On Tuesday, June 11, the gathering was held at Mar-a-Lago, the private estate of Donald Trump. He attempted to reassure the guests that, in contrast to Joe Biden, the current president, he is passionate about cryptocurrency and knows what the mining industry needs to thrive. Not only do American miners help stabilize the local power grid, but they also contribute to the candidate’s stated objectives of “achieving US dominance in the crypto market.” The former president stated that the United States should be the site of bitcoin mining for the remaining unsold coins.
In a May speech to Washington, DC, voters, Donald Trump promised to pardon Ross Ulbricht, creator of the dark web marketplace Silk Road. Later, in early June, Trump met with American crypto company CEOs in San Francisco and pledged to alter regulations and policies pertaining to the market and cryptocurrencies. The executives of the Gemini platform, the Coinbase (NASDAQ:COIN) exchange, and a few other businessmen were present at the meeting.
American billionaire Mark Cuban doubts the election pledges made by both Joe Biden and Donald Trump. The businessman claims that in their pursuit of the presidency, both candidates are attempting to court the crypto electorate, despite their equal lack of knowledge in the field.