Republican presidential candidate and former US President Donald Trump Announce His support for cryptocurrency, and defense of its future in the United States, as the presidential elections approach. With this announcement, Trump's views on digital assets have clearly changed as he now acknowledges their ability to stimulate economic growth and innovation.
The United States should not accept second place in the cryptocurrency industry
Former US President Donald Trump He revealed his unwavering support for cryptocurrencies during a campaign against incumbent President Joe Biden in Washington, DC. He also revealed his plans for the industry if he is elected as the next President of the United States.
“I will ensure that the future of cryptocurrencies and the future of bitcoin will be made in the United States, not shipped overseas,” he said. This statement simply demonstrates that Trump aims to position the United States as a leader in the global digital economy and emphasizes the importance of progressive regulation.
Trump also stated that he would support the right to self-custody for more than 50 million cryptocurrency holders in the United States. The former president has promised to create a more secure landscape by keeping those against digital assets, such as a US senator elizabeth Warren, Far from it. In addition, he reiterated his position against the creation of a central bank digital currency.
It is worth noting that Trump has consistently shown his support for digital assets recently. Last week, the former president announced that he would do so Accepting political donations to his campaign in the form of cryptocurrency Trade through Coinbase.
The website reads:
“By showcasing President Trump’s success as a champion of American freedom and innovation, we proudly offer you the opportunity to contribute to the campaign in cryptocurrency.”
According to its website, the campaign will accept coins such as Bitcoin (BTC), the largest digital asset, Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), and Shiba Inu (SHIB).
Specifically, the campaign has created a fundraising page where donors who meet federal requirements can make contributions in any of the above assets that Coinbase Commerce accepts.
With this action, the presumptive Republican presidential nominee in the upcoming elections this year is now the first candidate from a major party to accept cryptocurrencies.
Trump criticizes Joe Biden's understanding of assets
The move by Trump comes just weeks after he declared himself a cryptocurrency candidate for the upcoming election at a Mar-a-Lago party celebrating Trump's version of the Mugshot. NFT collection. At the event, Trump highlighted the value of the votes of crypto supporters as he asked them to support his candidacy.
then Criticize Current US President Joe Biden, claiming that he lacks understanding of these digital assets, is portraying himself as a pro-innovation contender ahead of the elections scheduled for November 4, 2024.
Hence, he urged crypto enthusiasts to vote for him in order to drive innovations and make the United States a leader in the industry. “If you like cryptocurrencies in any way, you better vote for Trump,” he said.
Featured image from Shutterstock, chart from Tradingview.com