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How the ex-president plans to change the future of the United States with the help of cryptocurrency.
Donald Trump has promised to make the US a "bitcoin superpower" if he returns to the White House. Speaking to supporters of cryptocurrencies in Nashville, Trump said that he will fight attacks on cryptocurrencies and reduce regulation in order to make America the world capital of cryptocurrencies.
Trump emphasized that attacks on cryptocurrencies are part of a broader strategy of leftists who use government tools to combat threats to their power. Trump has vowed to end the anti-cryptocurrency campaign of the Joe Biden and Kamala Harris administrations and stop harassing the cryptocurrency industry since taking office.
In his speech, Trump emphasized that he has become the first major party candidate in US history to accept donations in bitcoin and cryptocurrencies, and said that his campaign has raised $ 25 million in cryptocurrency donations over the past two months. He also promised to conduct large-scale deregulation and create a "strategic national bitcoin reserve" that will store US government tokens.
Trump also said that he will stop the US government's efforts to create a central bank digital currency – an initiative that cryptocurrency enthusiasts have long criticized. Trump promised to create a "presidential advisory council on bitcoin and cryptocurrencies" to develop new regulations that will be developed by people who love the crypto industry.
While the specific new regulations remain unclear, Trump has criticized the Biden administration for taking steps to regulate cryptocurrencies that many in the industry don't like. Trump also denounced the confiscation of bitcoins by law enforcement agencies during investigations and criticized Democratic Party member Elizabeth Warren, who is pushing for tougher regulations for banks and other industries, including cryptocurrencies.
After Trump's speech, Senator Cynthia Lummis of Wyoming introduced a bill to create a national bitcoin reserve, which obliges the US government to buy one million bitcoins in five years.
Source
Donald Trump has promised to make the US a "bitcoin superpower" if he returns to the White House. Speaking to supporters of cryptocurrencies in Nashville, Trump said that he will fight attacks on cryptocurrencies and reduce regulation in order to make America the world capital of cryptocurrencies.
Trump emphasized that attacks on cryptocurrencies are part of a broader strategy of leftists who use government tools to combat threats to their power. Trump has vowed to end the anti-cryptocurrency campaign of the Joe Biden and Kamala Harris administrations and stop harassing the cryptocurrency industry since taking office.
In his speech, Trump emphasized that he has become the first major party candidate in US history to accept donations in bitcoin and cryptocurrencies, and said that his campaign has raised $ 25 million in cryptocurrency donations over the past two months. He also promised to conduct large-scale deregulation and create a "strategic national bitcoin reserve" that will store US government tokens.
Trump also said that he will stop the US government's efforts to create a central bank digital currency – an initiative that cryptocurrency enthusiasts have long criticized. Trump promised to create a "presidential advisory council on bitcoin and cryptocurrencies" to develop new regulations that will be developed by people who love the crypto industry.
While the specific new regulations remain unclear, Trump has criticized the Biden administration for taking steps to regulate cryptocurrencies that many in the industry don't like. Trump also denounced the confiscation of bitcoins by law enforcement agencies during investigations and criticized Democratic Party member Elizabeth Warren, who is pushing for tougher regulations for banks and other industries, including cryptocurrencies.
After Trump's speech, Senator Cynthia Lummis of Wyoming introduced a bill to create a national bitcoin reserve, which obliges the US government to buy one million bitcoins in five years.
Source
