Regulation
Donald Trump Wants to Annihilate China in Cryptocurrency!
9.45am ▪ 3 min read ▪ by Eddy S.
Former US President Donald Trump recently reiterated his strong support for the cryptocurrency industry, stressing its strategic importance to the United States. In an interview, Trump said that cryptocurrencies could bring significant benefits to the nation! While warning against the risk of allowing other countries, especially China, to gain an advantage in this field.
Crypto: Donald Trump Wants to Strengthen US Position!
Trump said: “If I let it go, another country, most likely China, which is pretty advanced in this area, would take it back. So you have to look at it: what I want back is what is good for the country.” This statement reflects a notable shift in Trump’s stance, who was once skeptical of cryptocurrencies. Today, he sees them as an opportunity for the United States to maintain its technological and economic leadership.
Recall that in May 2024, Trump began accepting cryptocurrency donations for his campaign, raising around $3 million in bitcoin and ether. This initiative aims to attract pro-cryptocurrency voters and strengthen his support base for the 2024 elections. Trump also announced that pro-Bitcoin Senator JD Vance (R-Ohio) would be his running mate, a move welcomed by major players in the cryptocurrency industry.
For less stringent regulation?
In his interview, Trump stressed the importance of crypto-friendly regulation to encourage innovation and protect investors. He criticized the current administration’s proposed stringent regulations, saying they could hinder the development of the industry in the United States. “We need to take a balanced approach that protects consumers while allowing innovation to thrive,” he has declared.
Trump’s support for cryptocurrencies The industry is part of a broader strategy to strengthen the United States’ position in the global market. By accepting cryptocurrency donations and choosing a pro-Bitcoin running mate, Trump is seeking to mobilize pro-crypto voters and ensure that the United States remains at the forefront of this emerging technology. His vision is clear: do not let other countries, especially China, gain an advantage in this crucial area.
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Eddy S.
The world is evolving and adapting is the best weapon to survive in this wavy universe. Originally a cryptocurrency community manager, I am interested in everything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, there is nothing better than writing informative and relaxed articles.
DISCLAIMER
The views, thoughts and opinions expressed in this article are solely those of the author and should not be construed as investment advice. Do your own research before making any investment decisions.