TRUMP MAKES A BIG PROMISE ABOUT CRYPTO IN US

Donald Trump has made some big promises about crypto in the US, aiming to capture the attention of the digital asset industry and investors. He's pledged to end the "unlawful and un-American crypto crackdown" and oppose the creation of a Central Bank Digital Currency (CBDC) .

Trump's Crypto Promises:

End the Crypto Crackdown: Trump vows to stop Democrats' alleged anti-crypto crusade, ensuring every American has the right to self-custody of their digital assets and transact freely without government surveillance .

Boost US Mining Industry: He wants to make the US a world leader in Bitcoin mining, aiming to keep production onshore, which could face logistical and regulatory challenges .

Create a Strategic Bitcoin Reserve: Trump plans to establish a Bitcoin stockpile to hedge against the national debt, with Senator Cynthia Lummis introducing a bill to support this initiative .

Fire Gary Gensler: Trump promises to remove the SEC chair, seeking a more crypto-friendly regulatory environment .

Stop CBDC Development: He opposes the development of a US CBDC, citing concerns over financial privacy .

Free Ross Ulbricht: Trump vows to commute the sentence of Ross Ulbricht, founder of Silk Road, on "day one" .

Crypto Advisory Council: Trump plans to create a presidential advisory committee for crypto policies, ensuring regulations are written by industry supporters .

While these promises are bold, it's essential to consider their feasibility and potential impact on the crypto market.