Former United States President Donald Trump has pledged to end President Joe Biden’s “war on crypto” if he is elected again.
“I will end Joe Biden’s war on crypto, and we will ensure that the future of crypto and the future of Bitcoin will be made in America; we’re going to keep it right here, and a lot of it is going to be done right here in Florida,” Trump announced during a special address in West Palm Beach, Florida.
The event took place on June 14, coinciding with Trump’s 78th birthday.
Trump has frequently criticized Biden’s approach to cryptocurrency.
On May 26, he condemned Biden’s policies, asserting that the U.S. should strive for leadership in the crypto industry.
“Crooked Joe Biden, on the other hand, the worst president in the history of our country, wants it to die a slow and painful death.
“That will never happen with me,” Trump wrote on May 25 on Truth Social, a platform owned by Trump Media and Technology Group.
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As Trump gears up to face Biden in the 2024 presidential race, with election day on November 5, his focus on cryptocurrency highlights a key aspect of his campaign.
Trump’s commitment to making Florida a major player in the crypto industry aligns with recent data from CoinLedger, which named Florida the “best state” for crypto taxes in the United States.
The state’s favorable crypto tax status stems from its lack of state income tax and its crypto-friendly regulatory policies, including a pilot program that allows businesses to pay state fees in cryptocurrency.
In contrast, New York was ranked as the worst state for crypto taxes.
On June 12, Trump also expressed his support for the Bitcoin mining industry, emphasizing his desire for all remaining Bitcoin to be mined within the United States.
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