Published June 12, 20242 min read

Trump and Cryptoeconomics: New Horizons in the World of Digital Assets After Meeting with Miners

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artwork image for: Cryptocurrency Era on the Political Stage: Trump Promises Support to Miners

The world of cryptocurrencies is increasingly permeating the daily lives of ordinary people, integrating not only into everyday activities but also bringing its technologies into broader use, such as payment systems. In recent years, Web3 technologies have begun to significantly influence political processes, especially in countries like the United States.

In today's article, the Coinmooner team wants to share important news with readers. On June 11, a meeting took place at Donald Trump's private residence, Mar-a-Lago, where the former president assured miners of his support for cryptocurrencies and promised to develop regulatory measures.

Trump emphasized that, unlike the current president, Joe Biden, he is favorable towards cryptocurrencies and understands the needs of the digital asset mining industry. According to the former president, American miners not only "stabilize the operation of local power grids" but also contribute to the United States achieving dominance in the cryptocurrency market. He also noted that the remaining undiscovered bitcoins should be mined in the United States.

Thus, Trump expressed his belief in the importance of cryptocurrencies for the future of the economy and stated the need to create favorable conditions for their development in the country. His position draws attention to how cryptocurrencies can influence political processes and economic strategies of nations.


Crypto Industry Leaders Meet Trump: Coinbase and Gemini in Attendance

Additionally, Donald Trump has repeatedly voiced support for cryptocurrency and shown interest in this area. In May, he addressed voters in Washington, promising to pardon Silk Road darknet marketplace founder Ross Ulbricht. Later, in early June, during a meeting with leaders of American crypto companies in San Francisco, Trump announced plans to change cryptocurrency policy and regulation. Executives from companies like Coinbase and Gemini were present at the event.

However, despite these statements, some believe that Trump's remarks may just be part of his pre-election strategy. American billionaire Mark Cuban is skeptical of both Trump's and current President Joe Biden's pre-election promises. According to Cuban, neither candidate fully understands cryptography and are merely trying to court crypto voters for electoral gain.

Coinmooner will closely monitor all the nuances of these pre-election races and promptly inform our readers of any mentions or plans regarding cryptocurrency regulation by politicians. As one of the leading countries shaping trends and regulations in the Web3 industry, the United States plays a crucial role in this process.

We also remind our readers that in the world of Web3, it's incredibly important to use the most advanced security methods to safeguard your finances. With the growing interest in cryptocurrencies and their integration into various aspects of life, adhering to security measures becomes a top priority for all market participants. In the future, we will continue to cover key events and trends in the cryptocurrency and Web3 technology space so that you are always informed of the latest news and can make informed decisions.

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