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Republican presidential candidate Donald Trump pledged to establish a future for cryptocurrencies and Bitcoin in the United States in another pro-crypto campaign speech.
At the Libertarian National Convention in Washington last week, Trump said he would ensure that cryptocurrency businesses are not driven overseas.
There is nothing more powerful than an idea whose time has come. pic.twitter.com/vTdbKHn6L8
— Michael Saylor⚡️ (@saylor) May 26, 2024
Joe Biden’s administration has been criticized for a concerted effort to kill cryptocurrencies. Trump is using this to anger millions of cryptocurrency voters in the U.S. by promising a friendly regulatory environment if elected in November.
Donald Trump Presents Himself as a Cryptocurrency Advocate
Trump is saying all the right things to appease cryptocurrency voters. In a recent speech, he promised not only to protect self-reliance but also to ban the issuance of central bank digital currencies (CBDCs).
“I will keep Elizabeth Warren and her followers away from Bitcoin,” he added.
His speech has already garnered attention from some of the biggest names in the cryptocurrency industry. Earlier this month, Cardano founder Charles Hoskinson said the Trump administration had largely ignored the cryptocurrency industry, despite its problems.
Block founder Mike Dudas also appears to be shaken by Trump’s recent sentiments. He said the Biden administration wanted to label him a criminal, but Trump promised to allow him to pursue a livelihood and provide for his family.
Look, I personally hate this guy by about 1000 levels.
But he is essentially saying that he will allow me to make a living and support my family, investors, founders and employees.
Meanwhile my current admin wants to label me a criminal 🤷♂️ pic.twitter.com/VUAIm0mjPA
— Mike Dudas (@mdudas) May 25, 2024
However, not everyone is accepting of Trump’s recent change of heart on cryptocurrencies. Adam Cochran, partner at Cinneamhain Ventures, believes Trump is using cryptocurrency as a ploy to garner votes.
“Trump has been peddling for decades, failing to pay his own bills and selling out others for his own benefit,” he said. “(He) is not a man who will honor his own bargain.”
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