Marathon mines the ‘Trump 47’ block to honor Trump’s inauguration, embedding the U.S. Constitution and Bill of Rights on blockchain.
Marathon, a leading Bitcoin mining company, has mined a special block called the “Trump 47” block. This block was made in honor of the inauguration of President Elect Donald Trump. Marathon shared the news on its official X account. The block was mined using the company’s proprietary MARA Pool.
The “Trump 47” block is unique because it permanently embedded two important U.S. documents: the Bill of Rights and the U.S. Constitution. In doing so, Marathon has guaranteed that these documents will stay on the Bitcoin blockchain for eternity. This is a historic way of keeping these documents on the Bitcoin blockchain.
However, the move comes as the cryptocurrency community has vocalized deep support for Trump. Several crypto industry leaders are bullish on his presidency. He has been asked by them to tap into helping the crypto industry. This includes creating a U.S. Bitcoin Reserve and allowing crypto companies to access banking services.
Additionally, the cryptocurrency community wants Trump to also have a cryptocurrency advisory committee. Reuters said these requests are expected to be met by an executive order from Jan. 20. Crypto world has raised its expectations from Trump, with Trump being a pro-crypto President.
Crypto Industry Celebrates ‘Trump 47’ Block Amid Growing Presidential Support
Even Trump has referred to himself as the ‘cryptor president’. His relationship with the crypto industry is extremely strong, therefore, it is reflected by this nickname. Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty were seen recently dining with Trump. This came just before a crucial deadline in the Ripple vs. SEC case. Coupled with the ongoing legal battle, the dinner has become one of the more popular talking points in the cryptocurrency community.
President-Elect Trump is ramping up his support for the crypto industry before he takes office. His actions, however, including the potential executive order and the dialogue with crypto leaders, demonstrate his stance on the future of digital currency. This explains why events such as the block mined ‘Trump 47’ are being hailed in the crypto industry.
