Trump Vows to Make the US a Crypto Capital of the Planet
Former US President and Republican Party candidate for the upcoming presidential elections, Donald Trump, expressed his support for cryptocurrencies in the United States, and said that he plans to make the United States “the cryptocurrency capital of the planet”.
Trump’s support for cryptocurrencies came in a speech he gave at the Bitcoin Conference in Nashville, Tennessee, on Saturday, in which he spoke about his future policy for these currencies if he wins the elections scheduled for November 5.
Trump attributed his support for cryptocurrencies to the fact that if the United States doesn’t embrace cryptocurrency technology and Bitcoin, China will, and said that Washington cannot allow Beijing to dominate, and that he doesn’t want China to be successful, according to his expression.
“I want the United States to be number one in technology, science, manufacturing, artificial intelligence, and space,” he said.
He stressed that he plans to ensure that the United States becomes the crypto capital of the planet and the Bitcoin superpower of the world.
“If cryptocurrencies are going to define the future, I want them to be mined, minted, minted, and manufactured in the United States,” he added.
“Bitcoin is going to the moon, and I want America to be the country that leads the way,” he said.
Trump pointed out that about 175 million people (without specifying) are interested in Bitcoin and cryptocurrencies, and criticized the administration of US President Joe Biden for its regulations related to cryptocurrencies.
He stated that he plans to appoint a special presidential advisory council for Bitcoin and cryptocurrencies once he takes office, and stated that the mission of this council will be to prepare transparent regulations for the benefit of the industry within 100 days of his taking office.
Trump considered that Bitcoin does not pose a threat to the dollar, saying, “The current US administration’s position is truly threatening the dollar… The threat to our financial future doesn’t come from cryptocurrencies, but from Washington, DC”.
He believed that Bitcoin and cryptocurrencies would rise faster than ever before, and addressed traders saying, “Never sell your Bitcoins”.
He confirmed that the United States will retain all Bitcoin owned or acquired by the government if he is elected president of the country, and stated that this will form the core of the strategic national Bitcoin reserve.
“I’ll be the pro-innovation, pro-Bitcoin president that the United States needs and our citizens deserve,” Trump added.
