Trump Vows to Make the U.S. the ‘World Capital of Crypto,’ Taps Musk for New Task Force
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Former U.S. President and current presidential candidate Donald Trump has reiterated his strong support for the cryptocurrency industry and announced plans to collaborate with tech billionaire Elon Musk on a government task force if he is re-elected.
Speaking at the Economic Club of New York on Sept. 5, Trump emphasized his commitment to embracing the digital asset industring, "Instead of attacking industries of the future, we will embrace them, including making America the world capital of crypto and Bitcoin."
Pledge to Reform Regulations
Trump outlined a plan to overhaul the regulatory framework in the U.S. by eliminating at least ten outdated regulations for every new one introduced. This approach, he said, would foster innovation and growth in industries like crypto, positioning the U.S. as a global leader in the space.
Musk to Lead Government Efficiency Task Force
Trump also thanked Tesla CEO Elon Musk for his endorsement and announced that Musk would lead a newly formed government efficiency task force. The goal of the task force would be to audit the federal government’s financial and operational performance and recommend sweeping reforms.
“We need to do it, and we can’t go on the way we are now,” Trump said. Musk echoed this sentiment in a post on X (formerly Twitter) on Sept. 6, stating, "This is badly needed" and that the proposed
One of the first priorities for the task force, same
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