The current 2024 nomination in the United States president election, Donald Trump has also joined the bandwagon on expressing his stand on the cryptocurrency. If re-elected, President Donald Trump said he wants the USA to be the hub of Cryptocurrency and especially bitcoin as he spoke at the Economic Club of New York on Thursday.
During the speech, Donald Trump vowed to repeal many superfluous governmental standard to make it easier to foster growth of the economy throughout the United States. “Where there is a new regulation we must have at least ten former regulations eliminated,” he said. He called it the easiest strategy through which to free the U. S economy from crippling regulations.
Trump’s Crypto and Innovation Vision
In detail, the major topics of the Donald Trump’s speech were innovation and the future of the American industries. “They are interested in attacking industries of the future and instead of them doing that we will do it ourselves,” he said. His vision also entails making the U. S. the global center for crypto and Bitcoin, which is a complete turn on the current policy around cryptocurrencies.
This mention of cryptocurrency comes in the heels with other incidents that involved Trump’s family. Days before the speech, the Donald Trump family hinted at a Decentralized finance or DeFi project known as World Liberty Financial. As it is planned to operate on Aave, an Ethereum-based lending and borrowing protocol, the project has already caused stir in the crypto circles.
Besides his cryptos promises, Donald Trump unveiled his wider economic vision The President laid out his economic programs and plans. He came up with proposals including reduction of regulations, lowering of inflationary indices and enhanced production of energy at home. He also wants to make the United States as a “manufacturing superpower” by adopting a pro-American trade policy. This approach would include tariffs designed to promote local production and bring significant financial benefits back to the country.
He also pledged for decreased taxes, lower costs of energy, secure borders and increased wages for its citizens. As an acknowledgement of the idea introduced by Elon Musk, Donald Trump claimed that he would be willing to establish an agency that would review and monitor federal spending.
Barely mentioning artificial intelligence, Donald Trump referred to it as ‘controversial,’ but he said, “we have to be on top of it. ” Lastly, Trump said, “I took care of our economy like I would take care of my own company. I always put America first. ”
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