Former U.S. President Trump continues to express his strong support for the encryption industry. He stated at the rally that a large number of encryption industries will be established in his main state of Florida in the future.
Vows to end Biden’s crypto war
At an event marking his 78th birthday last week, Trump said:
With a view to securing the future of our country and providing more jobs for young people, I will end Biden's war on cryptocurrency and we will ensure that the future of cryptocurrency, Bitcoin, is in America. They are here to stay, and a lot of it (the crypto industry) is going to be established in Florida.
NEW – Former President Donald Trump on the campaign trail in Florida:“…we will ensure that the future of crypto and the future of#Bitcoinwill be made in America…” pic.twitter.com/h6V0JskdZ6
— Swan (@Swan) June 15, 2024
Florida’s crypto tax is ‘lowest’
Florida, which has no state income tax and is known for crypto-friendly regulations, topped a ranking of the “best” states for cryptocurrency taxation in January. Florida also has a pilot program that allows businesses to pay state fees using various cryptocurrencies.
Trump also stated recently that he hopes that all remaining unmined Bitcoins can be mined by American companies. He believes that Bitcoin mining may be the “last line of defense against central bank digital currency (CBDC)”.
(Trump met with Bitcoin miners and promised to protect mining: He hopes that the remaining Bitcoins will be mined in the United States)
Fearless of criminal prosecution, Trump becomes increasingly active
Although he became the first U.S. president to be convicted of 34 felony counts of falsifying business records at the end of May this year, Trump has remained active in various campaigns since then.
At a fundraiser earlier this month, Trump also emphasized that he would become the "cryptocurrency president" and declared that he would end the crusade against cryptocurrencies launched by Biden and SEC Chairman Gary Gensler.
(The first time in the history of a U.S. president! Former U.S. President Trump was convicted of 34 charges for hush money, and the sentencing was postponed)
The Biden campaign took the opportunity to speak out through this incident, saying that Trump's conviction highlighted his threat to democracy and that the only way to prevent Trump from returning to the White House was to vote in the presidential election.
This article Trump vows to end the encryption law enforcement war and advocates the entry of the encryption industry into Florida first appeared on Chain News ABMedia.
