As a crypto investor with several years of experience in the market, I find Trump’s recent stance on cryptocurrency incredibly encouraging. His promise to protect the rights of crypto holders and oppose the establishment of CBDC is a significant shift from his previous skepticism towards the asset class.
Donald Trump’s new weapon against Biden’s administration is cryptocurrency.
As a crypto investor, I’ve noticed an intriguing shift in the stance of the previous American president regarding our industry. This once dismissed topic is now gaining prominence in the ongoing presidential election discourse.
Trump Rejects CBDC
At the recent Libertarian National Convention in Washington, D.C., I took the stage to speak directly to the crowd. During my address, I expressed my commitment as a leader to fostering a favorable environment for cryptocurrencies, including Bitcoin, within the United States. Instead of allowing this innovative technology to flourish elsewhere, I assured the audience that under my stewardship, America would remain at the forefront of its development and use.
Trump committed to safeguarding the self-custody rights of the approximately 50 million American crypto investors, warning off critics such as Elizabeth Warren from their assets. Moreover, he announced his intention to resist the creation of a central bank digital currency (CBDC), representing a significant change from his earlier cautious stance regarding cryptocurrencies.
As a dedicated researcher in the field of cryptocurrencies, I am committed to safeguarding the future of this innovation within the borders of the United States. I firmly believe that American ingenuity and leadership should drive the development of crypto, including Bitcoin, rather than being driven overseas.
During his presidency, Trump took a critical stance towards cryptocurrencies. However, his recent actions indicate a shift in position, as he now appears to be courting investors in this field. The Republican Party has become increasingly favorable towards Bitcoin and other digital currencies in recent times, while leading Democrats continue to grapple with the question of legitimizing the industry following several high-profile scandals.
As a crypto industry analyst, I can attest that Trump’s public endorsement signifies a significant achievement for crypto companies. For quite some time, we have been actively engaging in political lobbying efforts and making substantial investments totaling tens of millions of dollars to influence the 2024 elections.
Trump on Silk Road Creator Ross Ulbricht
During the same event, Trump announced his intention to reduce Ross Ulbricht’s life sentence to time served if he got re-elected as president. This declaration elicited applause and enthusiasm from the crowd, with several people waving “Free Ross” signs.
Before delivering my speech, I took to Truth Social to voice my opposition to President Biden’s perceived intent towards the cryptocurrency sector. I firmly believed and reiterated that such an outcome was neither desirable nor acceptable during my tenure.
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2024-05-27 15:20