others. Last month, Trump announced that he will accept political donations in the form of cryptocurrencies. 

"Trump has reduced regulations and championed innovation in financial technology, while Democrats, like Biden and his official surrogate Elizabeth Warren, continue to believe only government has the answers to how our nation leads the world," the Republican candidate’s statement said.

Meanwhile, sources told The Block late last month that President Joe Biden’s re-election campaign is reaching out to members of the crypto industry for guidance on digital asset policies. The outreach marks a significant shift from the Biden administration’s less than favorable stance on cryptocurrencies. 

Trump’s campaign did not immediately respond to The Block’s request for further comment.