Trump supports cryptocurrency and hopes that all Bitcoin will be produced in the United States in the future

Former U.S. President Donald Trump said he wants all bitcoin that has not yet been mined to be made in the United States, reaffirming his pro-cryptocurrency stance ahead of the November presidential election.

“Bitcoin mining may be our last line of defense against central bank digital currencies,” Trump said in a June 11 post on Truth Social. “Biden’s hatred of Bitcoin will only help China, Russia, and the Radical Communist Left.”

Trump meets with miners to push remaining Bitcoin to be made in the U.S.

During a meeting with several Bitcoin miners at Mar-a-Lago on the evening of June 11, Trump said he would support the Bitcoin mining industry if elected.

Attendees included representatives from Nasdaq-listed mining companies CleanSpark Inc. and Riot Platforms.

“I just ran into someone who really likes Bitcoin and loves the work we are doing at CleanSpark Inc. in Georgia, Mississippi, and Wyoming,” co-founder S. Matthew Schultz said in a June 12 post referring to his meeting with Trump.

Cryptocurrency becomes a hot topic in U.S. politics

Trump’s support for bitcoin miners comes amid growing attention to cryptocurrencies in U.S. politics. Trump is the first presidential candidate to announce his campaign will accept cryptocurrency donations.

Current President Joe Biden responded by reaching out to people in the cryptocurrency industry.

“Trump has reduced regulation and championed innovation in financial technology, while Democrats, like Biden and his official surrogate, Elizabeth Warren, continue to believe that only government knows the answers to how our country can lead the world,” Trump’s campaign said in a statement last month.

Meanwhile, billionaire Mark Cuban warned Biden's campaign that the president's loyalty to Securities and Exchange Commission (SEC) Chairman Gary Gensler could cost him the election.

He added that crypto voters will be vocal in the upcoming election, which could be a disadvantage for Biden, given Gensler’s positive stance on regulating the digital asset industry.