Trump affirmed his support for cryptocurrencies and Bitcoin specifically, calling for a monopoly on their mining and banning digital currencies for central banks
Quoted Reuters About Republican presidential candidate Donald Trump He wants all the rest of Bitcoin to be mined in the United States Attack Central bank currencies saying that He will prevent her.
Trump confirmed this at a time when the virtual currency sector is increasingly trying to influence American politicians as it faces increasing scrutiny from regulators, especially since the bankruptcy of major crypto companies in 2022 frightened investors, revealed fraud and misconduct, and left millions of investors without money.
Trump’s support for virtual currency comes as part of his efforts to court young people. At the recent Liberal National Convention, President Trump pledged to “stop Joe Biden’s campaign to crush cryptocurrencies,” and specifically assured Bitcoin holders that he supports the right to self-possession.
President Trump said: “I am saying this and that by your voting for me, I will keep Elizabeth Warren and her thugs out of your bitcoins, and I will never allow the creation of a central bank digital currency,” referring to libertarians’ fears of loss of privacy and central banks’ uncontrolled control of money. Ordinary judicial procedures.
Trump’s pro-Bitcoin stance is consistent with the same policies taken by popular leaders around the world, such as Presidents Javier Milley of Argentina and Nayib Bukele of El Salvador.
He was the presidentBidenHe vetoed legislation that would have guaranteed a consumer’s right to have Bitcoin or other digital assets supervised by a regulated financial institution on “consumer protection” grounds. The Biden administration has been hostile to Bitcoin as well as the broader cryptocurrency ecosystem.
