Trump says he wants all remaining Bitcoin to be made in the US

[bitmover]

Trump says he wants all remaining Bitcoin to be made in the US

June 12 (Reuters) - Republican presidential candidate Donald Trump said on Tuesday that he wants all remaining Bitcoin to be made in the U.S.
The crypto industry is increasingly trying to influence U.S. politicians as it faces heightened scrutiny from regulators, especially since bankruptcies at major crypto firms in 2022 spooked investors, exposed fraud and misconduct, and left millions of investors out of pocket.

https://www.reuters.com/world/us/trump-says-he-wants-all-remaining-bitcoin-be-made-us-2024-06-12/

Looks like trump wants to incentive miners in the US, and probably make miners move to us.

He wants the crypto ecosystem to be welcomed there. Amazing!

[Rruchi man]

~

I still find it very difficult to trust these politicians because when they have a political interest they say all manner of things to make sure that they get people to like them. Whenever I see Donald trump trending on the news because of his positive opinion towards bitcoin I take it that he's doing all this to get the support of those interested in cryptocurrency and bitcoin because he has identified the community as one that is increasing rapidly.

[Zed0X]

Don't get me wrong, it's good to have someone influential say all these things but this also sounds to me like he wants to have control over BTC by gathering all these miners. Welcome them now and then impose rules on them later on. Anyway, it's what he wants but he won't get it.

[admin]

he can offer the electricity for cheap

[alltalk]

https://www.reuters.com/world/us/trump-says-he-wants-all-remaining-bitcoin-be-made-us-2024-06-12/

Looks like trump wants to incentive miners in the US, and probably make miners move to us.
He wants the crypto ecosystem to be welcomed there. Amazing!

I've checked the link, honestly I don't get enough information there. I don't see any proof that it is really stated by Trump. It is rather short explanation in the reuters article. I suspect the media only wants to take the advantage from this issue. 

By the way, it is good if Trump welcomed the miners. But I am sure the miners won't move to US. They know it will be too risky if all miners are coming to US. They will be easy to be identified and controlled by the US government. Zed0X is correct, if Trump is selected to be the president, he is possible to control Bitcoin and crypto world in this way.

[examplens]

Looks like trump wants to incentive miners in the US, and probably make miners move to us.

He wants the crypto ecosystem to be welcomed there. Amazing!

Although I don't like politicians like him, it is obvious that he is one of the few American politicians who publicly say what the US government thinks behind closed doors. Looking at the things that are happening, it's pretty clear that the US wants to take control of Bitcoin or at least most of it.

[MrSpasybo]

Looks like trump wants to incentive miners in the US, and probably make miners move to us.

He wants the crypto ecosystem to be welcomed there. Amazing!

Trump is supporting crypto and using this quite effectively for his election campaign! For me, the fact that most of the mining power is in the US, a country with a positive view of crypto, is a good thing because at least we won't have any more FUD in the future like what China did to the BTC mining industry. If Trump wins the presidency for the next term, BTC mining companies will not be criticized in terms of energy, the widely adopted journey of BTC will be less difficult.

As a BTC and crypto fan, I support and hope for Trump's win. Currently, many crypto companies are contributing and supporting him, so his win can be seen as a victory for the crypto market in the legal sector in the world's largest economy.

[yahoo62278]

Looks like trump wants to incentive miners in the US, and probably make miners move to us.

He wants the crypto ecosystem to be welcomed there. Amazing!

Although I don't like politicians like him, it is obvious that he is one of the few American politicians who publicly say what the US government thinks behind closed doors. Looking at the things that are happening, it's pretty clear that the US wants to take control of Bitcoin or at least most of it.

The President is only a puppet man. Yes they have some power, but most things are done in the Congress and Senate. Everyone thinks this person is good or bad, but they aren't really understanding politics. It's all about the party that controls the House of Representatives that makes things happen IMO.

[examplens]

The President is only a puppet man. Yes they have some power, but most things are done in the Congress and Senate. Everyone thinks this person is good or bad, but they aren't really understanding politics. It's all about the party that controls the House of Representatives that makes things happen IMO.

Of course, at least that's how it is in the US. Most of the less developed countries have a president who decides on everything.
Proof that the figure of the president in the US is quite formal is the current Biden. He is positioned there as a better alternative than Trump, although he mostly seems quite shameful for the position he performs.

[TomPluz]

As a BTC and crypto fan, I support and hope for Trump's win. Currently, many crypto companies are contributing and supporting him, so his win can be seen as a victory for the crypto market in the legal sector in the world's largest economy.

With this binary choices - the still energetic and old Trump and the walking robot and old Biden - the best goes to no other than DJT. I would say that he is one of the least understood politicians of his time...at least to the biased mainstream media who are just looking for some minor slips coming from his mouth and yet so soft in inquiring on Biden and his many dealings...but to people who love Trump and his many policies that really worked for the economy, border security and international affairs he is their "hope" for a better future. USA is in a crossroads right now and there are now many well-known figures acknowledging this reality and they know that four more years of the directionless Biden administration can mean a big disaster for the country. The only problem I have is I can not vote for him since I am not a citizen of the country but let's just say I am one of the growing supporters from afar. Will there be a history to be made on November 5 as the biggest political comeback ever? Let's see and watch the colorful drama for the next 5 months unfold before our eyes.

[hugeblack]

I think it is one of the promises that can be believed. moving mining to the United States will be good, so that they can be forced in the future to implement blacklists or influence the network if all mining pools are suddenly closed, and moderate taxes can be imposed on them, in addition to the fact that these activities will provide directly or indirectly
I hope @philipma1957 gives us his opinion here.

[LogitechMouse]

Does anybody believe that he can do it?
Does any miner around the world believe in what he's saying?

Well, I don't even know if he can do it, or if he can do it, will he do it for real? I mean whenever Trump is saying positive things about crypto, I'm at a point where I always think that he's just using cryptocurrency and Bitcoin to increase his popularity. Like what others said, his powers are limited, and the bottom authorities like the Senate and Congress will still talk about this one.

At the end of the day, he just wants it, but for sure, he will not put it as a priority.

[NotATether]

he can offer the electricity for cheap

But he can't do that, because that's regulated at state level.

It's up to the individual states to lower their electricity rates or come up with deals for the bitcoin miners to partner with their grids.

It's going to be tricky because some states are firmly blue and are not interested in this sort of thing, while other states' grids are ran by private companies.

[examplens]

I think it is one of the promises that can be believed. moving mining to the United States will be good

Any kind of centralization in Bitcoin cannot be good. The US already has too much influence on the Bitcoin ecosystem through various regulations, so it is certainly not a good idea for them to have even more dominant control.

Does anybody believe that he can do it?
Does any miner around the world believe in what he's saying?

No one believes in this, probably not even Trump himself. It is a good thing that even if he were to be re-elected as president, he would not be able to make such decisions by himself. Its influence will be minor.

[0t3p0t]

Looks like trump wants to incentive miners in the US, and probably make miners move to us.

He wants the crypto ecosystem to be welcomed there. Amazing!

Although I don't like politicians like him, it is obvious that he is one of the few American politicians who publicly say what the US government thinks behind closed doors. Looking at the things that are happening, it's pretty clear that the US wants to take control of Bitcoin or at least most of it.

The President is only a puppet man. Yes they have some power, but most things are done in the Congress and Senate. Everyone thinks this person is good or bad, but they aren't really understanding politics. It's all about the party that controls the House of Representatives that makes things happen IMO.

Well yeah totally agree as this is what is currently happening here in my country right now seems the house of representatives has more of a punch than the leader itself so if anti-admin politicians rule there then things might not result in good but unfortunately for him things will turn against his favor. I don't know if what Trump wanted to happen is good but yeah it needs much time.