Trump Promises to End Biden’s Crypto Policies
Donald Trump, a candidate for the U.S. presidency, has pledged to adopt a more favorable stance on cryptocurrency compared to the current Biden administration.
Trump's Cryptocurrency Stance
During a speech in West Palm Beach, Florida, Trump vowed to end President Joe Biden’s “war on crypto” if he is elected. He emphasized his plan to support the growth of cryptocurrency, especially in Florida. “We will ensure the future of crypto and Bitcoin will be made in America, right here in Florida,” Trump said on June 14, his 78th birthday.
Trump has often criticized Biden’s strict stance on cryptocurrency. On May 26, he stressed that the U.S. should lead the global crypto industry. On May 25, he posted on Truth Social, stating, “Joe Biden wants crypto to die a slow, painful death. That will never happen with me.”
2024 Election and Crypto
Trump will face Biden in the 2024 presidential election on November 5. Part of Trump’s campaign is to make Florida a central hub for cryptocurrency. CoinLedger recently named Florida the best state for crypto taxes due to its lack of state income tax and crypto-friendly regulations, including a program allowing businesses to pay state fees in crypto. New York was ranked the worst state for crypto taxes.
Support for Bitcoin Mining
On June 12, Trump expressed his support for the Bitcoin mining industry, stating he wants all remaining Bitcoin to be mined in the U.S.
Trump’s pro-crypto stance aims to attract the support of crypto enthusiasts and investors across the country.
Credit to original content: cryptopaid.net/trump-pledges-to-end-bidens-crypto-policies/
