Former President Donald Trump, a Republican presidential hopeful, has continued his pro-cryptocurrency campaign, promising to make the United States the global hub for digital assets. During his speech at the Economic Club of New York on Thursday, Trump expressed his vision for a future where the US leads the world in cryptocurrency adoption.
Trump emphasized his commitment to embracing “industries of the future” and assured attendees that his administration would scrap at least 10 outdated regulations for every new one introduced. While he didn’t specify the exact policy changes he would implement, his statements clearly suggest a significant shift towards a more supportive regulatory environment for cryptocurrencies.
This latest statement is part of Trump’s ongoing efforts to win over cryptocurrency voters. Earlier this year, he pledged to establish a national Bitcoin stockpile to address the US’s burgeoning debt, a proposal that attracted criticism from some economists. Trump also previously stated his intention to make the US the “crypto capital of the planet” but has yet to outline concrete plans to achieve this goal.
In recent weeks, Trump has also been associated with a new cryptocurrency venture, World Liberty Financial, backed by The Trump Organization. This project aims to promote the mass adoption of dollar-pegged stablecoins and decentralized finance (DeFi).
Interestingly, a recent poll indicated that Trump leads Vice President Kamala Harris by 12 points among US cryptocurrency owners, despite his national support lagging behind. This suggests a strong potential for Trump to garner significant support from the crypto community.
As the 2024 presidential election approaches, Trump’s pro-crypto stance continues to be a key point of focus. His promises of a more crypto-friendly regulatory environment and his commitment to making the US a global crypto leader have generated significant interest within the cryptocurrency community. It remains to be seen how these promises will translate into concrete policy actions if he is re-elected.
