Key Points
- Donald Trump recently reiterated his crypto support, promising to end Joe Biden’s war on digital assets.
- The former US President wants to ensure the future of Bitcoin and crypto will be made in the US.
Former US President, Donald Trump reiterated his crypto support once again. On his birthday, June 14, he promised to end Joe Biden’s war on crypto.
In a speech, Trump said that he would end the current’s administration war on digital assets, and he would make sure that the future of crypto and Bitcoin will be made in America. Trump said that he will keep crypto in the US, and a lot of it is going to be done in Florida.
Trump’s promise to make Florida a central hub for crypto comes after the state was named the best for crypto taxes in the US.
His speech took place in West Palm Beach, Florida for his birthday when he turned 78 years old.
The US election day is scheduled for November 5.
Trump showed support for Bitcoin and crypto miners
Recently, Trump also showed his support for the crypto industry, by meeting with Bitcoin miners.
During a visit to Mar-a-Lago, several Bitcoin miners attended a recent gathering, according to Matthew Schultz, executive chairman at crypto mining company CleanSpark.
Trump reportedly told attendees that he loves and understands crypto, adding that Bitcoin miners help stabilize the energy supply from the grid. Willy Woo also addressed the important matter recently.
The former US President also reportedly said that he will be an advocate for miners in the White House.
Trump’s support for miners comes at a moment in which Bitcoin and crypto miners see backlash over a range of issues including climate change and power grid impact.
As the industry faces backlash, nations such as El Salvador are looking for more innovative ways to mine Bitcoin. The country used volcano energy for the mining process, showing the benefits of renewable energy.
