Trump Promises to Embrace ‘Industries of the Future’ Including Crypto, AI

As a seasoned analyst with over two decades of experience in the financial markets, I have witnessed numerous presidential administrations come and go, each with their unique economic agendas. However, none have shown as much apparent interest in the rapidly evolving digital asset space as Donald Trump seems to be doing now.

In simpler terms, during a public address on Thursday, Donald Trump restated his pledge to establish the U.S. as the global leader in cryptocurrency if he is re-elected as president. However, cryptocurrencies were only mentioned briefly within his broader discussion about his economic plan

Instead of focusing on industries of the future, we’ll focus on them, including establishing America as the global hub for cryptocurrency and Bitcoin. This is what Donald Trump announced to a crowd at the Economic Club of New York

n interpretation in simpler, everyday English: Donald Trump could play a significant role in the cryptocurrency world as the chief advocate for World Liberty Finance, a new project linked to his family

In his lengthy address, Trump outlined his vision for revamping the American economy should he win another term, emphasizing points like reducing red tape and boosting local energy output

“I will launch a historic campaign to liberate our economy from crippling regulation,” Trump said. “I’m pledging today that in my second term, we will eliminate a minimum of tenfold regulations for every one new regulation.”

Trump stated that, should he be chosen, he would promptly declare a national emergency aimed at boosting domestic energy production. He emphasized this action is essential to facilitate growth in the artificial intelligence field and maintain America’s technological edge against China

As a forward-thinking crypto investor, I eagerly embrace these extensive powers to swiftly bypass red tape and expedite approvals for innovative blockchain projects, new mining operations, cutting-edge data centers, and rapid expansion of our digital infrastructure. This accelerated development is anticipated to surge the supply of cryptocurrencies at an unprecedented rate, leading to a significant decrease in prices. As a result, we’ll lead the charge instead of playing catch-up, positioning ourselves as pioneers rather than followers

Trump also suggested he would take Elon Musk up on his idea for a government efficiency commission tasked with auditing federal spending and rooting out waste, as well as his offer to lead it. He joked that the owner of X (formerly Twitter) and CEO of Tesla was “not busy.”