Former President Donald Trump unexpectedly declared his support for the cryptocurrency industry and pledged to make the United States a global leader in this field if re-elected.
“The future of Bitcoin and other cryptocurrencies is strong in the United States,” Trump said. I will support self-regulation for the 50 million cryptocurrency holders in this country.” He also pledged to keep Senator Elizabeth Warren, a prominent critic of cryptocurrency, away from Bitcoin.
In a direct challenge to the current administration's stance on digital currencies, Trump declared: “I will never authorize a Central Bank Digital Currency (CBDC) and will end the fight by President Joe Biden to crack down on cryptocurrencies.”
In a move that could have significant implications for the cryptocurrency world, Trump also announced that if he returns to the White House, he will reconsider the life sentence of Ross Ulbricht, founder of the Silk Road marketplace. Silk uses Bitcoin. Ulbricht's case has become iconic in the cryptocurrency community, which sees him as the victim of harsh punishment for crimes related to the creation of an online marketplace that used Bitcoin for transactions.
“I am very positive and open to crypto companies and everything related to this new and growing industry. Our country must take the lead in this field. There is no second place.”
He ended his statement by directly criticizing President Biden, saying: “Biden wants the cryptocurrency industry to die slowly and painfully. This will never happen to me!”
