Donald Trump’s Crypto Revolution
Get ready for a major shift in the crypto landscape as former US President Donald Trump unveils his newfound support for the industry, setting the stage for a pivotal moment in the upcoming presidential election.
Trump’s Stand Against CBDC
During a recent appearance at the Libertarian National Convention in Washington, D.C., Trump assured the audience that, if elected, he would champion the growth of crypto and Bitcoin within the US borders instead of letting it flourish overseas.
- Protecting the rights of the nation’s 50 million crypto holders to self-custody
- Promising to keep critics like Elizabeth Warren away from their assets
- Opposing the establishment of a central bank digital currency (CBDC)
“I will ensure that the future of crypto and Bitcoin will be made in the USA. I will support the right to self-custody for the nation’s 50 million crypto holders. I will keep Elizabeth Warren and her goons away from your Bitcoin. And I will never allow the creation of a central bank digital currency (CBDC).”
Trump’s pro-crypto stance represents a significant departure from his previous skepticism, with the Republican Party increasingly embracing digital assets while leading Democrats are divided on the issue.
The endorsement also signifies a breakthrough for crypto companies, which have been actively lobbying in Washington and investing substantial amounts to influence the 2024 elections.
Trump’s Support for Silk Road’s Ross Ulbricht
Adding to his bold declarations at the convention, Trump pledged to commute the life sentence of Silk Road creator Ross Ulbricht to time served if re-elected as president, receiving cheers from the crowd bearing “Free Ross” signs.
Prior to his speech, Trump took to Truth Social to accuse President Joe Biden of wanting the crypto industry to perish slowly and painfully, assuring his followers that such a fate would not occur under his administration.
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