A summary of Trump's ten 'crypto commitments'. The upcoming trends of BTC are largely related to these commitments made by Trump. Whether these commitments can be fulfilled has become a key factor determining the future direction of BTC.
Trump has made a series of eye-catching commitments in the crypto industry to gain support for his campaign:
1. Establish a Bitcoin reserve
Establish Bitcoin as a national strategic asset for reserves, elevating its status to that of traditional reserve assets like gold, playing a special role in national economic strategy as a wealth reserve.
2. Ban the creation of Central Bank Digital Currency (CBDC)
Clearly oppose the creation of a central bank digital currency in the U.S., worrying about its impact on the cryptocurrency market and potential risks, creating a relaxed development environment for cryptocurrencies like Bitcoin.
3. Make the U.S. the 'crypto capital'
Commit to ensuring that the U.S. occupies a dominant position in the global cryptocurrency field, attracting global resources through policy support and improved infrastructure, leading cryptocurrency technology research and development, market trading, and industry standard-setting.
4. Suggest using Bitcoin to reduce U.S. national debt
Propose using Bitcoin to repay U.S. national debt, leveraging its value characteristics and liquidity to alleviate national debt pressure, but facing challenges of unstable repayment value due to price volatility.
5. Stop regulatory pressure on the cryptocurrency industry
Advocate for an end to the 'crackdown' on the crypto industry, relaxing regulatory measures to promote innovation and growth, but also bringing challenges in financial risk management.
6. Ensure Americans' rights to mine and self-custody cryptocurrencies
Emphasize the importance of protecting Americans' rights to participate in Bitcoin mining and self-custody of cryptocurrencies, promoting the widespread application of Bitcoin among the public.
7. If re-elected, replace the SEC chairman
If re-elected president, will fire current SEC chairman Gary Gensler and adjust the regulatory direction towards cryptocurrencies.
8. Establish a committee to draft supportive regulations
Plan to create a dedicated regulatory committee to support cryptocurrencies, formulating favorable regulations to balance development and regulation.
9. Advocate for reduced sentence for Silk Road founder Ross Ulbricht
This move may stem from considerations for early figures in cryptocurrency development, but raises controversies on legal and social levels.
10. Encourage the dominant position of Bitcoin mining within the U.S.
Support the 'Made in America' policy for Bitcoin.
