Presidential President Donald Trump, who previously critically spoken of cryptocurrency, stated that he intended to make the United States as a world leader in cryptocurrency and introduce a more loyal regulation of this sector. Trump said this during the Bitcoin 2024 conference, which transmits Reuters.
Trump expressed his disagreement with the attempts of Democrats to strengthen the regulation of the cryptocurrency market. "If we do not accept cryptocurrency and bitcoin technology, China and other countries will do it. They will dominate, and we cannot allow China to dominate. They have made too much progress," he said.
Trump action plan
In his speech, Trump outlined several specific measures to support the cryptocurrency sector in the United States:
- Creation of the Cryptocurrency Council of the Presidential Advisory Council : this council will deal with the development and regulation of cryptocurrency market in the country.
- Introduction of the Bitcoin National Stock : Using the Cryptocurrency, which is currently in possession of the US Government, much of which has been seized by law enforcement agencies.
Trump also stressed the need to preserve bitcoins in state reserves. "Never sell your bitcoin. If I am being taken away, my administration's policies will be to keep 100% of all bitcoin that the US government owns or acquires or acquires," he said.
Changing Trump's position on cryptocurrency indicates his desire to make the US a key player in the global digital asset market. He believes that the adoption of innovative technologies in the cryptocurrency sector is critical for the economic future of the country and its position in the international arena.
Trump also noted that in order to achieve these goals, you need to focus on creating a favorable regulatory environment that will stimulate the development of cryptocurrency industry and attract investment.
