Author: Mike Dalton, Cryptoslate; Translated by: Baishui, Golden Finance
U.S. Republican presidential candidate Donald Trump pledged to “end Joe Biden’s war on cryptocurrency” at a rally in Racine, Wisconsin on June 18.
Trump said his goal was to "make sure that the future of cryptocurrency and the future of Bitcoin will be made in America." He warned that if the U.S. doesn't do that, other countries will seize the opportunity.
Trump's campaign has challenged Biden on economic policies beyond cryptocurrency in other ways. In a statement to Reuters, Trump campaign spokeswoman Anna Kelly described "rising prices, falling wages and stagnant manufacturing" under Biden.
Reuters noted that the town where the rally took place is home to the controversial Foxconn factory, which Trump credited for its construction during his first term as part of his pro-manufacturing policies but which ultimately failed to provide the number of jobs expected.
Trump insists his crypto strategy will "create opportunities for young people."
Trump’s Early Cryptocurrency Promises
Trump’s latest pro-crypto pledge follows other similar statements. On May 8, Trump called for support from the cryptocurrency community, saying: “If you support cryptocurrency, you better vote for Trump.”
Later, on June 7, he pledged to end the “Biden-Gensler crusade against cryptocurrencies.” Trump’s statement referenced Gary Gensler, the Biden administration’s appointee to chair the U.S. Securities and Exchange Commission.
On June 12, Trump said he intended to have the United States mine all remaining Bitcoin, claiming such a policy would help the country establish energy dominance.
Biden's approach uncertain
Amid Trump’s more outspoken support for the cryptocurrency industry, Biden’s rivals may reverse their harsh stance on the sector.
Biden’s campaign is reportedly seeking input from cryptocurrency industry members for its outreach efforts, and following Trump’s earlier decision to accept cryptocurrencies through Coinbase Commerce, the Biden campaign may soon do so.
However, the Biden campaign has not taken or confirmed any of these actions, and only anonymous sources have reported on the alleged plans so far.
