Donald Trump champions cryptocurrencies

by time news

2024-07-28 18:08:37

The former head of the White House promised, if he wins the 2024 election, “to keep 100% of the bitcoins held by the United States government” to make them “a hard part of the national regulatory rights”.

When he was the President of the United States, Donald Trump compared bitcoin and cryptocurrencies to him «seductive». He who is also a candidate for the presidential election has completely changed his speech. At a press conference Saturday in Nashville, Tennessee, he praised the technology. «Bitcoin stands for freedom, sovereignty and independence», said Donald Trump. If you vote, you promise to eat «the Pro-innovation and probitcoin President of America needs».

One of the reasons for the former president’s change of heart is his position on China. «If we don’t adopt crypto and bitcoin technology, China will, explained Donald Trump. America’s destiny is to lead our rivals in everything and claim our industries for anyone.»

But there is still a political choice that allows him to oppose the Democrats. For almost four years, the Biden administration has actually had a hostile attitude towards cryptocurrencies, with a desire to regulate their development firmly. The Republican candidate promised the audience that his first goal would be to remove the current head of the Securities and Exchange Commission (SEC) market watchdog, Gary Gensler.

Donald Trump knows that for «mine, mint and art» bitcoins in the United States, it will be necessary to export «big fire», along with «fossil, because we will have to», what «destruction».

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