Presidential candidate Donald Trump is back in the limelight with his aim to make America the world’s ‘crypto capital’ again. In a recent tweet on X (previously Twitter), Trump has suggested that he is working on a plan that may see the U.S. dominate the global crypto markets. The video he shared ended with the logo of World Liberty Financial, a popular decentralized finance (DeFi) platform.
Over the past few months, Trump has been an advocate for cryptocurrencies and has made it clear that he supports the further expansion of the crypto industry in the United States. He clearly stated his dream in July 2024: to make the United States the global hub for cryptocurrencies. In the same way, he stated that should he ascend to the presidency, his government would focus on favorable policies on cryptocurrencies.
Also Read: Donald Trump Discusses Crypto Policies and Debt Reduction Strategies
Trump’s Endorsement of Bitcoin and Cryptocurrencies
This campaign has heavily relied on Trump endorsing Bitcoin and other forms of digital currencies. Not only did Trump welcome Bitcoin donations, but he also described Bitcoin as a ‘power.’ Moreover, Trump has proposed to adopt Bitcoin as a national currency, stating it as a solution to the nation’s $35 trillion debt problem.
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Lately, Trump teased to reveal the entire plan that he has for turning America into the ‘crypto capital of the world.’ In a vague video, he said, “They want to choke you out of the business,” though it is still unknown who ‘they’ and ‘business’ refer to. The mentioned video received considerable attention and concluded with the logo of World Liberty Financial. It is also worth noting that the platform’s official Telegram channel uses a similar language of appeal to the community, explicitly asking it to support Trump’s idea.
Conclusion
Amid Trump’s latest triumph, his hard proposals for the U. S. crypto industry are expected to remain an essential topic of discussion as his campaign progresses. In this way, Trump is aligning himself with pro-crypto policies and supporting Bitcoin, thus trying to become the key figure in the cryptocurrency era. Whether or not his vision will sell to the public and turn into policies is uncertain, but at least he is stirring the pot in the fast-growing landscape of cryptocurrency.
Also Read: Donald Trump Surprises with Pro-Bitcoin Stance at Miners’ Meeting
Maxwell Mutuma
Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. He writes extensively on topics such as blockchain, cryptocurrency, tokens, and more for top publications such as Coingape, Coin Edition, and The Coin Republic. His goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.