By Anthony Marcus, correspondent. Eurasia Business News, July 28, 2024. Article n°1115.
Donald Trump has stated that if he becomes president next November, he will create a strategic national bitcoin reserve in which the White House will store its tokens. This, according to Mr. Trump, will make the United States a “bitcoin superpower” and “the crypto capital of the planet.”
“If cryptocurrency will determine the future, I want them to be mined, mined and produced in the United States,” the ex-president said. The crypto industry has long been calling for the creation of a bitcoin reserve, similar to the gold reserve, as it will legitimize the cryptocurrency and stabilize its value, The New York Times writes.
“Sadly, we see the attacks on crypto,” Mr. Trump told a gathering of cryptocurrency fans in Nashville.“ It’s a part of a much larger pattern that’s being carried out by the same left-wing fascists to weaponize government against any threat to their power. They’ve done it to me.”
Donald Trump has also promised to create a presidential council on cryptocurrencies. The powers of the council, in particular, will include the possibility of legal regulation of the industry.
Trump criticized the current administration’s regulatory approach, particularly targeting the Securities and Exchange Commission (SEC) and its chair, Gary Gensler, whom he vowed to fire
He proposed the creation of a “strategic national Bitcoin stockpile” and emphasized that Bitcoin and crypto should be “mined, minted, and made in the USA”.
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Trump also pledged to end efforts to create a central bank digital currency (CBDC), which he and many cryptocurrency enthusiasts oppose.
The Republican candidate to the elections of November 5 argued that fostering the cryptocurrency industry would grow the U.S. economy, cement American financial dominance, and prevent Bitcoin jobs and businesses from moving overseas.
Trump positioned himself as the first major party nominee to accept donations in Bitcoin and crypto, highlighting his commitment to the industry.
Trump framed his pro-crypto stance as part of a broader “America First” agenda, contrasting it with what he described as the anti-crypto policies of the Biden administration.
Trump’s proposal represents a significant shift from his previous skepticism about digital currencies and underscores his strategy to appeal to cryptocurrency enthusiasts and investors in his bid for the presidency.
On July 14, a shocking incident occureed during a campaign rally in Pennsylvania. A sniper tried to shoot Donald Trump. The former U.S. president (2016-2020) and presidential candidate 2024 survived with a wound to his right ear. At the same time, one of the president’s supporters was killed, and two were seriously injured.
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© Copyright 2024 – Eurasia Business News. Article No. 1115.