Donald Trump Champions Miners In His Latest Crypto Advocacy Initiative: ‘The Guy Is A Huge Fan Of Bitcoin’ – Cleanspark (NASDAQ:CLSK)

See Also: Charlie Munger Once Said, ‘Just Say No’ To Putting Bitcoin In Retirement Accounts: Legendary Berkshire Ha

The meeting took place amidst criticism against crypto miners over concerns like climate change and their impact on local power grids. The crypto industry is rallying behind candidates who are supportive of digital assets, including through donations to the Fairshake political action committee.

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Why It Matters: Trump’s endorsement of Bitcoin miners comes after he positioned himself as the “crypto president” at a San Francisco fundraiser last week.

The event, hosted by tech venture capitalists David Sacks and Chamath Palihapitiya, saw Trump raise $12 million while expressing his support for the cryptocurrency industry and criticizing the Democratic Party’s attempts to regulate it.

Traders on Polymarket, a cryptocurrency-based prediction platform, are heavily betting on Trump’s victory in the 2024 U.S. presidential election. With $166.1 million staked, Trump holds a 56% chance of victory, leading current president Joe Biden by 21 percentage points, according to non-American participants on the platform.

Price Action: Shares of Riot Platforms closed 0.96% higher at $9.99 during Tuesday’s regular session, while the CleanSpark stock edged 1.59% higher to close at $15.95, according to data from Benzinga Pro. At the time of writing, Bitcoin was valued at $67,438.14, down 1.52% in the last 24 hours.

Photo Courtesy: Shutterstock.com

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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.