In a groundbreaking speech at the Bitcoin Conference, US presidential candidate Donald Trump outlined his ambitious vision for the future of digital currencies in America. His statements signal a significant shift in policy and a strong endorsement of the cryptocurrency market. Here are the key points from his address:
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1. Firing the SEC Chairman:
Trump announced that on his first day in office, he will fire the Chairman of the Securities and Exchange Commission (SEC), signaling a major change in regulatory leadership.
2. "To the Moon"
with Digital Currencies: He expressed his commitment to propelling digital currencies and Bitcoin to new heights, using the popular phrase "to the moon."
3. Combating the SEC's Anti-Crypto Stance:
Trump criticized the SEC’s actions against digital currencies during the Biden administration, accusing them of using fascist control over people’s money and future.
4. Erasing Anti-Crypto Decisions:
All SEC decisions regarding digital currencies will be erased, restoring rights to the crypto market.
5. Adopting Digital Currencies:
Trump declared that America will fully adopt digital currencies and will not allow other entities to dominate this field.
6. New Presidential Advisor for Digital Currencies:
He will create a new position for a Presidential Advisor specialized in digital currencies, underscoring the importance of this sector.
7. Licensing Digital Currencies:
Digital currencies and Bitcoin will become licensed payment methods, accepted for government transactions, financial dealings, and donations.
8. Prosecuting Past Injustices:
Trump acknowledged the persecution, marginalization, and injustice faced by crypto market participants under the previous US government and promised to prosecute those responsible.
9. Engaging with Crypto Market Makers:
He plans to communicate with crypto market makers, grant them authorities, and enact easy and acceptable regulations to foster market growth.
10. Making America the Richest Country:
By adopting Bitcoin and digital currencies, Trump aims to make America the richest country in the world.
Fundamental Analysis of the Conference:
Trump's vision is very positive and is expected to steer the market in a significant direction in the coming months. This strong endorsement of digital currencies could herald a new era of growth and innovation in the crypto space.