Regulation
Trump Aims to Make US the ‘Crypto Capital of the Planet’: ‘We Can Do It’
Former President Donald Trump advocated for a national strategic cryptocurrency reserve at a recent Bitcoin Conference. He assured that if he returned to the presidency, the U.S. government would keep his Bitcoin BTC/USD Stocks.
What happened:Trump made the proposal during his keynote speech at the Bitcoin Conference in Nashville on Saturday.
The former president’s comments come amid the 2024 presidential race, where the campaign for America’s early adopters of fintech is gaining traction.
Trump’s proposal to keep current Bitcoin held by the US government seems less radical than other proposals presented at the conference, as For Italian:
“For too long, our government has violated the fundamental rule that every Bitcoiner knows by heart: never sell your Bitcoin,” Trump said in his keynote address at the conference.
“This afternoon I will lay out my plan to ensure that the United States becomes the cryptocurrency capital of the planet and the global Bitcoin superpower, and we will do it,” he added.
During the crypto event, by Robert F. Kennedy Jr.third-party candidate, has pledged to build a reserve of 4 million bitcoins, starting with the bitcoins currently held by the U.S. government, which come from criminal seizures.
Meanwhile, the senator Cynthia Lummis (R-Wy.), has proposed accumulating an official U.S. federal reserve of 1 million Bitcoin over five years.
Trump criticized the president Joe Biden and Vice President My life is nice the administration’s approach to cryptocurrencies and Bitcoin, saying, “The Biden-Harris administration’s crackdown on cryptocurrencies and Bitcoin is wrong and very damaging to our country.”
He also pledged to form a “presidential advisory council on Bitcoin and cryptocurrencies” and vowed to dismantle what he called Biden and Harris’s “anti-crypto crusade.”
Because matterTrump’s stance on Bitcoin has undergone a significant shift since his time in the White House, during which he rejected Bitcoin and other cryptocurrencies.
His recent support for digital currency is in line with the Republican Party’s commitment to removing regulatory hurdles from the Biden-Harris administration, making cryptocurrency regulation a key voting issue in the upcoming November elections.
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