In a bold declaration at Bitcoin2024 Nashville, pro-crypto US Republican candidate Donald Trump unveiled his ambitious vision to transform the United States of America into the global capital for cryptocurrency.
Addressing a large and enthusiastic audience, Trump emphasized his commitment to positioning America at the forefront of the digital currency revolution. “The United States will become the crypto capital of the planet,” he proclaimed, underscoring his ambition for the country to dominate the rapidly evolving crypto landscape.
Trump further articulated his vision by stating, “If Bitcoin is going to the moon, I want America to be the nation that leads the way.” This bold statement reflects his belief in the transformative potential of Bitcoin and other cryptocurrencies and his desire for the United States to spearhead this financial revolution.
To achieve this goal, Trump plans to overhaul current regulatory frameworks, which he believes are overly restrictive and stifle innovation. By creating a more favorable regulatory environment, Trump aims to attract crypto businesses and investors to the United States, ensuring that the nation remains at the cutting edge of financial technology.
Central to his plan is the immediate dismissal of the current Chairman of the Securities and Exchange Commission (SEC), Gary Gensler, whom Trump accuses of creating an unfriendly environment for the burgeoning crypto industry. “On my first day in office, I will fire Gary Gensler and appoint someone who believes America should build the future, not block it,” Trump vowed.
Trump’s vision extends beyond regulatory reform. He promised that under his administration, Joe Biden and Kamala Harris’ “anti-crypto crusade” would come to an end. He argued that Bitcoin is not a threat to the US dollar; rather, the current US government’s policies are undermining the dollar’s value and stability.
Additionally, Trump declared that the US government would retain 100% of the Bitcoin it currently owns. “Never sell your crypto,” he advised, emphasizing his belief in the long-term value of digital currencies.
He also stated that there would never be a Central Bank Digital Currency (CBDC) while he is president, reflecting his stance against centralized digital currencies controlled by governments.
