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cliffside

(1,084 posts)
7. The 'Trump Pump': How Crypto Lobbying Won Over a President
Wed Jul 16, 2025, 12:46 AM
Jul 16

Full article ...

https://www.nytimes.com/2025/07/09/us/politics/trump-crypto-lobbying.html?unlocked_article_code=1.W08.doyI.YGNo1KJ-qtYy&smid=url-share

Just over a year ago, while sitting around a table in an ornate meeting room at Mar-a-Lago, David Bailey and a group of top Bitcoin executives made a pitch to Donald J. Trump...

At Mar-a-Lago, Mr. Bailey brought along representatives of several large Bitcoin mining firms — an energy-guzzling sector that has drawn noise complaints and environmental concerns. They pitched Mr. Trump on the economic benefits of Bitcoin, before pivoting to a bold request: Could Mr. Trump write a supportive post on his social media site?

The proposed language was included at the bottom of a bullet-pointed meeting agenda, according to a copy reviewed by The New York Times. Mr. Trump said he would “consider it,” Mr. Bailey, who runs the digital currency firm BTC Inc., recalled in an interview. “We had no idea if that was going to happen.”

That night, Mr. Trump fired off a Truth Social post containing the exact message proposed by the executives: “We want all the remaining Bitcoin to be MADE IN THE USA!!! It will help us be ENERGY DOMINANT!!!”

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