At the Economic Club of New York, Donald Trump pledged to propel the U.S. to the top of the global crypto stage. Promising to cut regulatory roadblocks, Trump emphasized that Bitcoin would be a central focus of his policies if re-elected.
Trump Sets Sights on US Crypto Leadership
As reported by Coingape, during his speech at the Economic Club of New York Event, former President Trump reiterated his previous Bitcoin aim in the event that he is elected.
The cryptocurrency ecosystem has taken a major hit under the present government. The United States Securities and Exchange Commission (SEC) is suing a number of companies in what is widely referred to as a "regulation by enforcement" strategy.
Companies Contemplate Moving to Crypto-Friendly Nations
Although OpenSea was not sued, the regulator nonetheless sent out Wells Notices to those that were. This has led several companies to contemplate relocating their operations to more crypto-friendly areas.
If elected, Donald Trump plans to reverse this trend. At the occasion, he reaffirmed his intention to embrace cryptocurrency and reduce regulations.
"Instead of attacking industries of the future, we will embrace them, including making America the world capital for crypto and Bitcoin," he declared.
Trump Strengthens Crypto Push with Pro-Bitcoin Team
The former president has been quite vocal about his position on cryptocurrency during this election season.
He won over crypto voters by restating identical promises in the final Bitcoin Conference 2024 session. Trump has appointed Cantor Fitzgerald's Howard Lutnick to a pro-crypto transition team, further demonstrating his support for Bitcoin.
Harris’ Crypto Support Shakes Up 2024 Election
Vice President Kamala Harris started taking cryptocurrency donations through Coinbase, which led to this plan to support crypto. This is a significant step for the DNC candidate, who many believed was anti-crypto.
How Hillary will react to all this Bitcoin attention in her battle to keep her lead in the polls is anyone's guess.