Former US President Donald Trump has said his administration could take a positive stance on cryptocurrencies if he is re-elected to the White House. He spoke about bitcoin and cryptocurrencies in an interview with CNBC published on March 11.
'About #bitcoin and #cryptocurrencies ,' he said in an #interview with CNBC published on March 11. 'Sometimes I do little things for fun and make money at it,' Trump said. " He said he never buys bitcoin (BTC), but "sometimes I let people pay me in bitcoins. " He added: "
If you think about it, it's a new currency. That's what I call it. Whether it's bitcoin or any other currency.
The former Republican president and current presidential candidate has issued 1,000 branded trench coats. Many of them were paid for with #cryptocurrency , and "I couldn't believe the amount," he said.
During his presidency, Trump was skeptical of cryptocurrencies, but earlier this year he said he had changed his attitude. As president, Trump called cryptocurrencies a "fraud" and reportedly told Treasury Secretary Steve Mnuchin to "study bitcoin.
Former Republican presidential candidates Vivek Ramaswamy and Ron DeSantis have been more outspoken and unequivocal in their support for cryptocurrencies. Independent candidate Robert F. Kennedy Jr. also supports cryptocurrencies.
The Biden administration, in contrast, has taken unfavorable action against cryptocurrencies, mostly through the Securities and Exchange Commission (SEC), where SEC Chairman Gary Gensler has often been criticized for his vague cryptocurrency policy and emphasis on "regulation through enforcement.
The Biden administration may be more inclined to embrace U. S. central bank digital currency (CBDC) than President Trump. Biden's Executive Order 14067, "Ensuring Responsible Development of Digital Assets," directed several federal departments and agencies to conduct extensive research on the technology.
Trump, like other Republican candidates and Kennedy, is strongly opposed to the creation of a CBDC in the U. S. , but his position on the CBDC has previously been interpreted as positive.
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