**Crypto News Flash: Trump’s Bold Crypto Promises for 2024**
Donald Trump, the former president and 2024 Republican presidential candidate, has made significant promises to the crypto community. Here’s a quick rundown:
- **End Crypto Crackdown**: Trump vows to halt the Democrats' "unAmerican Crypto crackdown" and oppose the creation of a Central Bank Digital Currency (CBDC).
- **Boost Bitcoin Mining**: He aims to make the US a leader in Bitcoin mining, despite challenges due to Bitcoin’s decentralized nature.
- **Strategic Bitcoin Reserve**: Plans to create a strategic Bitcoin stockpile, supported by Senator Cynthia Lummis’ bill.
- **Fire Gary Gensler**: Promises to replace the SEC Chair to foster a more crypto-friendly regulatory environment.
- **Stop CBDC Development**: Firmly against the development of a US CBDC, citing privacy concerns.
- **Free Ross Ulbricht**: Pledges to commute the sentence of the Silk Road founder.
- **Crypto Advisory Council**: Intends to form a council to establish clear crypto regulations.
- **Self-Custody Rights**: Advocates for the right to self-custody crypto assets, aligning with Senator Ted Budd’s proposed legislation.
Trump’s ambitious crypto agenda faces numerous hurdles, but it has sparked significant discussion within the industry.