Trump’s Crypto Agenda: Bitcoin Superpower?
Donald Trump, aiming for another shot at the White House, has thrown his hat into the crypto ring. He’s promised to make the US the “crypto capital of the planet” and a “Bitcoin superpower.” At a recent industry event, Trump laid out his plans, including:
- Creating an advisory council for crypto policy
- Removing the SEC chair, Gary Gensler
- Commuting the sentence of a jailed Silk Road operator
- Boosting US Bitcoin mining by easing regulations and building new power plants
Trump’s stance on crypto has evolved from skepticism to full-on support. He sees Bitcoin as a symbol of “freedom, sovereignty, and independence from government coercion.” His recent embrace of the industry is likely influenced by the growing number of crypto investors in the US. The Republican Party’s platform now includes support for Bitcoin mining rights.
This is in stark contrast to the Biden administration’s approach. The SEC has aggressively pursued cases against cryptocurrency firms.
It remains to be seen if Trump’s crypto agenda will resonate with voters. However, his promise to make the US a Bitcoin powerhouse is sure to generate a lot of discussion.
