Never one to shy away from spicing up his statements, Donald Trump has now promised to make the United States the world's premier hub for cryptocurrency mining. As a bonus, he has vowed to ensure that 210,000 Bitcoins held by the government remain under strict control.
"During my four years in office, Bitcoin surged by 3,900%, from $898 the day I took office to $35,900 the day I left," Trump proudly said, adding that the Biden administration is trying to crack down on cryptocurrency. According to the billionaire, Bitcoin represents digital freedom, sovereignty, and independence from government oppression and control. He sees Biden and Harris' efforts to suppress crypto and impose stiff regulation as an attempt to push the country back into traditional banking.
Speaking to an enthusiastic crowd at the Bitcoin 2024 conference, Trump promised to fire SEC Chairman Gary Gensler and appoint a new SEC chairman who believes that "America should build the future, not block the future."
Vice President Kamala Harris, the likely Democratic nominee, did not go unmentioned by Donald Trump. He criticized Harris' anti-crypto stance and considered her a "worse candidate" than Joe Biden. True to form, Trump also pledged to commute the sentence of Ross Ulbricht, create a presidential advisory council on Bitcoin and crypto, halt the rollout of central bank digital currencies (CBDCs), and make America "the crypto capital of the planet and the bitcoin superpower of the world."
Interestingly, Ripple Chief Legal Officer Stuart Alderoty has reportedly donated 624,000 XRP (worth $300,000) to Donald Trump’s presidential campaign. It seems that cryptocurrencies not only have the power to unite people but also to stoke the fire of a furious political struggle.
