Pro-Bitcoin-President: Trump campaigning for voter support at Crypto Conference
"If we don't embrace Crypto- and Bitcoin-technology, China will", Trump stated. If Crypto is to determine the future, he expressed his desire for "it to be mined, minted, and manufactured in the USA". Regarding the electricity price as a key factor for companies locating for the so-called mining of Cryptocurrencies, Trump promised to make US energy the cheapest "on the entire Earth" through increasing the production of fossil fuels and nuclear energy.
The former President had earlier expressed skepticism about Cryptocurrencies. "I'm not a fan of Bitcoin and other currencies that aren't real money", he declared back in 2019. Now, he compared them to the growth of the "Steel Industry a hundred years ago".
In this context, Trump also criticized the US regulations for Crypto facilities through the Biden Administration. "The suppression of Crypto and Bitcoin by the Biden-Harris Administration is wrong and very bad for our country", Trump said to the applause of the conference attendees.
Given this background, Trump announced that, in the event of his election victory, he would dismiss Gary Gensler, the head of the US Securities and Exchange Commission (SEC), who is skeptical about Cryptocurrencies. The Crypto community is critical of the SEC for its cautious and slow approach to regulation. The conference attendees reacted enthusiastically to Trump's announcement, prompting him to quip: "I didn't know he was so unpopular."
"We need to fight and we need to win", Trump urged the crowd regarding the November election. "I promise the Bitcoin community that the anti-Crypto crusade of Joe Biden and Kamala Harris will be over on the day I take the oath of office. It will end, it will be finished."
The Presidential election in the USA takes place on November 5th. Trump was nominated as the Republican Party candidate in mid-July. The Democratic Party has not yet named their candidate. After Biden's withdrawal from the race for the White House, Kamala Harris is considered the favorite for the Democratic Party's Presidential nomination.
- Despite his previous skepticism towards Cryptocurrencies, including Bitcoin, Donald Trump now views them as potential game-changers for the United States of America.
- At a recent Crypto-Conference in Nashville, Trump expressed his hopes for the USA to become a leading force in Bitcoin mining and manufacturing, challenging China's dominance.
- Assessing the cost of energy as a critical factor for Cryptocurrency companies, Trump announced plans to make US energy the cheapest globally through increased fossil fuel and nuclear energy production.
- Amidst criticism of the Biden Administration's alleged suppression of Crypto and Bitcoin, Trump pledged to dismiss Gary Gensler, the head of the SEC, if elected, due to his skepticism towards Cryptocurrencies.
- Trump assured the Bitcoin community that under his presidency, the "anti-Crypto crusade" of Joe Biden and Kamala Harris would be discontinued, promising an end to their cautious regulatory approach.
- With the Presidential election taking place on November 5th, Trump, the Republican Party's candidate, called for unity and victory, ensuring the Bitcoin community of his commitment to fostering a pro-Bitcoin administration in the future.
