Celebrating Trump as Bitcoin’s First President – ​​Blockchain News, Opinion, TV and Jobs

In a display that is nothing short of outrageous in its embrace of both cryptocurrency and politics, publicly traded Bitcoin mining company Marathon Digital Holdings (ticker: MARA) is mining the “Trump 47” block honoring Donald Trump as the first “Bitcoin President” of the United States.

MARA confirmed this achievement in a statement On January 17, three days before Trump’s inauguration on January 20. The block is saved on the Bitcoin blockchain with an AI-generated image tag, such as Trump.

No wonder MARA, along with Trump’s image, placed the full text of the US Constitution and Bill of Rights in the bloc. It also brings memories of the next president and affirms sayings like freedom, which serves as the cornerstone of Bitcoin.

Today, MARA mined the “Trump 47” block, a historical visual marker on the Bitcoin blockchain in honor of the President-elect’s inauguration. @RealDonaldTrumpthe first Bitcoin president of the United States. https://t.co/piHZExBDnB pic.twitter.com/L2w8qFKTLw

– Mara (@MARAHoldings) January 17, 2025

Marathon Digital celebrates the completion of the “Trump 47” Bitcoin block.

Bitcoin was mined by Marathon Digital for the “Trump 47” block. Announce It was celebrated by Chairman and CEO, Fred Thiel, through X (formerly known as Twitter). “It is a pleasure to write about this historic event on the blockchain. Thiel added: “President Trump’s position on Bitcoin and his vision for the new financial revolution that will put America on the map in the field of cryptocurrencies.”

The move would also fit with Trump’s public defense of bitcoin and cryptocurrencies, a position he took during his 2024 presidential bid. As a Republican candidate, Trump attended the 2024 Bitcoin Conference and held meetings with bitcoin mining companies in the United States. After winning the election, Trump was keen to move forward with this policy by making plans to deregulate cryptocurrency.

Among the applications that Trump implemented was the creation of a strategy of purchasing Bitcoin as a reserve, with the aim of stimulating the US economy and becoming a leader in issuing digital assets. MARA also penned an open letter calling on the incoming administration to act on this reserve last week.

The Trump administration has swung back and will continue to do so with major appointments that reflect Trump’s pro-crypto stance. US Securities and Exchange Commission Candidate Paul Atkins, a commissioner who previously passed pro-crypto reforms at the agency, has been selected for the position.

Former PayPal CEO David Sachs is now expected to take over as the White House’s “crypto czar,” whose primary responsibilities include overseeing the regulation of cryptocurrencies and related innovations.

Marathon Digital used its internal mining pool to form the historic Trump 47 block as evidence of Trump’s sustainability plan to make the United States the world’s premier Bitcoin mining hub. The decision also strengthened the company’s defense of Bitcoin as part of the improvement needed within the country.

Many discussions have emerged regarding the “Trump 47” mining block, both at the cryospheric and political levels. Some use it as evidence of this Bitcoin It is gaining more acceptance as a form of prosperity and adoption in the political arena, while others see it as the downside of linking politics to this decentralized technology.

As the world awaits Trump’s inauguration and resulting policy changes, the “Trump 47” block remains important evidence of growing ties between Bitcoin and the Trump administration in the United States. In the eyes of the cryptocurrency world, this could be a stepping stone into a new era Digital assets And finally get the support of the elite.