• About Us
  • Careers
  • Contact
No Result
View All Result
Thursday, October 30, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home News

Trump Rallies Crypto Industry Support, Pushes for US Leadership in Bitcoin Mining

12 June 2024
in News
Reading Time: 4 mins read
105 5
Trump Rallies Crypto Industry Support, Pushes for US Leadership in Bitcoin Mining

source: theblock.co

US presidential candidate Donald Trump has declared his support for the Bitcoin mining industry, emphasizing his ambition for the United States to dominate this sector.

In a recent post on his social media platform, Truth Social, Trump declared his desire for “all the remaining Bitcoin to be MADE IN THE USA” suggesting that such a move would bolster the country’s energy independence. He further claimed that Bitcoin represents the nation’s “last line of defence” against implementing a central bank digital currency (CBDC).

Trump’s declarations came after he concluded a strategic meeting with executives from several prominent US crypto mining firms. The meeting, held at Trump’s Mar-a-Lago residence in Florida late Tuesday, June 11, 2024, featured notable figures such as Jason Les and Brian Morgenstern from Riot Platforms, Matthew Schultz from CleanSpark, and Amanda Fabiano from TeraWulf.

Trump’s support for Bitcoin mining is a significant shift from his earlier stance on cryptocurrencies. In 2021, he referred to Bitcoin as a “scam.” However, his current endorsement appears to be a strategic move to garner favour with influential lobbying groups within the cryptocurrency industry ahead of the 2024 presidential election. Recently, Trump has even labelled himself the “crypto president,” asserting that the US must strive for a leading position in the crypto space.

His major potential opponents in the polls, current President Joe Biden and independent candidate Robert F. Kennedy Jr., have also tried to woo the crypto industry, though not as overtly as Trump. Notably, President Biden proposed a 30% electricity tax on Bitcoin miners, citing concerns about emissions, energy consumption, and the impact on the power grid.

Amidst these political developments, the Bitcoin mining sector has been a hotbed of activity. Companies are actively seeking to strengthen their operations, expand capabilities, and solidify their positions in the increasingly competitive market. Bitdeer Technologies Group secured over $100 million in investment from USDT issuer Tether to expand its data centres, develop mining rigs, and support other parts of its operations.

Bitcoin mining firm Core Scientific also reported a net positive financial performance for the first quarter of 2024, the first time since emerging from bankruptcy. CEO Adam Sullivan noted the company’s strategic positioning to capitalize on the growing demand for power and infrastructure in the Bitcoin mining sector.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Tags: BitcoinDonaldTrump
Share64Tweet40Share11
Anuoluwapo Obisesan

Anuoluwapo Obisesan

Experienced in crafting clear, user-friendly documentation and compelling news reports. Passionate about technology and delivering impactful content. Collaborative team player dedicated to accuracy and clarity. When not writing, you'll find me hunkering down with a good book.

Related Posts

source: cryptorank.io
Bitcoin

Jiuzi Unveils $1B Bitcoin Treasury with SOLV for Institutional DeFi Expansion

30 October 2025
source: blockchainmagazine.net
Crypto

Tron Network Sees Record Transaction Surge as Retail Adoption Soars

30 October 2025
source:  ng.investing.com
Blockchain

Securitize Partners with BNY Mellon to Launch On-chain AAA-Rated CLO Fund

30 October 2025
source: metabora.io
Gaming

METABORA GAMES Launches Web3 RPG to Expand BORA Token Utility

30 October 2025

Editors Picks

Mining vs. Staking: Which Crypto Validation Method Will Shape the Future?

Mining vs. Staking: Which Crypto Validation Method Will Shape the Future?

byOlajumoke Oyaleke
15 July 2025
0

Where Are the Ethereum-Killers Now?

Where Are the Ethereum-Killers Now?

byOlayinka Sodiqand1 others
6 January 2025
0

source: investorplace.com

How to Find the Newest Cryptocurrencies Before They’re Listed

byOlayinka Sodiq
30 December 2024
0

Exploring the Role of AI in Enhancing DeFi Security

Exploring the Role of AI in Enhancing DeFi Security

byOlayinka Sodiq
1 October 2024
0

The Ultimate Guide to How NFT Royalties Work

The Ultimate Guide to How NFT Royalties Work

byAdedamola Ojedokun
17 April 2024
0

Read More

Chain of Thoughts

The Aesthetics of Web3: Why Vibe Matters in Decentralized Communities

The Aesthetics of Web3: Why Vibe Matters in Decentralized Communities

byOlu Omoyele
27 September 2025
0

...

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

byOlu Omoyele
30 August 2025
0

...

What Happens When AI Gets a Wallet?

What Happens When AI Gets a Wallet?

byOlu Omoyele
31 July 2025
0

...

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Markets Update

Can Confidential Lending Unlock Trillions for DeFi Markets?

2 days ago

Impact of Large Ethereum Validator Exits on ETH Price

2 days ago

Leading Asset Classes in the On-Chain Real-World Asset Tokenization Trend

2 days ago

KuCoin Pay Partners with Swapped Connect to Streamline Direct CEX Payments for Web3 Users

2 days ago

Are Ethereum-Based Treasuries Emerging as the Berkshire Hathaway of Crypto?

5 days ago

Is the Crypto Market Now Majorly Driven by Institutions?

5 days ago
Read More

Events

  • No events
  • Spotlight

    All about Ethereum
    All about Algorand
    All about Bitcoin
    All about Gora

    Press Releases

    NOWPayments Launches $0 USDT (TRC20) Network Fee Offer for New Partners

    bychainwire
    30 October 2025
    0

    Jiuzi Holdings Launches $1 Billion Bitcoin Treasury with SOLV to Drive Institutional Yields and RWA Innovation

    bychainwire
    30 October 2025
    0

    Hetu 3.0 – Deep Intelligence Money – Turning verified intelligence into liquid capital

    bychainwire
    30 October 2025
    0

    Bybit’s bbSOL Gains Institutional Custody Support from Anchorage Digital, Reinforcing Its Institutional-Grade Standing

    bychainwire
    30 October 2025
    0

    Whale.io Confirms First Airdrop for Crock Dentist NFT Holders

    bychainwire
    29 October 2025
    0

    Read More

    ADVERTISING

    ABOUT

    TEAM

    CAREERS

    CONTACT

    TERMS & CONDITIONS

    PRIVACY POLICY

    © Copyright 2025 DeFi Planet

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • News
      • People
      • Business
      • Crime
      • Regulation
      • Crypto
      • CBDC
    • Markets
      • Bitcoin
      • Ethereum
      • Stablecoins
      • Altcoins
      • Crypto ETFs
      • Memecoins
    • Policy
    • Articles
      • Press Releases
      • Opinion
      • Explainers
      • Guest Post
      • Sponsored
    • Directory
      • Companies
      • People
      • Products
      • Wallets
    • Multimedia
      • Videos
      • Podcasts
    • Learn
      • DeFi Basics
      • Tutorials
      • Reviews
      • Blockchain Fundamentals
    • Research
      • Case Studies
    • Explore
      • DeFi
      • Crypto Gaming
      • NFT
      • DAO
      • Metaverse
      • Glossary
    • Jobs
    • Markets Pro
      • DeFi Planet Pro
      • Spend Crypto
      • Swap Crypto
      • Coin Prices
      • Crypto Exchanges
      • Crypto Analyzer

    © Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

    -
    00:00
    00:00

    Queue

    Update Required Flash plugin
    -
    00:00
    00:00